Monthly Archives: <span>May 2004</span>

Okla. Tort Reform Committee Adopts ‘I’m Sorry’ Provision

The Oklahoma Senate reported that a special joint House-Senate Committee on Tort Reform has already adopted a provision lauded by medical professionals in a front page story in a Wall Street Journal as the most effective tool at stemming malpractice …

ICAT Names Pilawa to Senior Underwriting Post

International Catastrophe Insurance Managers LLC (ICAT) announced that Peter Pilawa has joined the company as a senior underwriter. Pilawa joins the company’s Middle Market Business Unit, and will focus, primarily, on underwriting earthquake exposed accounts in the Western United States. …

Beneducci Promoted to COO at Fireman’s Fund

Joseph Beneducci has been promoted to executive vice president and chief operating officer of Fireman’s Fund Insurance Company, reporting to Charles Kavitsky, president and CEO. Beneducci was formerly executive vice president and chief administrative officer. Reporting to Beneducci in his …

Tenn. Workers’ Comp Reform Bill Goes to Governor

The Tennessee General Assembly on Thursday gave final approval to workers’ compensation legislation that seeks to address rising costs in the state’s workers’ comp system. SB 3424, introduced at the request of Gov. Phil Bredesen (D), represents long-needed reform, according …

Stone Street Financial Praises Actions by Fla. OIR, Securities and Exchange Commission

Stone Street Financial, Inc. praised the recent actions of the Florida Office of Insurance Regulation and the Securities and Exchange Commission in bringing enforcement actions against Mutual Benefits Corporation which has been accused of defrauding thousands of individual investors in …

Nev. Grand Jury Indicts for Consumer Auto Fraud

Nevada Attorney General Brian Sandoval announced that a Clark County Grand Jury returned a criminal indictment against Eddie Lopez, 23, Jose Aguilera, 29, and Misty Huff, 27, doing business as A&E Auto Saver or Alternative Auto of Las Vegas. The …

Claims/Loss Information Part of Rating Program

MI-Assistant, a division of Fiserv FSC Inc., a solution provider in the Upper-Midwest, announced incorporation of loss history information from previous auto claims into the companies rating program for agents to properly evaluate and rate auto insurance policies with particular …

Calif. Victims Split More than $400,000 in Restitution

Twenty-one victims have received a portion of the money stolen more than a decade ago by a Los Angeles woman after the District Attorney’s Office won an appeal to repay them. Deputy District Attorney Allan Fork of the Major Fraud …

First Premium Insurance Group Unveils ‘Supplemental Natural Disaster Protection’

First Premium Insurance Group (FPIG) has introduced its new Supplemental Natural Disaster Protection (SNDP) program. The program pays directly to your insureds the monthly sum they select should their home become temporarily uninhabitable following a covered natural disaster. Coverage is …

Ohio Employers to Get 20% Discount on Comp Premiums

Fueled by solid and continual investment growth, the Ohio’s Workers’ Compensation Oversight Commission voted Thursday to grant Ohio’s private employers a one-time 20 percent premium dividend on their upcoming bills. The decision was based on a recommendation from the Ohio …