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

Reynolds to Retire From TWCC Executive Director Post

Richard F. Reynolds, executive director of the Texas Workers’ Compensation Commission (TWCC), announced his retirement from an extensive career in public service. According to the TWCC, July 16, 2004 will be Reynolds’ last day at work, but he will continue …

Florida Wraps Up Workers’ Comp Compliance Sweep

Florida’s Chief Financial Officer Tom Gallagher announced the completion of a sweep of construction sites across Florida to verify that employers are complying with state workers’ compensation insurance laws. As part of the statewide effort, investigators with the Department of …

Utah Workers’ Comp Company Ordered to Pay Fine Totaling $390,000

North Carolina Insurance Commissioner Jim Long announced that a cease and desist order – levying two fines worth $390,000 – was issued against American Benefits and Insurance Services Inc. of Salt Lake City. According to the order, American Benefits allegedly …

Fire Insurance Bills Advance In Calif. Legislature

Prompted by last year’s devastating firestorms, insurance-related bills that would help future disaster victims are gaining momentum as they move through the Legislature, reports the Association of California Insurance Companies (ACIC). “The experience from the Southern California fires has provided …

Ga. Agent Charged with Defrauding Client

Georgia Insurance Commissioner John W. Oxendine said an investigation by his Fraud Unit resulted in a Valdosta insurance agent being arrested and charged with defrauding one of his clients. Dustin Ty Arnold, 24, has been charged with one count each …

Mo. Insurers Add Extra Staff to Help with Storm Claims

Missouri’s largest home and auto insurers deployed almost 500 extra personnel and opened 43 temporary sites to assist about 100,000 residents who suffered from wind or hail damage in late May, said Department of Insurance (MDI) Director Scott Lakin in …

Ky. Insurance Exec Pleads Not Guilty to Fleeing

A Lexington, Ky., insurance executive who fled the country after being convicted on insurance fraud charges, and two others who federal prosecutors say aided him, pleaded not guilty to charges related to his flight. Stephen Keller, 40; his wife, Tamara …

Fla. Doctors Fed Up with Med-Mal Costs

Dr. Rene Loyola says he has given up just about everything to keep practicing medicine. The surgeon owns no home or land, and has no savings other than a retirement plan after 29 years in the profession. He says he …

Treasury Dept. Extends ‘Make Available’ Provisions of TRIA

The U.S. Treasury Department has announced its decision to extend the “make available” provisions of the Terrorism Risk Insurance Act (TRIA) through 2005, the third year of the federal Terrorism Risk Insurance Program. The “make available” provisions of TRIA require …

Best Affirms Liberty Mutual’s Ratings; Ups Outlook

A.M. Best Co. announced that it has affirmed the financial strength ratings of “A” (Excellent) of Liberty Mutual Insurance Companies, Liberty Insurance Holdings of Keene, N.H. and Liberty Northwest Group of Portland, Ore., along with the “A-” (Excellent) of Liberty …