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

Louisiana’s High Risk Health Insurance Pool Accepting Limited Number of New Applicants

Commissioner of Insurance Robert Wooley announced that Louisiana’s high risk health insurance pool is now accepting new enrollment for 225 policyholders. The Louisiana Health Plan provides health insurance to those individuals who have been denied coverage by traditional, private health …

ACUITY Promotes New Field Claims Rep

Trisha Propson has been promoted to field claims representative at Wisconsin-based ACUITY. Propson has been with ACUITY since May 2000, starting as an inside claims representative. She was later promoted to senior inside claims representative, the position she held immediately …

Fla. Company Owner Must Pay Restitution

The owner of a South Florida drywall and plastering company has been ordered to pay $110,000 in restitution after entering a no contest plea to two counts of workers’ compensation insurance fraud. Kraig Wayne Bryan, 33, owner of B&D Drywall …

Calif. Commissioner Criticizes ‘Sloppy’ Handling of Holocaust Era Insurance Claims

California Insurance Commissioner John Garamendi on Thursday called on the International Commission on Holocaust Era Insurance Claims (ICHEIC) to improve and expedite its distribution of insurance claim payments to heirs of victims of the Holocaust. In a letter to ICHEIC, …

Home Repair Firms Face N.Y. Enforcement Actions

In an effort to protect New Yorkers from unscrupulous home improvement contractors, Attorney General Eliot Spitzer announced a series of enforcement actions and educational forums for consumers. “Home improvement fraud leaves consumers with empty wallets and ruined dreams,” Spitzer said. …

Progressive Posts Strong May Figures

Mayfield Village, Ohio-based vehicle insurer Progressive Corp. against posted strong monthly results, reporting double-digit percentage increases in net premiums written and earned as well as net income for May 2004 when compared with a year ago. The company, which says …

Conn. Issues Reminder on Policies for Military

The Connecticut Insurance Department has reminded automobile insurers that they may not deny reinstatement, refuse to write, or raise premium rates for members of the Armed Forces returning from active duty. At the urging of the National Association of Professional …

S&P Report Highlights Threat of Silica Claims

Standard & Poor’s announced that it is “keeping a close eye on developments” in the area of silica exposure, as they “could produce the kinds of litigation and insurance problems that asbestos has.” “The parallels to asbestos are of concern …

ACE Select Markets Gives “Top Ten” Disaster Protection Tips for Homeowners

ACE Select Markets has published a list of its “Top Ten Tips” for homeowners on what to do to prevent and/or mitigate the consequences when a natural disaster strikes. “Devastating floods in the United States cause more than $2 billion …

S&P Reports on P/C Commercial Lines Insurers; Raises Outlook to Stable

Standard & Poor’s Ratings Services announced that it has revised its outlook on the U.S. commercial-lines insurance industry to stable from negative “based on the delicate balance now in play between the positive effect of strong earnings and the perpetual …