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

MedLearn, Appeal Solutions Partner to Address Insurance Claim Denials

Medical Learning Inc., (MedLearn) and Appeal Solutions Inc., have reached an agreement to jointly address the growing issue of medical claim denials by insurance carriers. Effective immediately, MedLearn will offer medical facilities an electronic compilation of appeal letter templates, developed …

Best Assigns Mitsui Sumitomo U.S. ‘A+’ Rating

A.M. Best Co. announced that it has assigned a financial strength rating of “A+” (Superior) to the Warren N.J.-Based Mitsui Sumitomo Insurance Group (MSIG) with a stable outlook. Best noted that MSIG was formed on January 1, 2003, as a …

S&P Affirms AMP Subsidiary Ratings, Ups Outlook

Standard & Poor’s Ratings Services announced that it has revised the ratings outlook on Australia’s AMP Life Ltd., AMP Group Holdings Ltd., and AMP Bank Ltd. to positive from stable, and affirmed the insurer financial strength and counterparty credit ratings …

PCI: Mich. Scoring Ban Out of Step With Other States

Michigan Gov. Jennifer Granholm’s proposal to ban the use of credit-based insurance scores for automobile and homeowners insurance is out of step with the 20 states that have adopted a variation of the model law developed by the National Conference …

Anti-Fax Law Exemption Bill Passes House Committee

Federal legislation that would exempt existing business relationships from anti-fax laws, including existing agent-client relationships, has advanced in the House and has been introduced in the Senate said the Independent Insurance Agents & Brokers of America. Introduced by Rep. Fred …

ACIC Disappointed in Calif. Supreme Court Action

The Association of California Insurance Companies (ACIC) expressed disappointment Monday in the decision by the California Supreme Court not to review a key case related to insurance rate regulation in the state. The Court decided not to accept the petition …

VeriFacts Automotive to Utilize CSi Complete Market Research for Customer Base

VeriFacts Automotive announced that it would utilize CSi Complete market research services to measure satisfaction on an expanding customer base. “Since VeriFacts is in the business of coaching, training and measuring quality and process improvement at the repair facility level, …

N.J. Commissioner: Auto Insurance Market Recovering; Drivers Reap Benefits

New Jersey Banking and Insurance Commissioner Holly Bakke predicted recently that positive financial results for a majority of companies in the auto insurance marketplace will continue to produce returns for New Jersey drivers in the form of more special dividends …

Conn. Special Session Misses Opportunity to Override Med-Mal Veto

The Connecticut General Assembly, which reconvened this week for a special session, did not consider an override of the governor’s veto of a medical malpractice reform bill, which is now officially dead. “We’re pleased with the outcome, since H.B. 5669 …

Safety Efforts Lead to Dividend From Texas Mutual

Texas Mutual Insurance Company reported that is has awarded the Emergency Service Organization (ESO) workers’ compensation purchasing group with $92,762 of group dividends. The group dividends are separate from any general Texas Mutual dividend that ESO members may receive. “We’re …