Five Florida physicians will receive the 2004 Florida CHOICE Awards for Workers’ Compensation this evening (Aug. 23). The awards are being presented at a reception at the Orlando World Center Marriott in Orlando, during the 59th Annual Workers’ Compensation Educational …
Wisconsin Attorney General Peg Lautenschlager announced that an Oneida County woman was convicted of fraud and sentenced by Judge Steven Ebert in Dane County Circuit Court. Barbara Bergman, 64, of Rhinelander, pled no contest to one count of fraud. Bergman …
Cincinnati Financial Corp. announced a preliminary estimate of approximately $25 million for pretax catastrophe losses resulting from Hurricane Charley. This figure represents the estimated losses from the fewer than 1,000 claims received through Aug. 21, as well as claims that …
Nationwide Mutual Insurance Co. has received more than 22,000 claims in the past week for damages from Hurricane Charley. Overall, Nationwide estimates it will receive more than 50,000 claims and losses approaching $400 million. “Policyholders have reported almost 800 large …
National Union Fire Insurance Company of Pittsburgh, Pa., a member company of American International Group, Inc. (AIG), has launched a new product designed to address the professional liability exposures of consultants in a variety of industries. The Consultants Preferred Professional …
New Jersey Division of Criminal Justice Director Vaughn McKoy announced that a former Atlantic County chiropractor has been sentenced to prison for attempting to obtain more than $24,000 in insurance money by submitting fraudulent disability claims. According to Insurance Fraud …
OneBeacon Professional Partners, a division of OneBeacon Insurance Group, announced the addition of Cameron Stracher as Of Counsel to its Media Liability products group. Stracher’s services to OneBeacon Professional Partners will include handling media-liability claim activity, supervising outside counsel, and …
The Texas Department of Insurance will hold hearings on property/casualty insurance matters—Texas Windstorm Insurance Association (TWIA) rates and new “file and use” regulations—on Sept. 8 and 9, 2004. On Sept. 8, the hearing concerns Docket No. 2594: Consideration of the …
RenaissanceRe Holdings Ltd., Bermuda’s premier property reinsurer, issued a statement indicating that, based on initial loss reports, Hurricane Charley will negatively impact the Company’s third quarter earnings by an amount ranging from $100 to $140 million. “The hurricane affected various …
Bermuda-based Endurance Specialty Holdings Ltd. reported estimated that losses from Hurricane Charley would impact the company’s third quarter earnings, after-taxes, in the $43 to $48 million range. Chairman and CEO Kenneth LeStrange stated: “Endurance’s Hurricane Charley loss estimate was derived …