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

Pecoraro Sentenced in La. for Fraud Conspiracy

A man who was on the lam for 11 years from Louisiana’s 1990s insurance scandals was sentenced on Aug. 18, 2004 to less than two years in prison, the Associated Press reported. Nofio Pecoraro Jr., 54, pleaded guilty in April …

ACIC Urges Gov. Schwarzenegger to Sign Three Post-Fire Bills Involving 2003 Tragedies

The Association of California Insurance Companies (ACIC) is urging Gov. Arnold Schwarzenegger to sign into law three significant bills that respond to issues raised following last year’s Southern California wildfires. All three bills received final legislative approval within the last …

Disaster Aid Made Available to Agencies in Pair of Kan. Counties Following Storms

Local governments in two additional Kansas counties are now eligible to apply for reimbursements for losses or costs resulting from severe storms, tornadoes and flooding that affected the state from mid-June to mid-July, federal and state recovery officials said on …

Fla. CFO, Insurance Executives See Charley’s Wrath During Tour of Storm-Damaged Areas

Punta Gorda – Florida’s Chief Financial Officer Tom Gallagher on Thursday took executives from several major insurance companies on aerial and ground tours of areas devastated by Hurricane Charley. Gallagher organized the visit so that executives charged with quickly paying …

Downey (Calif.) Regional Medical Center Forks Over $2.22 Million to Settle Medicare Allegations

California-based Downey Regional Medical Center (DRMC), a 200-bed hospital, has paid the United States more than $2.2 million to resolve allegations that the hospital submitted false claims to Medicare, the taxpayer-funded health care insurance program for many of the nation’s …

NICB: Fla. Hurricane Victims Beware

Victims of Hurricane Charley in Florida may be the target of unscrupulous contractors and others who prey on people who are beginning to rebuild their homes and businesses, warns the National Insurance Crime Bureau (NICB). After a devastating natural disaster, …

Mo. A.G. Nails Home Remodeling Firm

Missouri Attorney General Jay Nixon is suing the owners of a home remodeling firm that reportedly took hundreds of thousands of dollars from homeowners in St. Charles and St. Louis counties but did shoddy work or no work at all. …

The Midland Co. Expects Minimal Charley Loss

The Midland Company, an Ohio-based provider of specialty insurance products and services, announced its losses to date from Hurricane Charley. “Widespread power outages and the fact that many residents spend less time in Florida during the summer months may have …

IRC: Auto Injury Victims Hiring an Attorney Less Likely to Be Satisfied with Total Payment

A new study by the Insurance Research Council (IRC) reportedly finds that people injured in an auto accident who hire an attorney are less likely to be satisfied with their total payment than injured people who do not hire an …

R.I. Court Holds Nightclub Owners Personally Liable

The Rhode Island Workers Compensation Court has ruled that the owners of The Station nightclub can be held personally liable for their failure to obtain required workers’ compensation coverage. The ruling means that the brothers’ personal assets can be tapped …