According to Fitch Ratings, Hurricane Charley will represent only a material loss to the insurance industry because of the relatively wide range ($5 billion – $10 billion) of insurance loss estimates could be revised significantly once actual storm parameters are …
After a week of watching the skies and bracing for yet another round of severe weather, the insurance industry estimates the hailstorms that battered communities from the Northeastern Plains down through Southern Colorado have so far resulted in more than …
California-based PAULA Financial announced net income for the second quarter of 2004 of $215,000, a 90 percent increase over net income of $113,000 for the 2003 period. Net income for the six months ended June 30, 2004 also increased almost …
The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) is urging employers and workers to take appropriate safety measures to avoid injury and illnesses associated with the recovery and cleanup efforts following hurricanes. The potential for fatal accidents …
Doctors for Medical Liability Reform (DMLR), a coalition of more than 230,000 specialty physicians working to ending medical lawsuit abuse, said Erskine Bowles, Democratic candidate for John Edwards’ open U.S. Senate seat in North Carolina, has refused to sign the …
Oregon Gov. Ted Kulongoski has asked Brenda Rocklin to step in as interim president and CEO of SAIF, Oregon’s publicly-owned workers’ compensation company. Rocklin has served as the director of the Oregon State Lottery since January 2003. “For months now, …
The Ohio Bureau of Workers’ Compensation’s (BWC’s) special investigations department concluded fiscal year 2004 by exceeding its goals for both identified savings and return on expenditures. A record 3,689 closed investigations identified a record $126 million in savings. These savings …
A Billerica, Massachusetts man pleaded guilty on charges he collected $50,000 in workers’ compensation benefits while working as a self-employed painter and carpenter, Attorney General Tom Reilly announced. David Bruce Perry, 48, was sentenced in Suffolk County Superior Court after …
New Jersey Division of Criminal Justice Director Vaughn McKoy announced that the Division of Criminal Justice – Office of Insurance Fraud Prosecutor has obtained two separate indictments charging two New Jersey men with forgery for allegedly issuing phony certificates of …
Florida-based 21st Century Holding Co. has reported losses for Hurricane Charley. Edward (Ted) Lawson, president & chairman of the Board, commented about Federated National Insurance Company, a subsidiary of 21st Century, noting, “First and foremost we would like to assure …