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

Former Fla. Car Dealer to Pay Restitution

The former owner of a Milton, Florida automotive dealership has entered a plea of no contest to racketeering and organized fraud and has been ordered to begin making deposits of $5,000 a month into an escrow account that will be …

Ohio Gov. Inks Bills

Ohio Gov. Bob Taft last week signed the following bills, which will be filed with the Secretary of State’s office. Substitute House Bill 183 , sponsored by state Representative David Daniels (R-Greenfield), amends the Ohio Revised Code to register professional …

ABRA Notes Management Reorganization

ABRA Auto Body & Glass, a damaged vehicle repair company based in Minneapolis, announced the reorganization of its executive management team. According to Rollie Benjamin, president and CEO of ABRA, “This change is a natural response to the growth in …

Caliber Collision Centers Appoints Parker

Caliber Collision Centers, an operator of collision repair facilities in California and Texas, has named Tresa Parker as its Director of Client Services for Texas Operations, a new position designed to help strengthen new and existing relationships with insurance clients …

N.J. Agent Sentenced to 4 Years in State Pen

New Jersey Attorney General Peter Harvey announced that a Camden County insurance agent has been sentenced to state prison for reportedly stealing more than $429,000 as part of a complex insurance fraud and investment scheme in which he convinced family …

Ohio BWC Reports Paid Medical Costs for WC Claims Lower Than Expected

The Ohio Bureau of Workers’ Compensation (BWC) announced this week paid medical costs for workers’ compensation claims were 8.5 percent, or nearly $80 million lower, than expected medical costs for fiscal year 2004. The reduced costs are the result of …

PIANJ Hails Court Ruling on Agent E&O

The Professional Insurance Agents of New Jersey Inc. said a decision rendered last week by the Supreme Court of New Jersey in the case of President vs. Jenkins is a victory for all agents because it maintains the current standard …

Visitors to U.S. Offered Health Coverage

Florida-based XN Financial Services announced that it will offer health insurance products and services to foreign nationals traveling in the U.S. through RCM&D, an Assurex Partner located in Baltimore, Maryland. The “Visitors From Abroad” program is “designed to benefit individuals …

ACE European Group Predicts More Alternative Risk Financing Over Next Five Years

Research amongst European and U.S. Risk Managers concludes that within the next five years over half will be using alternative risk financing as a key part of their risk programs, according to ACE European Group. “This apparent trend has emerged …

Best Affirms Markel International ‘A-‘ Rating

A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) of Markel International Insurance Company Ltd. (MIICL) (United Kingdom) and reaffirmed a stable outlook. “The rating reflects MIICL’s strategic importance to its parent, increased pressure …