The number of paid workers’ compensation claims fell 15 percent relative to the number of employees from 2000 to 2002, according to a newly released Workers’ Compensation System Report from the Minnesota Department of Labor and Industry (DLI). However, the …
The Medical Society of New Jersey has filed a lawsuit to block the merger of Oxford Health Plans (NJ), Inc. and UnitedHealthcare Inc., claiming it would create a health care monopoly that would not benefit consumers. The filing of the …
Bermuda-based Quanta Capital Holdings Ltd., a company that provides specialty insurance, reinsurance, and risk consulting services through its affiliated companies, announced that its net income for the second quarter of 2004 was $1.8 million, or $0.03 per diluted share. This …
Open Source Risk Management (OSRM), a provider of Open Source risk mitigation and management solutions, announced that there are 283 issued, but not yet court-validated, software patents that could be used in patent claims against Linux. The results of OSRM’s …
Ralph Primo, 51, of Santa Monica, Calif., a licensed life insurance agent, plead no contest to one felony count of forgery recently. Primo was sentenced to three years formal probation and community service. The court also ordered Primo to pay …
A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of Seattle-based Safeco Insurance Companies. Concurrently, A.M. Best has also affirmed the “bbb+” rating on Safeco’s existing senior debt and the “bbb” rating on its capital securities. Additionally, …
The employer of two workers killed and at least three who were injured last month in a construction accident on a Hobe Sound work site has been ordered to cease all business operations in Florida. The order was issued after …
Although the Illinois Legislature just wrapped up the longest overtime in state history, several bills critical to the insurance industry fell by the wayside due to reported ongoing political wrangling and the overshadowing state budget. “Lawmakers couldn’t get it together …
A Bridgeport, Conn., company that engages in the nationwide distribution of heavy steel beams has been cited by the U.S. Labor Department’s Occupational Safety and Health Administration (OSHA) for allegedly exposing employees to multiple workplace hazards. Bushwick Metals Inc., of …
Nevada Attorney General Brian Sandoval announced that Timothy Lockwood, 50, of Reno was sentenced after pleading guilty to felony insurance fraud before Judge Brent Adams in the Washoe County District Courthouse. Lockwood, a past officer of The Children’s Community Chest …