Bermuda-based AXIS Capital Holdings Limited estimated that the net after-tax impact relating to its exposure to Hurricane Charley would be between $60 and $80 million. President and CEO John Charman commented: “Our estimate is based upon the output of industry …
The Defense Research Institute, which groups some 22,000 defense lawyers, announced two upcoming conferences in Australia focused on the threat “frivolous lawsuits” may pose outside the U.S. The DRI noted that there are “growing fears that the frivolous lawsuits plaguing …
As Anthem Inc. and California Insurance Commissioner John Garamendi continue their legal tug of war, Garamendi released a statement on Wednesday on the proposed WellPoint/Anthem merger. “Executives at Anthem Inc. claim in their lawsuit that it is wrong for me …
Colorado Attorney General Ken Salazar’s office has filed criminal charges against a Denver insurance agent doing business in Englewood in connection with the alleged issuance of fraudulent auto and workers’ compensation insurance coverage documents (People v. John D. Reppert, Case …
Disaster Kleenup International Inc., a network of quality, independent property damage restoration contractors, announced that for the third year in a row it has been named the remodeling industry’s top contracting company based on revenues by Qualified Remodeler magazine. In …
Florida Attorney General Charlie Crist announced price gouging charges against a Jacksonville man accused of charging 10 times the going rate to cut trees felled by Hurricane Charley in Volusia County. The Attorney General’s Office filed a price gouging complaint …
Pennsylvania-based MedRisk Inc., which provides specialty managed care and claims workflow management services to the workers’ compensation industry, announced plans to move its corporate headquarters to a larger space. In addition, the company reported that Thomas H. Weir, III, CPA …
Florida Gov. Jeb Bush has announced the activation of Florida’s Small Business Emergency ‘Bridge Loan’ Program to provide emergency, short-term loans to businesses located in counties most severely impacted by Hurricane Charley. Applications are currently available in Charlotte and Lee …
The Board of Directors of the Louisiana Workers’ Compensation Corporation (LWCC) announced the promotion of Kristin Wall to the position of president and chief operating officer. Wall was previously executive vice president and COO. Steve Cavanaugh remains chief executive officer …
Texas Mutual Insurance Company announced it has awarded the CompGroup AGC workers’ compensation purchasing group with $1,430,035 of group dividends. Texas Mutual President Russ Oliver attended the dividend presentation at the CompGroup AGC’s Austin headquarters. The group will deliver the …