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

Incident Period Extended for Ohio Assistance

The head of the U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) announced that the incident period of the federal disaster declaration for 15 counties for the recent severe storms and flooding in eastern Ohio has been moved …

Time Almost Up to Register for BWC Initiative

Time is winding down for Ohio employers that want to save money on their workers’ compensation premiums. The Ohio Bureau of Workers’ Compensation (BWC) is partnering with Ohio’s Safety Councils to offer employers that join their local Council an opportunity …

RMS Unveils Global Terrorism Risk Model

Responding to increases in the frequency and severity of global terrorist activity in each of the past three years, Risk Management Solutions (RMS), a provider of products and services for the management of catastrophe risk, announced the launch of a …

Best Places Olympus Re Ratings Under Review

A.M. Best Co. announced that it has placed the financial strength rating of “A-” (Excellent) of Bermuda-based Olympus Reinsurance Company Ltd. under review with negative implications. Best said it had taken the rating action “based on a projected deterioration in …

Haitian Flood Deaths over 1,000; Bahamas on Alert as Jeanne Nears; Ivan Poses New Threat

As the floods caused by Tropical Storm Jeanne slowly recede, Haitians are discovering even more devastation and loss of life. More than 1,000 persons have died in the northern city of Gonaives, and another 1,200 are still missing. Authorities fear …

Calif. Husband, Wife Fingered for Insurance and Workers’ Comp Fraud

Modesto, California residents Dr. Kyon Maung Teo, D.D.S., 42, and his wife, Kin Thor Pang, 33, were arrested this week as part of a sweep conducted from Sacramento to San Diego to apprehend 21 people suspected of defrauding the state’s …

Pa. Man Pleads Guilty in N.J. Court to Participation in Motor Vehicle Accident Scheme

New Jersey’s Division of Criminal Justice – Office of Insurance Fraud Prosecutor announced that a Pennsylvania man has pleaded guilty to charges of conspiracy and Health Care Claims Fraud for his role in arranging a fake “jump in” motor vehicle …

N.H. Insurers Seek 2.5% Comp Rate Hike

Workers’ compensation writers in New Hampshire want an average 2.5 percent hike for voluntary market advisory loss costs and a 12.7 percent average increase for residual market premiums, according to the most recent filing from the National Council on Compensation …

Maine Uncovers Bogus Hartford Casualty Operation

Maine officials have warned consumers and industry professionals about a scam involving an unlicensed company using a name and logo similar to those of The Hartford, the well-known insurer, and one of its duly licensed subsidiaries. Superintendent of Insurance Alessandro …

U.S. Human Services Chief Thompson Hopes ‘Early Offers’ Pilot Will Reduce Medical Error Litigation

Health and Human Services (HHS) Secretary Tommy G. Thompson has announced an “Early Offers” pilot program aimed at encouraging settlements of patients claiming to have been injured by medical mistakes. HHS hopes the program will help control health care costs …