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

Dayton Man Guilty on Comp Fraud Charges

The Ohio Bureau of Workers’ Compensation (BWC) announced a Dayton man has pled guilty to workers’ compensation fraud. Philmore Farmer is scheduled for sentencing on Oct. 29 in the Franklin County Court of Common Pleas. It is estimated that the …

Alabama Gov. Riley Requests Federal Disaster Declaration as Ivan Hits

Alabama Gov. Bob Riley announced during a news conference at the Alabama Emergency Operations Center on Wednesday he has requested President Bush declare 44 counties federal disaster areas due to Hurricane Ivan. “We are facing a serious storm that is …

Texas Sunset Advisory Commission Recommends Dismantling TWCC

The Texas Sunset Advisory Commission thinks the Texas Workers’ Compensation Commission should be abolished. At a Sept. 15 meeting, the committee recommended that TWCC’s current structure should be dismantled and proposed shifting many of its responsibilities to the Texas Department …

Aftermath of Ivan: Hundreds of Thousands Without Power, Heavy Rains Continue

Hurricane Ivan slammed ashore in Gulf Shores, Ala., early Thursday with winds of 130 mph, packing deadly tornadoes and a powerful punch of waves and rain that threatened to swamp communities from Louisiana to the Florida Panhandle. Forecasters said the …

Jeanne Following Familiar Caribbean Path

While her big brother Ivan terrorizes the U.S. Gulf Coast (see related articles), little sister Jeanne has remained an active tropical storm, but could become the season’s next hurricane. Jeanne, the 10th named storm of the season, is currently located …

Best Reviewing Cayman Islands Insurers’ Ratings

A.M. Best Co. announced that it has placed the financial strength ratings of “A-” (Excellent) of Island Heritage Insurance Company Ltd., British Caymanian Insurance Company Ltd., and Cayman General Insurance Company Ltd., under review with negative implications. All companies are …

Lessons Learned From Hurricanes Passed on to Owners Set to Rebuild

State and federal disaster recovery officials are urging owners who are rebuilding after hurricanes Charley and Frances to consider taking steps now to minimize damage in future storms. “There is no better time than when rebuilding to incorporate construction changes …

Lawsuit Looks to Gain Restitution Order Against Unlicensed N.Y. Car Dealer

New York Attorney General Eliot Spitzer announced that his office has obtained a restraining order against two operators of an unlicensed used car dealership that reportedly duped consumers into buying vehicles that were in some instances unsafe for the roads. …

S&P Affirms Cincinnati Insurance and Subsidiaries, But Retains Negative Outlook

Standard & Poor’s Ratings Services affirmed its “AA-” counterparty credit and financial strength ratings on Cincinnati Insurance Co., Cincinnati Casualty Co. and Cincinnati Indemnity Co. (CIC). At the same time, Standard & Poor’s affirmed its “A” counterparty credit and senior …

Insurers Report ‘Encouraging’ Progress in Crackdown on Auto Claim Fraud in N.Y.

The fight against insurance fraud in New York is producing encouraging results as the cost of the average auto injury claim under the state’s no-fault insurance system declined by 20 percent between 2002 and 2003, according to the New York …