Arkansas Attorney General Mike Beebe announced that his office has reached a settlement with Advocat Inc. of Franklin, Tenn., operating in Arkansas as Diversicare Management Services, to resolve a series of lawsuits and investigations concerning allegations of mistreatment and neglect …
The impeachment trial of Oklahoma Insurance Commissioner Carroll Fisher in the State Senate is set to begin Sept. 27, 2004, earlier than previously expected. Meeting Sept. 14 to lay the groundwork for the trial, senators decided on the Sept. 27 …
The Ohio Bureau of Workers’ Compensation (BWC) announced a Cleveland man has been sentenced for workers’ compensation fraud. Jose Santiago was sentenced to three years probation and ordered to pay restitution in the amount of $5,003.08 to BWC. The BWC’s …
California-based ADP Claims Services Group, a provider of information services for the insurance, collision repair and automotive recycling industries, announced it will add a new source of sold-vehicle information to Autosource, a database of “for sale” vehicles. The daily updates …
A study, commissioned by the American Insurance Association, Financial Services Roundtable, National Association of Mutual Insurance Companies, National Council on Compensation Insurance, Property Casualty Insurers Association of America and the Reinsurance Association of America, has conclded that a two-year extension …
Oakland, Calif.-based catastrophe modeler EQECAT Inc. estimates that insured losses from Hurricane Ivan could range from about $6 billion to about $20 billion, “depending upon the exact landfall location, the track of the storm after landfall, and the intensity as …
A.M. Best Co. announced that it has affirmed the financial strength ratings of “A” (Excellent) of Swiss-based Zurich Financial Services Group (ZFS) and its core subsidiaries. It has also assigned an issuer credit rating (ICR) of “a” to each of …
Bermuda-based White Mountains Insurance Group, Ltd. announced that preliminary estimates indicate that its total pre-tax net losses resulting from the impact of Hurricane Frances on its insurance and reinsurance operations will be less than $40 million. The company said: “These …
New York Attorney General Eliot Spitzer announced that a Queens dentist has admitted to defrauding the Medicaid program while working at various dental offices in the New York City-Long Island area. The dentist, Edward Levy, 42, of Forest Hills, pleaded …
Maryland Insurance Commissioner Alfred W. Redmer, Jr. has approved a 33 percent medical malpractice rate increase for Medical Mutual Liability Insurance Society of Maryland and its subsidiary, Professionals Advocate Insurance Company. The insurers had sought a 41 percent increase. “I …