Standard & Poor’s Ratings Services has issued a prelimlinary report on the series of hurricanes, notably Frances and Charley, which have struck the U.S. S&P indicated: “Although it’s still too early to establish a definitive view of the overall magnitude …
A new Web site, with the provocative name of “InsuranceGripe.com,” has been launched to help consumers complain to their respective insurance departments about an insurance related problem. “The site was created specifically to walk consumers through the process of collecting …
Hurricane Ivan continued its destructive path through the Southeastern Caribbean yesterday, pummeling Grenada, Barbados and Tobago with 120 mph (195km/hr) winds before moving back over open water. No deaths have so far been reported, but property damage has been severe …
Dallas-based Cunningham Lindsey U.S. Inc. (CLUS) announced that in the wake of historic dual hurricanes in Florida, it has mobilized additional experienced claims professionals, supervisors and support staff into the impacted storm areas in that state. Catastrophe team members were …
Following an extensive investigation by Ohio Attorney General Jim Petro’s Health Care Fraud Section and other state and local agencies, a Warren County physician pleaded guilty to Medicaid fraud. Dr. Kyle Howard, 58, pleaded guilty to one count of Medicaid …
The American Insurance Association (AIA) has praised a ruling last week by Ohio’s Eighth District Court of Appeals (Cuyahoga County) that temporarily allows the nation’s first statewide law creating objective medical criteria for asbestos litigation (HB 292) to take effect. …
Federal disaster aid for people victimized by Hurricane Frances has been extended to include the counties of Alachua, Clay, Duval, Flagler, Hendry, Putnam, Seminole, St. Johns and Volusia, the head of the U.S. Department of Homeland Security’s Federal Emergency Management …
Unleashing the largest catastrophe response effort in the company’s 67-year history, the Progressive group of insurance companies is deploying about 500 claims representatives throughout Florida to assist customers with cars, RVs, boats and motorcycles damaged by Hurricane Frances. The week …
Florida Gov. Jeb Bush announced that President Bush has ordered the release of federal disaster funds and emergency resources to aid people affected by Hurricane Frances. The declaration makes federal and state assistance available to individuals, families and local governments. …
Alabama-based Vesta Insurance Group Inc. announced that its Florida Select subsidiary expects to incur losses between $5.0 and $10.0 million, net of reinsurance, from Hurricane Frances. In addition, the company has affirmed its loss estimate from Hurricane Charley and continues …