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

N.J. Investigation Targets Fake Police Reports, Claims; 39 People Hit with Indictments

New Jersey Attorney General Peter Harvey announced that the Division of Criminal Justice – Office of Insurance Fraud Prosecutor has obtained criminal indictments against 39 individuals from the Essex County area on charges they participated in an extensive insurance fraud …

Pa. Ag Department Aiding Farmers Following Ivan

On behalf of Pennsylvania Gov. Edward Rendell, Agriculture Secretary Dennis Wolff has shared helpful information with farmers affected by the remnants of Hurricane Ivan. The Governor requested federal funding for the state’s farmers through U.S. Department of Agriculture Secretary Ann …

RMS Estimates $4 to $8 Billion Insured Losses from Hurricane Jeanne

Risk Management Solutions (RMS) estimates insured losses from Hurricane Jeanne will be between $4 to $8 billion, based on an assessment of the hurricane’s characteristics at the time of landfall and its projected path. Jeanne made landfall just before midnight …

$4.4 Billion Claims Expected for Hurricane Frances

Homeowners and businesses are expected to file claims totaling an estimated $4.4 billion for insured property losses from Hurricane Frances, according to a preliminary estimate by ISO’s Property Claim Services (PCS) unit. Hurricane Frances made landfall between West Palm Beach …

Fisher Says Resignation Was ‘In the Best Interest’ of Family and Oklahoma

Former Oklahoma Insurance Commissioner Carroll Fisher issued the following statement after resigning from his post: “For the last six years, it has been my honor and privilege to serve the people of Oklahoma as insurance commissioner. “It has been a …

ProcessClaims Touted by Deloitte Program

California-based ProcessClaims Inc., a provider of business process solutions designed to boost productivity and enhance customer service for property and casualty claims processing, has been named a Rising Star in Deloitte’s Technology Fast 50 program. The program is a special …

Hurricane Jeanne Tears Fresh Path of Destruction Through Florida

Hurricane Jeanne, the fourth major hurricane in six weeks, shut down much of Florida and prompted recovery plans on a scale never before seen in the nation. At least six people died in the storm, which plowed across Florida’s midsection …

PCI, AIA Work with Safety Orgs. to Develop Exam for Loss Control Professionals

The Property Casualty Insurers Association of America and the American Insurance Association have worked been working together, along with professional safety organizations to “define and design a new test of skills needed to provide quality insurance loss control services on …

Swiss Re Estimates Hurricane Ivan, Typhoon Songda Claims Around $300 Million

Swiss Re announced that, based on current estimates, it expects its claims related to Hurricane Ivan and Typhoon Songda to be approximately $300 million before tax. The bulletin noted that these estimates are in addition to the estimated $290 million …

Lloyd’s Continues Push for Business Process Reform

Anyone who has ever visited Lloyd’s ultra-modern headquarters building on London’s Lime Street is struck by an odd anomaly. Despite the fact that every underwriter’s desk duly sports the obligatory computer screen, clerks, brokers and underwriters are still deluged with …