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

Ill. ‘Surrogate’ Mom to Visit Jail for 6 Months; Insurance Fraud Among the Charges

Illinois Attorney General Lisa Madigan announced a McHenry County woman has been sentenced to 180 days in the Sangamon County Jail after pleading guilty to charges related to an agreement she made to be a surrogate mother for a Springfield …

Florida Gov., Cabinet Impose Deadlines for Companies to Handle Claims

Gov. Jeb Bush and members of Florida’s Cabinet on Tuesday approved an emergency rule placing deadlines for insurance companies to assess, process and settle hurricane claims. Florida’s Chief Financial Officer Tom Gallagher, who serves as a member of the state …

Infinity Notes Rise in Net Earnings From Q3 2003

Alabama-based Infinity Property and Casualty Corp., a provider of personal automobile insurance with an emphasis on nonstandard auto insurance, reported that net earnings for the third quarter of 2004 were $23.0 million or $1.10 per share, on a fully diluted …

Officials Note Importance of Protecting Homes from Future Flood Damage

After the flooding wrath of Tropical Depression Ivan, New York and federal officials are encouraging disaster victims to take measures to prevent the same type of damage from happening in the future. There are simple, inexpensive ways to prevent or …

State Auto Financial Unveils Q3 Report

Ohio-based State Auto Financial Corp. reported third quarter net income of $5.0 million, or $0.12 per diluted share, versus $15.6 million or $0.38 per diluted share for the same period in 2003. Net operating earnings(a) per share were $0.12 diluted, …

Surface Tech, Alloy Wheel Repair Specialists Partner

Surface Tech Inc. announced that it has now combined its wheel repair operations with Alloy Wheel Repair Specialists of Georgia, formerly the largest licensee of its patented wheel repair technology. This brings the total number of mobile repair units providing …

French Asbestos Verdict Compensates Miners

A French administrative court under the jurisdiction of the national health service has ordered the owners of an abandoned asbestos mine in Corsica to pay compensation to 13 former miners and their families as a result of asbestos related diseases …

S&P Affirms Alliance Re ‘BBB’ Ratings

Standard & Poor’s Ratings Services announced that it has affirmed its “BBB” long-term counterparty credit and insurer financial strength ratings on Cyprus-based reinsurer Alliance International Reinsurance Co. Ltd. All of the ratings have also been removed from CreditWatch, where they …

Okla. Boat Broker Sunk After Guilty Fraud Plea

An Oklahoma City man will reportedly pay more than $82,000 consumer restitution after pleading guilty to fraud in Oklahoma County District Court, Attorney General Drew Edmondson said. Zachary A. Bandy pled guilty to five counts of violating the Oklahoma Consumer …

La. Woman’s Reported Run-In with a Tree Leaves Her Hanging with Fraud Conviction

It took a jury less than one hour to convict Barbara Gant of Slaughter, Louisiana of one count of insurance fraud, Attorney General Charles C. Foti, Jr. announced. Assistant Attorney General Julie Collins with the Insurance Fraud Support Unit of …