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

Floridian Charged with Filing False Claim

A Pasco County, Florida man is charged with insurance fraud, grand theft and filing a false police report after he reportedly told investigators that he was mistaken when he reported a car and household belongings stolen when they had been …

Ohio Residents Reminded of Flood Insurance

It happens every year. All over America, flooding repeats itself and thousands suffer major damage to their homes. And then many of the victims find out they aren’t insured. In Ohio, flooding is reportedly the most likely disaster residents will …

Fla. CFO Warns Adjusters Against Discouraging Consumers from Filing a Complaint with DFS

Responding to a few complaints that some insurance company adjusters may reportedly be discouraging consumers from contacting the Department of Financial Services for help with a complaint or with filing a hurricane claim, Florida’s Chief Financial Officer Tom Gallagher has …

AHIP Survey Sees Worker Challenges in Disabilities

America’s Health Insurance Plans (AHIP) released results from a nationwide survey of full-time employees conducted in August 2004 by Ayres, McHenry and Associates. The survey finds public understanding at odds with the most recent data about the likelihood of a …

Allstate Offering Identity Theft Expenses Coverage for N.Y. Customers as Optional Add-On

The holiday shopping season is under way. Consumers are online, in the store, and on the phone making purchases. With every non-cash transaction, they could be exposing personal information for the taking. When it’s taken, it may result in identity …

Nearly $1.6 Million Approved for Va. Jeanne Recovery

Federal and state disaster officials announced that almost $1.6 million in assistance grants and loans has been approved for Virginia victims of Tropical Depression Jeanne since the Oct. 18 presidential declaration. Here is a summary of activities for the period …

Insurers Oppose Broadening R.I. Inspection Liability

The Property Casualty Insurers Association of America (PCI) filed a motion for permission to file an amicus brief with the Rhode Island District Court to challenge the potential expansion of the state’s statute dealing with an insurer’s inspection immunity. “This …

Mass. Malpractice Frequency Down But Payouts Way Up

The number of medical malpractice payments made by Massachusetts doctors peaked in 2001 and has begun to gradually decline, while the average size of those payments continues to soar, according to a new government report. From 1994 to 2001 the …

Vesta Insurance Has $53.8 Million Q3 Loss

Alabama-based Vesta Insurance Group Inc. (NYSE:VTA) announced its third-quarter earnings indicate $53.8 million operating losses for the third quarter. The release of information about its earnings was delayed last week after what the company described as “an adverse jury decision.” …

Best Affirms ACE New Zealand ‘A’ Rating

A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) of ACE Insurance Limited (ACENZ) (New Zealand) with a stable outlook. “The rating reflects ACENZ’s good operating performance, high liquidity and conservative investment strategy,” Best …