Coalition America Inc. (CAI), a provider in medical claim savings, and WLT Software of Florida, an international provider in providing software for employee benefits, managed care, workers’ compensation, and claims editing, announced a new integrated product called “The EDI Connector.” …
Ohio-based Nationwide Mutual Insurance Company and its P/C affiliates have issued an estimate of the losses and loss adjustment expenses from Hurricanes Charley, Frances, Ivan, and Jeanne of approximately $850 million on a pre-tax basis ($550 million on a post-tax …
After a very rough 2003, East Lansing, Mich.-based medical liability insurer American Physicians Capital Inc. seems to have righted the ship and is finally showing a profit, albeit small. The company reported net income of $4.5 million, or 52 cents …
Chicago-based commercial insurer CNA‘s woes continue as the company announced a net loss of $28 million for the third quarter, thanks in part to $174 million in losses due to the quadruple kick to the pants delivered by Hurricanes Charley, …
A disaster-restoration firm that has applied for membership in the Naperville, Ill.-based Independent Mitigation and Cleaning/Conservation network was featured on a recent episode ABC TV’s “Extreme Makeover: Home Edition.” Southfield, Mich.-based Statewide Disaster Restoration Inc. was featured on the two-hour …
Standard & Poor’s Ratings Services announced that it has assigned its “BBB/A-2” counterparty credit and financial strength ratings to GuaranteedWeather Re Ltd. with a stable outlook. “The ratings on GuaranteedWeather Re reflect its very strong risk control, very strong market …
Germany’s Allianz AG continued to post significant profit increases. In its recently released 9-month report the German giant noted that net income for the period more than doubled to $1.8 billion euros ($2.33 billion), compared to 732 million ($946.5 million) …
The rate of serious medical errors committed by first-year doctors in training in two intensive care units (ICUs) at a Boston hospital fell significantly when traditional 30-hour-in-a-row extended work shifts were eliminated and when interns’ continuous work schedule was limited …
No effort is planned in the upcoming Arkansas legislative session to gain approval for a measure that would limit damages that could be awarded in suits against nursing homes, a top industry official says. A measure to cap punitive damages …
New Jersey Division of Criminal Justice Director Vaughn McKoy announced that a Morris County businessman has been ordered to pay more than $9,100 in restitution for stealing a $6,000 surety bond that was required to insure a Bernards Township public …