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

Maryland Seeks Funding for Med-Mal Plan

Democratic legislative leaders worked late last week to revive a stalled attempt to do something about the 33 percent increase in medical malpractice insurance premiums that some Maryland doctors say threatens to drive them out of business. Doctors from across …

ING Nine Month Profits Up 33.1% to $ 5.2 Billion

The Netherlands ING Group reported a significant rise in nearly all business sectors. Operating profits at the banking, insurance and financial services giant rose by 33.1 percent to 4.008 billion euros ($5.2 billion). Other highlights recorded during the period include …

ADP Expands Shop Reports Service

ADP Claims Services Group, a provider of integrated business solutions for the P/C industry, announced the availability of ADP Shop Reports for multi-site repair facilities, part of an extensive suite of products that complement ADP Estimating and Shoplink. ADP, which …

Hurricane Losses Have $816 Million Impact on Berkshire’s Q3 Earnings

Berkshire Hathaway Inc., the giant investment group run by Warren Buffet, reported a significant decrease in third quarter net earnings, primarily due to the hurricanes that struck Florida in August and September. Berkshire earned $1.137 billion during the period, compared …

N.J. Man Admits Role in Auto Fraud Scheme

New Jersey Division of Criminal Justice Director Vaughn McKoy announced that a Perth Amboy man has been ordered to pay a New Jersey insurance company $15,000 in restitution for his participation in an automobile insurance “give up” scheme. According to …

IBHS Notes Strategic Partnerships at Conference

The Institute for Business & Home Safety (IBHS) formalized three strategic partnerships with organizations whose reach extends throughout the U.S. and beyond at its annual conference this last week in Orlando. IBHS will work with the Federal Alliance for Safe …

AMA: Wyo. Voters Make Move in Right Direction to Reduce Health Care Costs

Following Tuesday’s elections, the American Medical Association (AMA) praised Wyoming voters for their vote regarding medical liability reform. “The American Medical Association is pleased that Wyoming voters have enacted Ballot Amendment C, which will allow the state legislature to consider …

TWCC Posts Rule-Making Projects on Web Site

The current status of rule-making projects by the Texas Workers’ Compensation Commission has been added as a regular page on the Commission’s Web site at: http://www.twcc.state.tx.us/rules/planning/ruleschart.html. Projects on the Web page extend through the Fall of 2005. The page will …

S.C. Att. Gen. Lacks Funds to Fight Insurance Fraud

South Carolina needs more money to hire investigators and prosecutors to fight insurance fraud according to Attorney General Henry McMaster. “We are not short on talent. We are not short on determination,” he said. “We are short on money.” McMaster …

Latest Applicant for IMACC Membership to be Featured on Extreme Makeover – Home Edition

Illinois-based IMACC announced that its latest applicant for IMACC membership, Statewide Disaster Restoration Inc. will be featured on network television’s Extreme Makeover – Home Edition. The two-hour special will air this Sunday, Nov. 7, at 7 p.m., and will spotlight …