Bermuda-based XL Capital Ltd reported net income available to ordinary shareholders for the quarter ended Sept. 30, 2004, of $22.5 million, or 16 cents per ordinary share, compared with $99.0 million, or 71 cents per ordinary share, for the quarter …
The United States Attorney’s Office for the Northern District of California announced that John B. Hyde, the president of Interstate Services Incorporated (ISI), pled guilty recently to 64 counts of health care fraud, mail fraud and money laundering, based on …
Hawaii Attorney General Mark Bennett announced that the Department of the Attorney General, through its Medicaid Fraud Control Unit, has filed a suit for injunctive relief and monetary damages against a man accused of financial exploitation of an elderly Honolulu …
A Riverside County, California jury has returned a defense verdict in a closely watched case involving claims of bodily injury from exposure to mold in a single family home located in Menifee, California. Jury deliberations were less than 25 minutes …
New Jersey Attorney General Peter Harvey announced that the Division of Criminal Justice – Financial Crimes Bureau has arrested a Hudson County man for fraudulently collecting more than $25,200 earmarked for 9/11 relief programs and using the money for his …
West Virginia Insurance Commissioner Jane Cline announced this week that the Insurance Commission has completed its annual study on auto related accidents involving deer and wildlife. The study estimates that more than 21,500 deer and wildlife claims were paid by …
Actuary J. Robert Hunter has reportedly published another bogus analysis of the medical malpractice insurance industry, once again using one of his front groups, Americans for Insurance Reform (AIR), as the messenger. Medical Malpractice Insurance: Stable Losses/Unstable Rates 2003 reportedly …
New Jersey Attorney General Peter Harvey announced that the former owner and CEO of a defunct Camden mental health counseling center has been convicted of second degree Health Care Claims fraud following a five-week jury trial in Camden County Superior …
Insurers are confronted with a myriad of fact situations that require them to make difficult determinations as to potential coverage. A federal district court recently ruled that Minnesota Life Insurance Company (“Minnesota Life”) made the proper decision in denying double …
Victor O. Schinnerer & Company’s Risk Management Department recently released two new publications on interior design risks. The first, a claims study, reviews the most severe claims that Schinnerer’s program has seen. One such claim involved a French floor shipped …