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

Former Calif. Administrator Charged in Medicare Scam

The United States Attorney’s Office for the Northern District of California announced that a federal grand jury in San Jose has indicted Neil Philip McArthur on three counts of medicare fraud. McArthur was charged with defrauding Medicare of more than …

Central Illinois Chapter of ARC Joins OSHA in Alliance

Workers in central Illinois reportedly stand to benefit from an alliance signed between the Central Illinois Chapter of the American Red Cross and the Occupational Safety and Health Administration (OSHA). The alliance is designed to reduce and prevent some of …

Battle Looms Over Ga. Medical Liability Reform Legislation, Its Effect on Premiums

Storm clouds are looming over medical liability reform legislation about to be introduced in the 2005 Georgia General Assembly which would make it harder for insurance companies to raise their rates and thus, supposedly reduce premiums. Non-partisan groups, representing neither …

Ohio Gov. Declares Emergencies in 20 Counties

From the State of Ohio Emergency Operations Center, Governor Bob Taft on Tuesday declared emergencies in 20 counties and will be submitting a request for a Presidential Emergency Declaration for assistance to public entities most affected by the recent severe …

Gevity Renews Comp Deal with AIG Member Companies

Florida-based Gevity has renewed its agreement with member companies of American International Group Inc. (AIG) to provide workers’ compensation coverage for Gevity’s internal and client employees in 2005. The structure of the 2005 program is similar to the 2004 program, …

Fitch Affirms Ratings for HCC Insurance Holdings

Fitch has affirmed all ratings of HCC Insurance Holdings Inc. (HCC), including HCC’s ‘A-‘ long term issuer and senior debt rating, and the ‘AA-‘ insurer financial strength (IFS) rating of Houston Casualty Company, and several other insurance subsidiaries. The Rating …

Inability to Cash Checks Frustrates Fla. Homeowners; Some Repairs at a Standstill

Although insurance checks have been cut Florida homeowners are now calling the state’s storm victim hotline to complain because they can not get the money without two signatures. Tom Gallagher, Chief Financial Officer, confirmed that numerous calls are being received …

Demutualization Generates $15.7 Million for Oklahomans

Oklahoma State Treasurer Robert Butkin announced he is looking for more than 38,000 Oklahomans to give them $15.7 million. The money was delivered to Butkin’s office during the past few months from seven insurance companies that underwent a process called …

Californians Deal with Winter Storms, Potential Floods

Californians this week are once again dealing with the effects of a fierce rainy season. No California county is immune from the risk of flooding. In the past 10 years alone, there have been three large-scale, widespread, Federally declared flood …

Munich Re Estimates Tsunami Claims Below $136 Million

Munich Re, the world’s biggest reinsurer, has issued a bulletin concerning possible losses from the tidal waves that struck many countries around the Indian Ocean on Dec. 26, which estimates the company’s losses at no more than 100 million euros …