Monthly Archives: <span>January 2005</span>

Md. Pharmacist Finds Prescription for Trouble

Maryland Attorney General J. Joseph Curran, Jr. announced that a Montgomery County pharmacist, 62 year-old Arthur M. Weinstein and the pharmacy he owned, The Medical Pharmacy of Chevy Chase, pleaded guilty to one count each of Medicaid Fraud for defrauding …

IIAT to Host Joe Vincent Management Seminar, Legislative Day Jan. 30-Feb. 1

The Independent Insurance Agents of Texas announced that more than 400 of the state’s top independent agency principals and managers will gather for IIAT’s 42nd Annual Joe Vincent Management Seminar and Big I Legislative Day Jan. 30-Feb. 1, 2005, at …

New Orleans Insurance Producer Suspended

Louisiana Department of Insurance Fraud Unit investigators shut down the insurance business of a New Orleans producer for charges related to her work with the Orleans Parish Public School System, Insurance Commissioner Robert Wooley announced. Investigators served Lillian Smith Haydel, …

S.C. Insurer Provides Overseas Medical, Travel Services; Matches Employee Red Cross Contributions

Additional emergency medical and travel services have been offered by BlueCross BlueShield of Columbia, S.C. and Companion HealthCare members holding the company’s international BlueCard® coverage. These extra services are available for 30 days and available at no additional charge to …

CAIF: Consumers Should Watch for Scams in 2005

Fake health insurance, insurance-agent scams and stolen airbags are among the eight insurance swindles consumers must watch for in 2005, the Coalition Against Insurance Fraud forecasts. Insurance cons will reportedly remain widespread around the U.S. despite progress in cracking down …

Small-Business Figures to Cut Losses from Fraud, Theft

Small business losses to fraud – 100 times more per employee than the losses that large corporations suffer – are reportedly expected to diminish sharply in 2005 as their newly trained bookkeepers take over internal controls and fraud prevention. In …

ACE to Take $298 Million Reserve Charge; Selling 3 Reinsurance Units

Bermuda-based ACE Limited announced that it will strengthen its asbestos, environmental and other run-off reserves and incur a related net, after-tax charge to earnings of $298 million ($1.05 per share) in the fourth quarter of 2004. The company also announced …

Allianz Providing ‘On the Ground’ Help for Tsunami Victims in Phuket

Germany’s Allianz announced that it has been providing “on the ground” support to customers in Phuket, Thailand, the popular tourist island which was hit by the tsunamis that devastated Southeast Asia. “When Allianz in Thailand heard of the tsunami on …

Conn. Gov. Rell Vows to Tackle Med-Mal Reform

Connecticut Governor M. Jodi Rell indicated in her State of the State address that medical malpractice issue is on her agenda for the new year, her first full year in office. Rell delivered her first address before the House and …

Stephens & Associates Selects Gilsbar for Plan

Daniel B. Stephens & Associates Inc. (DBS&A), an environmental science and engineering consulting firm, has selected Arizona-based Gilsbar Inc. to administer its self-funded health plan. In addition to medical benefits administration, Gilsbar will manage Section 125 and short-term disability administration …