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

AIA Raises Concerns Over Wash. Legislation to Restrict Insurers’ Use of Credit Information

A proposed law to restrict the use of credit-based insurance scores under consideration by the Washington Legislature is premature and could raise premiums for Washington insurance consumers, according to the American Insurance Association (AIA). “Washington already has a law on …

Customers Polled: Foremost Receives High Marks for Processing Hurricane Claims

Foremost Insurance Group of companies received high marks in a survey done on 3,000 customers who suffered losses from hurricanes in late 2004. The survey had a response rate of 39 percent. Those who responded rated Foremost well in seven …

Solomons’ Bill Calls for Overhaul of Texas’ Comp System

State Rep. Burt Solomons (Carrollton) recently filed a bill that would make major changes to the workers’ compensation system in Texas. According to an announcement released by the House of Representatives, House Bill 7 abolishes the Texas Workers’ Compensation Commission …

GAINSCO Revs Up New Marketing Program

Dallas-based GAINSCO announced it has signed on as primary sponsor of Blackhawk Motorsports, who will be making its entry into professional racing by fielding a Daytona Prototype racecar that will compete in the Grand American Rolex Racing Series in 2005. …

ADESA Reports Double-Digit Growth for Both Segments

Indiana-based ADESA Inc., a provider of wholesale vehicle auctions and used vehicle dealer floorplan financing, reported its fourth quarter and annual financial results for the period ended Dec. 31, 2004. For the fourth quarter 2004, the company reported net income …

Ga. Med-Mal Bill Stalls in House, Discussion to Continue on Monday

Georgia, doctors, lawyers and insurance lobbyists stood shoulder-to-shoulder outside the House of Representatives chamber during a heated three-hour discussion yesterday about Senate Bill 3, which aims to cap non-economic damages in medical malpractice suits. Discussion of the bill will continue …

OSHA Partners with Home Builders Assoc., Carpenters District Council to Promote Workplace Safety in Ill., Mo.

The U.S. Labor Department’s Occupational Safety and Health Administration (OSHA) entered into a partnership this week with the Home Builders Association of Greater St. Louis, in conjunction with the Carpenters District Council of Greater St. Louis and vicinity, to ensure …

ABM Gains Second Circuit Summary Judgment for Business Interruption Coverage Involving WTC Claim

ABM Industries Inc. reported Thursday that the United States Court of Appeals for the Second Circuit had granted summary judgment in favor of ABM on the company’s insurance claims for business interruption losses resulting from the World Trade Center (WTC) …

N.J. Woman Keeps Busy Submitting More than 40 Fraudulent Health Claims

New Jersey Division of Criminal Justice Director Vaughn McKoy announced that a Hunterdon County woman has pleaded guilty to Health Care Claims Fraud and forgery for submitting more than 40 fraudulent health insurance claims worth more than $13,900. According to …

ACEC Backs Senate Passage of Class Action Reform Bill; First Step to Bringing Help to Legal System

The American Council of Engineering Companies (ACEC) strongly endorsed Thursday’s Senate passage of the Class Action Fairness Act (S.5), as a first step in bringing common sense and meaningful reform to a troubled U.S. legal system. The Class Action Fairness …