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

Mass. Orthopedic Industry Members to Foot Bill to State Medicaid Program to Settle Allegations

Fifteen members of the Massachusetts orthopedic footwear industry have agreed to pay $526,000 to the Massachusetts Medicaid program to settle allegations that they were overpaid as a result of incorrect billing and documentation deficiencies that violated Medicaid regulations, Attorney General …

Direct General Notes Q4 Results

Nashville-based Direct General Corp. announced its results of operations for the fourth quarter of 2004, noting a record level of net income for the year of $54.0 million, which represents a 25.3% increase from $43.1 million in 2003. The company’s …

Copart Adds New Fla. Locale

Copart Inc., a provider of vehicle salvage disposition services in the United States, announced the opening of its 7th salvage yard in the state of Florida and its 19th in the Southeastern region. The 21-acre greenfield facility located in Ocala, …

AXIS Capital Sees Net Income of $495M for Year Ended

Bermuda-based AXIS Capital Holdings Ltd. has reported net income for the year ended Dec. 31, 2004 of $495.0 million, or $2.98 per diluted share, compared to $532.3 million, or $3.42 per diluted share, for the year ended Dec. 31, 2003. …

Tenn. Jury Awards Assurant Cos. Multimillion-Dollar Decision; Verdict Subject to Appeal

Assurant Solutions, a provider of specialty insurance, extended service contracts and other risk management solutions, reported that a state court jury in Tennessee has awarded its companies damages in a contract dispute with Progeny Marketing Innovations, a wholly-owned subsidiary of …

Scam Artists Prey on Fla. Hurricane Victims

Officials from Florida’s State Emergency Response Team (SERT) and the Department of Homeland Security’s Federal Emergency Management Agency (FEMA) are cautioning Floridians to be on the look out for scam artists pretending to be employed by FEMA or other government …

Health Net Sees Not so Healthy Q4; Net Loss of $86M

Health Net Inc. announced 2004 fourth quarter net loss per diluted share of $.77 compared with earnings of $.77 per diluted share in the fourth quarter of 2003 and earnings of $.64 per diluted share in the third quarter of …

ABI: MADD’s Solutions Don’t Focus on Real Problem

The American Beverage Institute (ABI) is challenging a lobbying push by Mothers Against Drunk Driving (MADD) to implement sobriety checkpoints in Texas, saying that the group is pursuing tactics that target responsible adults, not drunk drivers. “By calling for increased …

N.C. Gov. Seeks Added $61M for Recovery Efforts

North Carolina Gov. Mike Easley is requesting an additional $61 million in state funds for Western hurricane recovery efforts and urged the N.C. General Assembly to move quickly to approve the expenditure. The money will come from the state’s Rainy …

Md. AG to Testify Against Price Gouging in Emergencies

Maryland Attorney General J. Joseph Curran, Jr. will testify in support of a bill proposed in the General Assembly that would prevent sellers from price-gouging during a declared state of emergency. ” The law would prevent retailers, home improvement contractors …