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

Ky. Authorities Cracking Down on Fraud Scams

In a massive criminal and civil crackdown on promoters of illegal business opportunity and work-at-home programs, the Kentucky Office of the Attorney General, the Federal Trade Commission, the Department of Justice (DOJ), the U.S. Postal Inspection Service and state law …

Copart Expands with Tenn. Location

Copart Inc., a provider of vehicle salvage disposition services in the United States, announced the opening of its second salvage facility in the state of Tennessee and it’s 20th in its Southeastern region. The greenfield facility located in Knoxville, Tennessee …

Erie Indemnity Reports Q4, 2004 Numbers

Pennsylvania-based Erie Indemnity Company announced results for the fourth quarter and full-year 2004. For the fourth quarter: – Net income increased to $61.3 million, up 42.2 percent from $43.1 million for the same period in 2003. – Net income per …

OSHA Notes Pa. Company for Workplace Safety

AK Steel Corp. Butler Works, Butler, Pa., has earned membership in the prestigious “Star” Voluntary Protection Program (VPP) of the U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA). “AK Steel Corporation Butler Works has done an excellent job …

Acordia National Opens Service Office in Las Vegas

Acordia National, a Third Party Administrators and subsidiary of Acordia Inc., a Wells Fargo company, announced that it has opened a service office in Las Vegas. The office will service and support all of the Acordia offices in the Central, …

Texas House Committee Hears Testimony on Insurance Score Ban

In a packed hearing room at the Texas Capitol, members of the Texas House Insurance Committee on Jan. 21 heard the views of consumers and their advocates, as well as insurers and their representatives, regarding House Bill 23, which would …

Insurers Claim Mitigation Efforts Complement, But Do Not Replace the Need for TRIA

Officials in the Department of Homeland Security have introduced a proposal to mitigate losses from a future terrorist attack by establishing corporate security standards, or “best practices,” that will help protect American businesses from terrorism. However the Property Casualty Insurers …

Insurance Answers to Calif.’s Storm Damage Questions

With the latest storms causing widespread damage, the Insurance Information Network of California released a statement offering the following advice: Question: The storm caused a tree to fall on my home. Does my homeowner insurance policy cover the damage? Answer: …

Kelso & Company Acquires Insurance Auto Auctions

Insurance Auto Auctions Inc., based in Westchester, Ill., has signed a definitive merger agreement to be acquired by affiliates of Kelso & Company, a New York based private equity investment firm. The aggregate value of the merger transaction is approximately …

Ark. House Approves Bill to Eliminate Credit Rating

Auto insurance companies would be barred from using credit ratings as a factor in setting auto insurance premiums under a bill passed by the Arkansas House Monday. Rep. Rick Green (R-Van Buren), said he drafted the legislation after a couple …