Nursing assistant Barbara Polk, a resident of Baltimore County, Md., recently pleaded guilty to theft against the Injured Workers’ Insurance Fund, during a workers’ compensation insurance hearing in Baltimore County District Court. Judge Robert Steinberg ordered Polk to pay $2,564 …
On Jan. 21, Texas State Sen. Todd Staples presented recommendations on reforming the state’s workers’ compensation system to the Senate State Affairs Committee in the form of Senate Bill 5. The legislation would address a number of shortcomings with the …
The United States Supreme Court has ruled that workers injured on dredges like one used in the Big Dig construction are not limited to workers compensation but may also sue the vessel’s owner for negligence. Writing for the court in …
Bermuda-based RenaissanceRe Holdings Ltd. announced that it is planning to restate its financial statements for the years ended December 31, 2001, 2002 and 2003 “to correct accounting errors associated with reinsurance ceded by the Company.” RenRe said the “net effect …
An earthquake measuring 6.4 on the Richter Scale struck near the town of Zarand in Kerman Province in Eastern Iran Tuesday morning, Feb. 22. Some 420 people are reported to have died and another 900 injured. The area, some 740 …
Gary Gibboney has joined the Independent Mitigation and Cleaning/Conservation (IMACC) network at its Indianapolis office. In his new position, Gibboney will be responsible for expanding IMACC membership, while he works directly with IMACC members in the development of IMACC services. …
Des Moines, Iowa-based EMC Insurance Group Inc. reported that the company’s statutory combined trade ratio for 2004 was 104.2 percent thanks to adverse development on prior years’ reserves totaling about $15.4 million for the fourth quarter of 2004. This adverse …
The chairwoman of a state Senate oversight committee has requested an audit of a $600 million settlement between the state insurance department and defendants accused of fraudulently acquiring the assets of the now-defunct insurer Executive Life, a group of policyholders …
AIR Worldwide Corporation has introduced the latest releases of CLASIC/2 and CATStation, said to enable insurers, brokers, and reinsurers to significantly improve their catastrophe management workflow. According to AIR, the new releases contain two enhancements, AIR ImportExpress and the CEDE …
Ken Ancona has been named vice president, managing director of Crawford & Co.’s Risk Sciences Group (RSG), Crawford’s risk management information system subsidiary in Atlanta. “Ancona has the experience, solid reputation, and proven skills to take the leadership role at …