Connecticut officials are alarmed at the high recidivism rate of aggressive drivers forced to attend traffic offender school. Nearly 42 percent of the 77,000 motorists who attended driver retraining between 2001 and 2003 were sent back to the program after …
A Chubb Insurance subsidiary that provided liability for the executives of Tyco International must pay the legal bills of that company’s former chief executive officer, L. Dennis Kozlowski, who is on trial charged with corporate fraud. The New York Supreme …
South Carolina Insurance Co., part of the Columbia-based Seibels Bruce family, has been declared insolvent by state insurance regulators and will be liquidated. The company and its subsidiary, Consolidated American Insurance Co., will be closed by a court-appointed receiver called …
Preliminary data released by Citizen’s Property Insurance Corp., Florida’s insurer of last resort, indicates the company racked up a $527 million deficit in its windstorm account in 2004. Citizens officials said a comprehensive audit won’t be released until mid-April. The …
Jason M. Funk, the 27-year-old murderer of Tampa, Fla. insurance adjuster Katrina Anne Froeschle, pleaded guilty in a Hillsborough County courtroom. Funk avoided a possible death sentence and pleaded guilty to murder and several other crimes. A judge sentenced him …
According to figures recently issued Association of British Insurers (ABI), the “net is tightening” on the U.K.’s insurance cheats. The figures show a “dramatic rise in the value of fraudulent insurance claims being detected by insurers, with dishonest claims totaling …
The number of paid workers’ compensation claims fell 22 percent relative to the number of employees from 2000 to 2003, according to a newly released report from the Minnesota Department of Labor and Industry. However, the cost of the system …
Michigan’s Office of Financial and Insurance Services last week released the results of its long-awaited study of competitiveness in the state’s insurance market. While the report found competition under the very strict definition of the law, the commissioner said that …
A truck repair business will pay $800,000 to the widow of a police officer killed in high-speed highway chase in 2000 to settle allegations that it improperly installed a snow tire on his cruiser. The officer’s widow, Kimberly Dingwall of …
Crawford & Company, of Atlanta has announced its 2004 winners of its U.S. Quality Award Program. The program recognizes Crawford employees and branches for consistent outstanding performance in producing a quality product and extraordinary customer service. Awarded annually to up …