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

Disaster Assistance Set for Primary Homes Only

The American Samoa Government (ASG) and the Federal Emergency Management Agency (FEMA) want to remind those individuals whose homes were damaged or destroyed by Cyclone Olaf that only their primary residence, the one they actually live in, is eligible for …

PCI: States Should Weigh Consumer Benefits Before Restricting Access to ‘Black Box’ Data

State and federal legislators are rightly concerned with protecting the privacy of their constituents’ financial and medical information, but bills to prevent access to vehicle collision data from Event Data Recorders (EDRs), now under consideration in 10 states, may cause …

Momentum Building to Continue Federal Terrorism Insurance Backstop

The introduction of terrorism reinsurance legislation by a group of House Democrats shows that congressional members want to put significant bipartisan energy into protecting the U.S. economy against catastrophic terrorism, the American Insurance Association said Wednesday. This proposal, H.R. 1153, …

Former N.J. CPA Pleads Guilty in Health Care Scam

New Jersey Division of Criminal Justice Director Vaughn McKoy announced that a former Bergen County certified public accountant has agreed to pay $325,000 in restitution after pleading guilty to Health Care Claims Fraud for inflating and submitting fraudulent insurance claims …

Fla. Homeowner Arrested for False Hurricane Claim

A Cocoa Beach, Fla. homeowner is facing a felony charge for filing a false insurance claim allegedly claiming that renovation work to his home was the result of hurricane damage. Robert Milliken of 744 S. Orlando Ave. # 709 was …

ATRA: Worst States for Liability Systems are Home to ‘Judicial Hellholes’

A ranking of state liability systems reveals states rated low in 2005 are also home to Judicial Hellholes, according to the American Tort Reform Association (ATRA). “We’re not surprised to see that states ranking low in this year’s liability ranking …

Companion Property & Casualty Makes Appointments

South Carolina-based Companion Property & Casualty Insurance Group has named two new vice presidents. The company appointed Laura Currence vice president of claims and Steven Bloss vice president of marketing and underwriting. Currence provides leadership for claims adjudication philosophy, management …

SCPIE Holdings Reports Q4, Year-End Numbers

Los Angeles-based SCPIE Holdings Inc., a provider of healthcare liability insurance, reported results for the full year and fourth quarter ended Dec. 31, 2004. For the year 2004, SCPIE reported a net loss of $7.9 million, or $0.84 per share, …

San Antonio Man Pleads Guilty to Comp Fraud

Texas Mutual Insurance Company reported that Kevin Savage of San Antonio has pleaded guilty to workers’ compensation fraud-related charges. According to Texas Mutual, the Travis County 147th District Court sentenced Savage to a one-year suspended jail term, 18 months of …

Long-Term Care Insurance Guide Available in La.

Louisiana Commissioner of Insurance J. Robert Wooley announced that a 2005-2006 Long-Term Care Insurance Comparison Guide has been published by the Louisiana Department of Insurance’s Senior Health Insurance Information Program (SHIIP). The updated guide is designed to give consumers a …