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

ICT and APD Work on Crime Prevention Signs

The Insurance Council of Texas (ICT) reported that it is partnering with the Austin Police Department to kick-off an innovative education effort to reduce automobile burglaries. The partnership led to the creation of signs that read, “LOCK your door, TAKE …

FEMA Aid Separate from Other Federal Benefits as Ohioans Recover from Storms

Ohioans affected by recent winter storms and flooding who are receiving Social Security, disability or other federal benefits should reportedly not hesitate to apply for disaster assistance as well. Disaster assistance made available by presidential declaration on Feb. 15 is …

Penn Treaty American Adds La Pierre as Senior VP of Claims Management and Policyholder Services

Penn Treaty American Corporation announced that Stephen LaPierre has joined the company as senior vice president, Claims Management & Policyholder Services. LaPierre has more than 20 years of healthcare administration and long-term care insurance risk management experience. He most recently …

Is Oklahoma Eye Procedure the Focus for Future Med-Mal Claims’

Leaders of the nation’s medical and osteopathic associations met in Oklahoma City Wednesday to protest a one-of-a-kind Oklahoma law and regulation that reportedly allows optometrists to perform eye surgery with a scalpel. “We’re here to urge the Oklahoma legislature to …

Ohio BWC Administrator/CEO Urges Need to Pass Fair Workers’ Comp Reform

James Conrad, Administrator and CEO of Ohio’s Bureau of Workers’ Compensation (BWC) stressed the need to urgently pass a fair, balanced workers’ compensation reform bill during his testimony before the Senate Insurance, Commerce, and Labor Committee earlier this week. Testifying …

Medical Malpractice Bills Passed by Wyoming House

The House on March 1 approved two bills that attempt to stem rising doctors’ liability insurance costs by allowing state officials to learn more about damage awards in malpractice cases and hospital mistakes that lead to lawsuits. One bill would …

State Fund Files 2004 Financial Statement with CDI

In an annual statement filed Wednesday with the California Department of Insurance, State Compensation Insurance Fund documented that its policyholder surplus — assets minus claims reserves and other liabilities — increased by $776 million during the 31, 2004. Policyholder surplus …

Tenet Hospital Vows to Fight Fla. AG’s Claim it Improperly Took $1 Billion

Florida Attorney General Charlie Crist has filed a lawsuit in Miami Federal Court alleging that the Tenet Hospital chain inflated its Medicare charges and improperly took more than $1 billion that could have been used by public hospitals. Tenet spokesman …

FM Global Sees Strong Numbers for 3rd Straight Year

Commercial and industrial property insurer FM Global has reported a third consecutive year of strong operating performance, with 2004 marking a period in which the company increased its policyholder surplus significantly; maintained a high client retention rate; returned US$316 million …

14 Floridians Indicted for Federal Emergency Management Agency Fraud

A federal grand jury, sparked by a Fort Lauderdale Sun-Sentinel investigation into fraud in Miami-Dade hurricane aid payments through the Federal Emergency Management Agency, indicted 14 people on a variety of fraud counts on Wednesday, the U.S. Attorney’s Office said. …