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

PEMA, FEMA Officials Warn Flooded Residents and Business Owners to Beware of Fraud

State and federal recovery officials advise those in Pennsylvania affected by the April rain and flooding to be aware of anyone who claims to be able to register them for disaster assistance for a fee or after they collect personal …

XL Posts $442.9 Million Q1 Net

Bermuda’s other major insurer, XL Capital Ltd., joined ACE (See previous article) in reporting slightly lower profits for the first quarter of 2005, as it posted net income of $442.9 million or $3.18 per share, compared with $452.2 million, or …

ACE Q1 Net Down 3% to $433 Million; Operating Profits Rise 7% to $441 Million

Bermuda’s ACE Limited reported net income for the first quarter ended March 31, 2005 of $433 million or $1.46 per common share after payment of preferred dividends, compared with net income of $447 million or $1.53 per share for the …

Kan. Fire Departments Receive Federal Grants

The U.S. Department of Homeland Security has announced Clay Center Municipal Fire Department and Sheridan County Fire District # 1 have been selected to receive funding as part of fifth round of the Fire Prevention and Safety grants, part of …

Ill. AG Files Fraud Suit Against Health Care ‘Providers’

Illinois Attorney General Lisa Madigan has intervened in a sealed lawsuit and filed an insurance fraud complaint against a health care company and its owners who allegedly devised a scheme to conduct worthless and unnecessary electrodiagnostic testing while billing private …

N.J. Man Drives Off to Jail in Auto Scam

New Jersey Division of Criminal Justice Director Vaughn McKoy announced that a Middlesex County man has been sentenced to prison for his role in an automobile “give up” fraud. According to McKoy and Insurance Fraud Prosecutor Greta Gooden-Brown, George T. …

Ariz. Gov. Napolitano Signs Pro-Business Legislation

The Property Casualty Insurers Association of American (PCI) on Tuesday commended Arizona Gov. Janet Napolitano for signing into law legislation that will allow business owners an opportunity to lower their insurance costs. “This bill, HB 2192, will give businesses a …

La. DOI Takes Action Against Unauthorized Marine Insurance Sales

The Louisiana Department of Insurance reported it has ordered an insurance company and the association that sponsors it to cease all participation in the alleged writing of unauthorized insurance coverage in Louisiana. North American Marine General Insurance Company of Panama …

Auto Theft Investigators Drive into Michigan

More than 300 auto theft investigators are coming to the 42nd Annual Training Conference for the North Central Regional Chapter (NCRC) of the International Association of Auto Theft Investigators, May 1-5 at the Sheraton Detroit-Novi. “This is an unprecedented opportunity …

PEMA, FEMA Officials Urge Victims to Clean Up Now to Prevent Mold and Mildew

State and Federal disaster recovery officials are advising people in Pennsylvania affected by the heavy rain and flooding that began on April 2 to clean flood-damaged homes thoroughly to avoid possible health problems from mold and mildew. Mold growth is …