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

PIA of Fla. Issues ‘Legislative Report’; Plans Explanatory Sessions in September

The Professional Insurance Agents of Florida has announced the completion of its 2005 Legislative Report summarizing the provisions of recent legislation passed in the spring sessions of the Florida Legislature and that it has scheduled meetings to describe to members …

UF Study Shows Fla. Homes Built After 2002 Sustained Less Damage in Hurricane Winds

Homes built under the Florida Building Code that became effective in 2002 sustained less damage on average than those built between 1994 and 2001 under the Standard Building Code according to a University of Florida study just completed by Kurt …

Best Affirms Ratings of Northbridge Affiliates; Revises Outlook to Positive

A.M. Best Co. announced that it has affirmed the financial strength ratings (FSR) of “A-” (Excellent) and has assigned issuer credit ratings (ICR) of “a-” to the companies comprising Canada’s Northbridge Financial Corp. The companies affected include: Commonwealth Insurance Company …

Best Affirms GCAN ‘A’ Rating

A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) for Toronto-based GCAN Insurance Company with a stable outlook. “The rating of GCAN reflects its excellent level of capitalization, strong underwriting and operating results and …

Allianz Sees Impact of Climate Change on Nat Cats

Joachim Faber, a member of the Board of Management for Germany’s Allianz Group and CEO of its asset management arm, told interviewers on the company’s Website: “We expect climate change to influence the frequency and severity of natural catastrophes. This …

Md. Man Pleads Guilty Following Subdivision Arson

United States Attorney for the District of Maryland Allen Loucks recently announced that Aaron Lee Speed, 21, of Waldorf, Maryland pled guilty to conspiracy to commit arson in connection with the Dec. 6, 2004 fire at the Hunters Brooke development …

CCNC Event Set for Oakland Sept. 13-14

The 2005 Claims Conference of Northern California (CCNC) is set for Sept. 13-14 at the Oakland Marriott Hotel. The two-day conference and training seminars includes continuing education credits for RPA, MCLE, and Agents/Brokers. CPCUs attending will be awarded 15 points …

Copart, Gindin Note Software Integration

California-based Copart Inc. and Washington-based Gindin & Associates have jointly announced the integration of Copart’s proprietary VB2 virtual auction software with Gindin’s auction management software, Advanced Auto Auction Systems (Advanced Systems). The integration allows users of Advanced Systems to automatically …

Pair of Suspects Nabbed in Calif. Church Fire; Damages Estimated at $500,000

John Torres, Special Agent in Charge, Los Angeles Field Division, Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF), recently announced the arrest of two minors in connection with the June 5 fire at the Palm Baptist Church in Riverside. The …

Mass. Clinic Arraigned on Medicaid Fraud Charges

A Fall River, Massachusetts emergency clinic has been arraigned on charges that it allegedly improperly billed the state Medicaid program more than $80,000 for non-reimbursable physical therapy services – in violation of the Medicaid False Claims Act, Attorney General Tom …