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

Crash Risk is Four Times Higher When Drivers Use Cell Phones, Study Says

Common sense as well as experience tell us that handling and dialing cell phones while driving compromise safety, and evidence is accumulating that phone conversations also increase crash risk. New research from the Insurance Institute for Highway Safety quantifies the …

CIGNA Unveils New Ways to Reduce Disability, Medical Costs with 3 Programs

Employers who struggle to better manage lost time, reduce medical costs and improve productivity reportedly are increasingly looking for innovative yet practical ways to integrate their benefit products. Seeking solutions that will bring them closer to the rewards that can …

Meeting on Texas Workers’ Comp Networks Available on Web; TDI Accepting Comments Through July 20

The Texas Department of Insurance is currently analyzing HB 7 and drafting language for rules for workers’ compensation networks. In order to obtain input from as many stakeholders as possible, a meeting will be held from 1 p.m. to 3 …

Crawford & Co.’s Marine Services Named Lloyd’s Agent for Norfolk, Va.

Philip Porter, senior vice president, Crawford & Company Claims Management Services, announced that Lloyd’s of London Agency Department has appointed Crawford as the Lloyds agent in Norfolk, Va., effective July 1, 2005. Crawford is currently Lloyd’s agent in Anchorage, Alaska, …

Best Downgrades FSR for Tokio Millennium Re

A.M. Best Co. has downgraded the financial strength rating (FSR) of Tokio Millennium Re Ltd. (TMR) (Bermuda) to A+ (Superior) from A++ (Superior) and revised the outlook to stable from negative. At the same time, A.M. Best has assigned an …

TxOGA Earns $1.3 Million Texas Mutual Dividend

Texas Mutual Insurance Company announced a purchasing group dividend to the Texas Oil and Gas Association (TxOGA) totaling $1,355,509. Group dividends are separate from the $50 million in dividends that Texas Mutual Insurance Company will pay to qualifying policyholders this …

OSHA Cites Mass. Company Following Fatalities

The U.S. Labor Department’s Occupational Safety and Health Administration (OSHA) has cited Testa Corp., a Lynnfield, Mass., demolition contractor, for 15 alleged violations of safety and health standards following the collapse of a craneway at the former Fore River Shipyard …

IBHS Adds Tips in Dennis Recovery

The Institute for Business & Home Safety (IBHS) has outlined key steps to help home and business owners work toward recovery following Hurricane Dennis. Protect yourself. Always be careful when entering a damaged building. If there is serious structural damage, …

Former N.J. Personnel Director Sentenced in Scam

New Jersey Attorney General Peter Harvey announced that the former Personnel Director for Bloomfield, Essex County, has been sentenced to state prison and ordered to repay the Township nearly one-half million dollars in embezzled public funds after pleading guilty to …

Fitch Reports Hurricane Dennis Could Impact Florida Insurance Market

Fitch Ratings is reporting that Hurricane Dennis is expected to represent a material loss to the insurance industry. Dennis came ashore on Sunday, July 10, at 3:25 p.m., on Santa Rosa Island, Florida, as a Category 3 hurricane with winds …