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

Corporate Execs’ Fraud Cases Crowd Courtrooms Nationwide

Stop in Room 476 at the federal courthouse in Kansas City, Kan., and you’ll hear prosecutors weave a story of millionaire executives who, the prosecutors say, broke the law to pad their paychecks and who quashed the hopes of average …

The Hartford Supports Smashing Stereotypes Via Movie ‘Murderball’

The Hartford Financial Services Group, Inc. and the Disability Management Employer Coalition have partnered to present a special screening of the movie Murderball at the 10th Annual National Disability Conference in Orlando, Fla. The Hartford, a U.S. provider of disability …

Recovering from ID Theft Can Be Difficult, Costly, Victims Report

Twenty-eight percent of identity theft victims indicate they have not been able to restore their identities, despite averaging more than a year trying. Results of a survey of 1,097 identify theft victims by Nationwide Mutual Insurance Co. also shows victims …

Fla. Investigators Arrest Four Citizens Customers for Making $170,000 in False, Inflated Damage Claims

Department of Insurance investigators arrested four Miami-Dade County residents on charges of submitting false or inflated damage claims to Citizens Property Insurance Corp. totaling more than $170,000. The state’s insurer of last resort faces a $516 million shortfall, and according …

Pacific Insurance Conference in October to Seek ‘Pathways to Success’

The 22nd Pacific Insurance Conference will be held at the Grand Hotel, Taipei, Taiwan on October 23 – 26, 2005. The 2005 conference features industry leaders making presentations, moderating panel discussions, and directing roundtable workshops examining “Pathways to Success in …

Leonard Joins First Notice Systems as Vice President

First Notice Systems, Inc., a claim-reporting firm for the insurance industry, has appointed Mark Leonard to the position of vice president, account management. Leonard will head the company’s strategic account management team to manage and grow the company’s client base. …

NAMIC Questions “Black Box” Laws in N.D., Other States

Provisions in laws regulating event data recorders (EDRs or auto “black boxes”) could negatively impact the underwriting prerogatives of auto insurers, the National Association of Mutual Insurance Companies (NAMIC) has concluded in a new report to its member companies. In …

Pa. Supreme Court Holds Building Collapse Coverage Ambiguous

The Pennsylvania Supreme Court has held that property insurance coverage for the “collapse” of a building is ambiguous and should be construed in favor of policyholders. The court granted coverage in instances where collapse is imminent. Chief Justice Cappy, writing …

Safeco Stops Writing New P/L Property Policies in Fla.; Will Stop Renewing Them in 2006

As of July 26, Safeco stopped writing new personal property policies in Florida and has notified the Florida Office of Insurance Regulation that at the beginning of 2006, it plans to stop renewing personal lines property policies held by current …

Ark. AG: New Service Provides Credit Protection for Deployed Troops

Attorney General Mike Beebe issued a consumer alert regarding a new service available to help military personnel protect their credit records while they are deployed around the world protecting their fellow Americans. All members of the military may now request …