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

Executive Life Judge Offers Final Ruling; Confirms Some $900M in Total Verdicts, Settlements

California Insurance Commissioner John Garamendi on Tuesday praised a Los Angeles Federal judge’s ruling that the Artemis company, reportedly a main conspirator in the fraudulent purchase of the Executive Life Insurance Co. (ELIC), must pay $190 million plus interest – …

Cocoa (Fla.) Disaster Recovery Center Closing on Nov. 23

The Disaster Recovery Center located in Cocoa, in Brevard County (Florida), will cease operations at the close of business on Wednesday, Nov. 23, the Department of Homeland Security’s Federal Emergency Management Agency (FEMA) and Florida’s State Emergency Response Team (SERT) …

Mass. AG Makes Final Argument for 18% Cut in Auto Insurance; Proposes Anti-Fraud Program

Massachusetts Attorney General Tom Reilly on Wednesday made his case for an 18 percent reduction in auto insurance rates for 2006 and also proposed an anti-fraud initiative based on the ongoing efforts in the city of Lawrence that have resulted …

MAIF Employee Convicted of Fraud Following Jury Trial

Maryland Attorney General J. Joseph Curran, Jr. announced that Deborah J. Odum of Annapolis, was convicted of felony insurance fraud and attempted felony theft after a jury trial in the Anne Arundel County Circuit Court. Odum, 51, is presently employed …

Mass. to Open 3 More DRC’s

State and federal officials are opening Disaster Recovery Centers (DRCs) in Pittsfield, Springfield and Sturbridge, Mass., beginning Tuesday, Nov. 29 through Saturday, Dec. 3, to serve individuals and families affected by the severe storms and flooding that took place Oct. …

Hurricane Issues on Agenda at Fla. Legislators Dec. 5 Event

Florida Gov. Jeb Bush said state lawmakers will likely deal with some hurricane issues when they meet in a special session beginning Dec. 5. The governor said it would probably make sense to address some hurricane issues, like moving up …

Endurance Offers Initial Estimate from Impact of Hurricane Wilma

Bermuda-based Endurance Specialty Holdings Ltd. announced its initial estimate of losses, net of reinsurance, reinstatement premiums, and tax benefits related to Hurricane Wilma to be approximately $115 million. Endurance estimates its gross losses related to Wilma, before reinsurance, reinstatement premiums, …

More Help on the Way for Hurricane Evacuees in Texas

Evacuees from hurricanes Katrina and Rita living in Texas now have another way to help themselves move toward recovery through the Housing, Employment, Location, and Placement (HELP) Program, which is available from the U.S. Department of Homeland Security’s Federal Emergency …

Proper Steps Necessary When Filing a Flood Insurance Claim

Flood insurance policyholders who suffered damages from flooding in the wake of Hurricane Wilma may have a number of questions about their policies. If you’ve filed a claim with your insurance company, here’s what you can expect to happen next: …

CCC Names New President

Caliber Collision Centers, an Irvine, Calif.-based operator of high-quality collision repair facilities in California and Texas, has named John Hovis as the company’s president. As president of Caliber, Hovis will assume responsibility for the operating divisions of the company, including …