Monthly Archives: <span>January 2006</span>

Best Affirms FSR for JIIC

A.M. Best Co. has affirmed the financial strength rating of B++ (Very Good) of Jamaica International Insurance Company Limited (JIIC) (Kingston, Jamaica). The rating has been removed from under review with negative implications and assigned a stable outlook. This rating …

Conference to Look at Foundation for Concrete Defect Claims

Hundreds of residential construction defect lawsuits are filed every year in California and across the western United States and most of the suits include allegations of deficiencies in the concrete used in the construction of the home. Is there merit …

ADP Claims Services Group Purchases 100 Percent Interest from Akzo Nobel

California-based ADP and Akzo Nobel of the Netherlands reported that ADP has acquired 100 percent of Business Management Services, LLC, a joint venture. ADP and Akzo Nobel formed Business Management Services to create Stellix, an automotive shop management system. The …

La. Health Care Conference Scheduled for Jan. 23

The Tenth Annual Health Care Conference, sponsored by the Louisiana Department of Insurance, will be held on Monday, Jan. 23, 2006, at the Holiday Inn Select (formerly the Radisson Hotel and Conference Center) 4924 Constitution Avenue in Baton Rouge. Registration …

PCI Testifies in Support of Insurance Fraud Bureau Bills

The Property Casualty Insurers Association of America (PCI) testified in Olympia, Wash., in support of two bills that would create the Washington’s first insurance anti-fraud unit in the insurance commissioner’s office. “Fraud costs insurance companies and our policyholders hundreds of …

Peak Performance Acquires PolicyPointe to Expand Product Line

Strategic acquisition is a key component of company’s goal to offer the industry’s most complete end-to-end insurance technology solutions Hoboken, NJ: Peak Performance, a leading provider of insurance technology solutions and services for the property and casualty insurance industry, announces …

NADAguides.com, GEICO Partner on Site to Insure Vehicles

NADAguides.com a vehicle information Web site, reported a partnership with GEICO, the nation’s fourth largest private passenger auto insurer. With this partnership, GEICO becomes the exclusive provider of automotive insurance for millions of NADAguides.com consumers looking to insure their new …

La. State Police Arrest Orleans Parish Man for Fraud Attempt

The Louisiana State Police Insurance Fraud Unit reported that an Orleans Parish man has been arrested on a felony insurance fraud warrant. The arrest evolved from a complaint by a private insurance company. The Louisiana State Police Insurance Fraud Unit …

Battle Looms in S.C. Over Eliminating Second Injury Fund

Legislative efforts to revise or totally eliminate South Carolina’s Second Injury Fund are being disputed by two small business groups that contend they are not convinced the changes would reduce workers’ compensation costs for small employers. The Second Injury Fund …

911 Firefighters’ Families Lose Bid to Sue Over Faulty Radios

Families of New York firefighters killed at the World Trade Center on Sept. 11, 2001, failed this week to persuade the Supreme Court to allow them to go forward with a lawsuit against New York City and Motorola for supplying …