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

Bloodhound Technologies, Acclamation Systems Note Claims Editing Service

Bloodhound Technologies and Acclamation Systems Inc. (ASI) reported a strategic partnership whereby Acclamation will embed and sell Bloodhound’s ASP claims editing and analytics service. This service will be offered as part of Acclamation’s LuminX LX suite of products. Embedding Bloodhound’s …

Experts to Examine Effects of Issues Confronting Travel, Insurance Industries

Leading experts in disaster response, anti-terrorism, hurricane research, public health and the insurance industry will examine the effects of pandemics, catastrophes and terrorism on travelers, the travel industry, and the insurance industry at the US Travel Insurance Association’s annual conference …

Contempt Charges Sought Against N.Y. Moving Company Owner

New York Attorney General Eliot Spitzer reported that his office is seeking contempt-of-court charges and fines against the owner of a Watertown moving and storage company who inexplicably prevented customers – – including returning U.S. Army soldiers – – from …

The National Law Journal: Top Verdicts, Punitive Damages Fall in 2005

The National Law Journal reported that the total amount awarded by juries last year in the nation’s largest cases declined for the third consecutive year. Based on analysis of the VerdictSearch Top 100, a ranking of the largest jury verdicts …

Quadrant Develops New Monoline Third Party Harassment and Discrimination Product

COLUMBUS, OH: Quadrant Insurance Managers is introducing a new primary coverage to the marketplace – monoline third party harassment and discrimination coverage. This product covers businesses for discrimination, harassment and wrongful eviction committed by an employee against a customer and/or …

CIGNA Reports Arbitration Ruling in Runoff Comp Reinsurance Business

CIGNA Corporation has received an adverse ruling from a London arbitration panel concerning a dispute over a retrocessional reinsurance arrangement related to a portion of its runoff workers’ compensation reinsurance business written in the London market. This ruling resulted in …

State Auto Financial Sees Record Annual Earnings for 2005

Ohio-based State Auto Financial Corporation reported fourth quarter net income of $29.5 million, or $0.71 per diluted share, versus $38.0 million, or $0.93 per diluted share for the same period in 2004. Net income from operations(a) per diluted share for …

Farmers Insurance Chooses Clear Technology in Med/PIP Operations

Clear Technology Inc. reported that Farmers Insurance Group has chosen Clear Technology to automate portions of its medical/personal-injury protection (Med/PIP) claims processing operation. Under the agreement, Farmers will deploy Clear Technology’s Med/PIP Claims Processing Solution, reportedly enabling a reduction in …

Fla. AG, Tenet Reach Agreement on All State Issues

Tenet Healthcare Corporation has reached a broad agreement with Florida Attorney General Charlie Crist to resolve all matters involving Tenet that are currently being litigated or investigated by the Florida attorney general’s office. The matters being resolved include a civil …

Automated Benefits, Farmers Mutual of Nebraska Partner on Software

Symbility Solutions Inc., a wholly owned subsidiary of Automated Benefits Corp., has signed a five year contract with Farmers Mutual of Nebraska to provide the company with its mobile claims processing software replacing a competing software vendor. Farmers Mutual of …