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

Calif. Residents Need to Return SBA Application for Storm Assistance

Victims of California’s December-January flooding who receive a loan application from the U. S. Small Business Administration (SBA) should take the time to fill it out – even if they don’t want a loan, urge disaster recovery officials from the …

Pa. Shuts Down Pro-Tel Prescription Drug Plan Sale to Seniors

Pennsylvania Attorney General Tom Corbett announced that a Pennsylvania business will refund consumers, pay fines and get out of the health care business following claims that it used deceptive marketing tactics to lure senior citizens into purchasing prescription drug assistance …

Platinum Posts Losses – $103.3 Million Q4; $138.2 Million Full Year

Bermuda-based Platinum Underwriters Holdings, Ltd. has reported a net loss to common shareholders of $103.3 million, or $1.94 per basic common share, for the quarter ended December 31, 2005 and a net loss of $138.2 million, or $3.01 per basic …

RMS Releases Weather Derivative Program Climetrix® Version 5.0

Newark, Calif.-based Risk Management Solutions (RMS), a leading provider of products and services for the management of natural hazard risk, announced the release of new version of its weather derivatives trading and risk management system. “Climetrix 5.0 introduces a capability …

Converium Releases Earnings Restatement; Q3, 9 Month Results

Zurich-based Converium announced the completion of an extensive review and a restatement of prior year financial statements ahead of its 2005 earnings release scheduled for March 15. It also released final figures for the third quarter and first 9 months …

Guns Missing From Oklahoma Museum Not Insured

Officials aren’t sure whether Oklahoma taxpayers will have to pay for uninsured weapons that are missing from a famous state gun museum. The J.M. Davis Arms & Historical Museum is covered by insurance but the gun collection is not. “I …

FEMA Funds Northway Airport (Alaska) Repairs Following 2002 Quake

The U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) has obligated $10,968,805 to assist in repairing damage to Northway Airport caused by a 2002 earthquake in the central Alaska region. According to acting FEMA Director R. David Paulison, …

QCSI, McKesson Extend Partnership on Application and Auditing Solutions

Quality Care Solutions Inc., a provider of advanced information technology and enterprise application software and services for health insurers and benefits administrators, has extended its partnership with McKesson Corp. to continue to deliver advanced claims management solutions to healthcare payors. …

Ariz. AG Settles with Phoenix-Based Used Car Service Company

Arizona Attorney General Terry Goddard reported a $170,000 settlement with Auto Connection and its owner Gail Oleaga. The Phoenix-based business sold extended service agreements for used cars to consumers. Auto Connection advertised and sold automobile service agreements over the Internet, …

AIA: N.Y. Homeowners Market Strong

The American Insurance Association on Monday said that the homeowners insurance market in New York is strong and competitive, but steps can be taken to mitigate future losses and increase capacity. The comments were made during a hearing held by …