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

His ‘Indignation’ Rising, Nader Vows to Restart Auto Safety Engine

More than 40 years after “Unsafe at Any Speed” shook up the auto industry, Ralph Nader is returning to his roots. The longtime consumer advocate and former presidential candidate contends the auto industry has failed to push technology that could …

La. Hosts Health Care Symposium

The Health Care Commission of the Louisiana Department of Insurance and the Louisiana Health Care Alliance (LHCA) will co-sponsor a health care symposium: “A New Vision for Health Care” on April 18. The day-long symposium will convene in the Department …

Okla. House Ends Contentious Firefighter Funding Feud

Without debate, the Oklahoma House passed an $8.9 million firefighter funding bill March 28 but may not have put to rest the political feud over how to replenish rural volunteer fire department budgets and equipment depleted by wildfires. The House …

La. Attorney Sentenced to Eight Years for Swiping Clients’ Money

A Louisiana attorney has been sentenced to eight years in prison for charges stemming from the misuse of his clients’ insurance money and his failure to pay more than $100,000 in restitution. Keith Labat, of Thibodaux, pleaded guilty in January …

GAINSCO Reports 2005 Q4 and Year End Results

Dallas-based GAINSCO Inc. reported net income for the fourth quarter 2005 of $5.5 million. Net income available to common shareholders for the same period, after the accretion of the discount and the dividend on redeemable preferred stock, was $4.9 million, …

Texas Mutual Introduces Online Wage Reporting Tool

Texas Mutual Insurance Company introduced its newest tool at texasmutual.com: DWC-3 Employers’ Wage Statement reporting. The tool reduces cumbersome paperwork and helps ensure that injured workers receive timely, accurate benefits. The DWC-3 Employers’ Wage Statement form provides wage information that …

Texas Joint Committee on Windstorm Coverage Selected

Texas Lieutenant Governor David Dewhurst and Speaker Tom Craddick recently released the names of Senate and House of Representatives appointees to the Joint Select Committee on Windstorm Coverage. The Joint Select Committee is composed of six senators appointed by the …

ProMutual’s A- Rating Reaffirmed

Rating organization A.M. Best has reaffirmed its A- (Excellent) rating of medical malpractice insurer ProMutual Group for 2006. A.M. Best said its rating is based on its independent opinion of the company’s strong financial underpinnings, overall capitalization, conservative reserve practices …

Lloyd’s Remains Major Energy Sector Coverage Specialist

In his keynote address to the delegates at Aon’s 9th Energy Insurance Conference in Cancun, Mexico, Rolf Tolle, Lloyd’s Franchise Performance Director, told his audience that the Lloyd’s market is “ready, willing and able to meet the needs of Latin …

Marsh Mac’s Mercer Finds Lack of Pandemic Planning

A global survey study conducted by Marsh Mac’s Mercer Human Resource Consulting has determined that while “evidence of the global spread of avian flu increases, there is a striking gap between companies’ concern about the impact of a human pandemic …