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

Mass. Fair Plan to Refile Next Week

The Massachusetts Property Insurance Underwriting Association (the Fair Plan) will submit a request for new rates by the end of next week, just under the deadline. Massachusetts Insurance Commissioner Julianne M. Bowler gave the Fair Plan 30 days from June …

Tort Reformers Scoff at Trial Lawyer Group’s Name Change

The Association of Trial Lawyers of America voted this week during its national convention in Seattle to change its name to the American Association for Justice. ATLA leaders say the name more accurately reflects what they do. Of course, the …

N.D Poolman Says Storm Damage Estimated at $2 Million

Damage from a storm in Coleharbor, N.D. has been estimated at just under $2 million, state Insurance Commissioner Jim Poolman says. Officials believe straight-line winds of about 100 mph likely caused the damage on July 12, knocking out power and …

Ohio Workers Comp Bureau Agrees to $52 Million Settlement

The Ohio Bureau of Workers’ Compensation agreed this week to drop its appeal and pay $52 million awarded to injured state employees in a class-action lawsuit. The bureau had argued that state laws prevented workers from being paid twice _ …

Allstate Beats Wall Street Projections, Ups 2d Quarter Profit 5%

Allstate Corp. said this week that growth in premiums and stronger property-liability underwriting helped the insurer increase second-quarter profit by 5 percent. The nation’s largest publicly traded home, car and life insurer reported net income of $1.21 billion (euro970 million), …

Mass. Escapes Worst of Beryl

The National Hurricane Center discontinued its tropical storm warning for southeastern Massachusetts and Cape Cod early this morning as Tropical Storm Beryl weakened and moved north toward Nova Scotia. The storm passed through the area with average winds of under …

Miss. Judge Has Katrina Insurance Lawsuit Case

A groundbreaking case that challenges one of the nation’s largest insurers for refusing to cover damage from Hurricane Katrina’s monster storm surge went into the hands of a federal judge on Wednesday. U.S. District Judge L.T. Senter Jr., who presided …

W.Va. Claimant Arrested for Workers’ Comp Fraud

Jerry Lee McClelland Jr. has been arrested on one felony count of receiving workers’ compensation benefits for a term longer than he was entitled, according to West Virginia Insurance Commissioner, Jane L. Cline. McClelland, of Collier County, W.Va. was receiving …

Contractor Fined in Mass. Building Collapse

Federal workplace safety regulators have fined a demolition contractor more than $164,000 for alleged safety violations, including numerous violations at a building collapse in Holyoke, Mass. that killed one worker and seriously injured another. Associated Building Wreckers Inc. of Springfield …

Fake Saudi Princess Gets Jail for Insurance, Credit Fraud

A judge striving to be the fairest of them all on Tuesday sentenced to a year in jail a woman who pretended to be a Saudi Arabian princess as she fleeced insurance and credit card companies. It was not a …