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

Circuit Court Judge Orders Florida Select into Rehabilitation

A Leon County Circuit Court Judge has ordered Florida Select Insurance Company into rehabilitation according to Tom Gallagher, Florida’s CFO. Under the order, the company’s 70,000 homeowners policies are not cancelled at this time and the company may continue to …

Aparicio Honored as ‘Insurance Investigator of the Year’

Blanca Aparicio, manager of United Automobile Insurance Group’s Special Investigative Unit in North Miami Beach, Fla. was honored with the 2006 “Insurance Investigator of the Year Award” presented by the Florida Insurance Fraud Education Committee. The award is presented based …

Erie Indemnity Selected for NASDAQ Global Select Market

Erie Indemnity Company (NASDAQ:ERIE) of Erie, Pa., is now included in the new NASDAQ Global Select Market. Prior to the change, the company had been listed on the NASDAQ National Market. The NASDAQ Global Select Market claims to have the …

Del. Chief Hails Anti-Fraud, Med Mal Bills; Vows Retry on Credit Score Ban

According to Insurance Commissioner Matt Denn, the 2006 Delaware General Assembly session produced some positive accomplishments, but also left some of what he says are his pro-consumer initiatives undone. “There are a few we won and a few we didn’t,” …

France vs. Italy in World Cup Final

An impenetrable defense and a killer penalty goal from its 34-year old captain, Zinadine Zidane, propelled France into the World Cup Football (Soccer) final tonight. The final score – France 1/Portugal 0 – doesn’t do justice to a match played …

Puerto Rico Appeals Window on Countersignature Law Expires

The Commonwealth of Puerto Rico failed to file a timely appeal of a ruling by the U.S. Court of Appeals for the First Circuit, meaning an earlier federal court decision striking down Puerto Rico’s controversial countersignature law as unconstitutional is …

Insurance Auto Auctions Acquires Auto Disposal Systems

Westchester, Ill.-based Insurance Auto Auctions, Inc., has acquired Auto Disposal Systems Inc, or ADS, one of the largest independent salvage pool companies in the United States. The deal includes seven locations in Ashland, Ky., Buckhannon, W.VA, and in Cincinnati, Cleveland, …

Motorcycle Safety Is Second-Class; 29 States Now Say No to Helmet Laws

In Illinois and Iowa, motorists can get tickets for not wearing seat belts. In Connecticut, they are prohibited from talking on cell phones. And in New Hampshire, motorists can be fined if they are involved in an accident while applying …

GMAC/ABA Seguros enters Mexico Tourist Auto Insurance Market

Flagstaff, Arizona – As the premium volume for Mexico tourist insurance continues to boom, fueled by an increase in the Hispanic market and escalating tourism to Mexico, another well-respected insurer has entered the market. ABA Seguros, GMAC’s Mexico Insurance subsidiary, …

Washington Workers’ Compensation Benefits to Increase 3.5 Percent

Workers currently receiving Washington workers’ compensation wage-replacement or pension benefits will receive a 3.5 percent cost-of-living increase. State law requires that benefits be recalculated each July 1 to reflect the change in the state’s average wage from the previous calendar …