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

Ark. Work Comp Commission Updates Mileage and Compensation Rates

The Arkansas Workers’ Compensation Commission recently announced updates for mileage reimbursements for claimants, compensation rates for injured employees and forms for child support obligations. Claimant mileage rate increases The mileage reimbursement rate for claimants traveling to and from medical providers …

17 Indicted in La., Accused of Staging Wrecks for Insurance Payments

A federal grand jury in Shreveport, La., has indicted 17 people for allegedly staging car accidents in order to get money from insurance companies, the U.S. Attorney’s Office said Aug. 15. The indictment was made public following the execution of …

N.C. Appellate Court Sides with Insurer in Denying Pre-Storm Coverage

An insurance company legally denied coverage to a business seeking to renew its policy in the days before Hurricane Isabel struck North Carolina, the state’s Court of Appeals ruled Aug. 15. HPB Enterprises, the owner of a waterfront community on …

Floridians Flock to Get Home Hurricane-Preparedness Inspections

Florida homeowners on Aug. 15 flocked to a new state program that offers free hurricane-preparedness inspections and grants to help cover the cost of improvements. More than 3,500 people applied online within hours after the state began accepting applications. The …

Attorney General: Kan. to Receive $58,065 in Glaxo SmithKline Settlement

Kansas Attorney General Phill Kline recently announced he had reached a settlement with pharmaceutical giant Glaxo SmithKline to resolve allegations that it improperly inflated the “average wholesale price” paid by the state’s Medicaid program for certain of its prescription drugs. …

Fargo City Commission Approves $2 Million Settlement with State University

The Fargo City Commission has approved a $2 million settlement with North Dakota State University for damage from a storm that flooded the Fargodome in 2000. School officials said the campus suffered heavy damage when rainfall runoff got into the …

Chicago Fort Dearborn Life Acquires HM Life Insurance Company

Chicago-based Fort Dearborn Life Insurance Co., a subsidiary of Health Care Service Corp. (HCSC), a Mutual Legal Reserve Company, has completed the acquisition of the life and disability business of HM Life Insurance Company (formerly Highmark Life Insurance Company). “Fort …

N.D. Man Pleads Guilty to Selling Bogus Malpractice Insurance

A man who sold bogus medical malpractice insurance to Fargo’s Red River Women’s Clinic and other abortion providers has pleaded guilty to fraud and money laundering, North Dakota Insurance Commissioner Jim Poolman said. William A. Ledee III, 63, agreed to …

Tower Report Urges Industry, Gov’t., Public to Rethink Cat Management

A new research report from the TowerGroup finds that “without a concerted effort by all parties to support a holistic solution to catastrophe management, the dire predictions of insolvency in the insurance sector and general economic upheaval across the United …

Best Affirms QBE Re-U.S. ‘A’ Ratings

A.M. Best Co. has affirmed the financial strength rating (FSR) of “A” (Excellent) and the issuer credit rating (ICR) of “a” of the >New York-based QBE Re Group – U.S. and its subsidiaries. The rating action applies to Philadelphia-based QBE …