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

Buyer found for Hawaiian Insurance & Guaranty Ltd.

Hawaii Insurance Commissioner J.P. Schmidt, as liquidator of The Hawaiian Insurance & Guaranty Co. Ltd., has announced that an agreement has been reached with a buyer for HIG. While the commissioner’s office says the name of the buyer is confidential …

Oregon Seeks to Revoke Agent’s License for Fraud

The Oregon Department of Consumer & Business Services (DCBS) is proposing to revoke the insurance agent’s license of a Lane County funeral home owner for allegedly filing false insurance claims. Carolyn R. Franklin, also known as Carolyn R. Hardman, has …

California Governor Signs Bill to Increase Minimum Wage

California Gov. Arnold Schwarzenegger signed AB 1835 by Assemblymember Sally Lieber, D-Mountain View, that will raise the minimum wage to $8 an hour by Jan. 1, 2008, which is greater than any other state. “Raising the minimum wage is something …

Auditor Gets $555,000 for Company to Review Ohio Workers’ Comp

Ohio State Auditor Betty Montgomery received permission Monday to replace the auditing agency the embattled Bureau of Workers’ Compensation fired in May for holding back its opinion of the bureau’s finances because of ongoing criminal investigations. The state Controlling Board, …

NetRate Systems, Inc., QualCorp, Inc. and VRC Insurance Systems Announce Three-way Systems Integration

NetRate Systems, Inc. (Okemos, MI), QualCorp, Inc (Valencia, CA) and VRC Insurance Systems (Westlake Village, CA) are jointly announcing plans to provide coordinated Rating, Policy Issuance, and Policy Administration through seamless integration of data between their respective systems. The integrated …

Slavery Reparations Case to be Heard Sept. 27 in Chicago Courtroom

Oral arguments in the landmark slavery reparations cases against corporations will take place on Sept. 27, 2006, 9:30 a.m., in the 7th Circuit Court of Appeals, at 219 South Dearborn Street in Chicago, Illinois. The cases were filed by plaintiffs …

Roseville Broker Arrested for Grand Theft, Forgery and Insurance Fraud

California Insurance Commissioner John Garamendi announced the arrest of insurance broker Mindy Elizabeth Latorre, 34, of Lincoln, Calif., for 58 felony counts of grand theft, forgery and insurance fraud. She was booked at the Placer County Jail on $500,000 bail. …

Businesses Help Bring Down Hawaii Workers’ Comp Insurance Rates

The Hawaii Department of Commerce and Consumer Affairs’ Insurance Division announced that the National Council on Compensation Insurance (NCCI) has filed a request for a decrease of 12.3 percent in the workers’ compensation loss costs. The filing would affect premiums …

NHC Tracking 3 Storms

Forecasters at Miami’s National Hurricane Center are having a busy week. They’re currently tracking one hurricane, Florence; one tropical storm, Gordon and one tropical depression, No. 8. Florence passed close to Bermuda on Monday (See IJ Website, Sept. 11). High …

Texas Workers’ Comp Educational Session Offered in Beaumont Oct. 12

The Beaumont Field Office of the Texas Department of Insurance, Division of Workers’ Compensation (DWC) is hosting a brown bag educational session on “What the New Emphasis on Return to Work Means to Employers” for health care providers, employers, human …