Monthly Archives: <span>February 2007</span>

Texas Harvester Sentenced for Workers’ Comp Fraud

Texas Mutual Insurance Company reported that Patricia Chavez of Sabinal, Texas pleaded guilty to workers’ compensation fraud-related charges. The Travis County 390th Judicial District Court sentenced Chavez to three years of deferred adjudication. The court also ordered Chavez to perform …

Arkansas 9th in Nation in Road Fatality Rate

With nearly 650 traffic fatalities each year, Arkansas has a higher rate of deaths on streets and highways than 41 other states, according to a report released by a national transportation research group. “Getting Home Safely: An Analysis of Highway …

La. Officials Urge Federal Role in Hurricane Insurance

Louisiana state senators say they will ask Congress to have the federal government insure homes against hurricane damage, as it does for floods. “Y’all won’t sell it, so why not get the federal government to do it?” Sen. James David …

Wis. Appeals Court Revives Wrongful Death Lawsuit

A Wisconsin state appeals court has revived a wrongful death lawsuit in a dispute over whether a family and its insurance company could be liable because a teenager who drove through a stop sign and caused a fatal crash was …

Ohio State Auto Offers Reimbursement when Anti-theft Devise Installed

The State Auto Insurance Cos., a regional property and casualty insurance group, has announced enhanced coverage for customers who have installed technology that can help quickly recover stolen vehicles or equipment. State Auto will reimburse the insured’s deductible on personal, …

N.J. Man Indicted on Arson Again, Officials Say

An Atlantic County man previously convicted of insurance fraud has been named in a new state grand jury indictment charging him with arson, according to New Jersey Attorney General Stuart Rabner and Criminal Justice Director Gregory A. Paw announced that …

Aspen to Release Q4, Full Year Results Today; Conference Call Details

Bermuda-based Aspen Insurance Holdings Limited will release its fourth quarter and year-end 2006 financial results today, Thursday, February 8, 2007, following the closing of the U.S. markets. The Company will hold a conference call to discuss its financial results on …

Willis Reports Strong Q4, FY Results

Global insurance broker Willis Group Holdings Limited posted strong results for the quarter and year ended December 31, 2006, reporting that commisions and fees increased by seven percent in 2006 up from zero percent in 2005. Separately, the Board of …

XL Q4 Net $471.1 Million; $1.72 Billion Full Year

Bermuda’s XL Capital reported net income available to ordinary shareholders for the quarter ended December 31, 2006 of $471.1 million, or $2.62 per ordinary share, compared with a net loss of $821.9 million, or $5.51 per ordinary share, for the …

Fla.: Citizens Tornado Claims Payments Top $500,000

Citizens Property Insurance Corp. paid out more than $520,000 in claims payments to policyholders affected by the Feb. 2 storms according to a company official. “We’ve paid $521,951 in damage claims and have another $200,000 in checks that are being …