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

Mo. Rockhill Holdings Acquires Plaza Insurance

Rockhill Holdings recently announced the acquisition of Plaza Insurance Co. (PIC), formerly National Alliance Insurance Co. PIC is a Mo.-domiciled property/casualty insurer admitted in 38 jurisdictions. Initial lines of business for PIC will be specialty surety and other specialty property …

Zurich Introduces Online Surety Bond Validating System

Zurich introduced the “Surety Bond Validator,” a new system for commercial and construction surety bond customers in the U.S. to confirm that a Zurich surety bond is valid. “Millions of dollars in fraudulent surety bonds have been purchased during the …

Ind. Department, Institute, Investigators Host 2007 Insurance Fraud Seminar

Insurance and fraud groups are inviting insurance professionals to a half-day Insurance Fraud Seminar scheduled for Tuesday, Aug. 28, at the Indiana Government Center. The event is hosted by the Insurance Institute of Indiana, the Indiana Chapter of the National …

FEMA Officials Plan to Survey Flood Damage in Okla.

Federal officials plan to survey damage and talk to residents this week in flood-ravaged neighborhoods in Bartlesville and Dewey, Okla., where more than 3,000 people were displaced when the Caney River flooded its banks last week. Representatives of the Federal …

Report Shows Mix of Decisions Resulted in Failed New Orleans Levees

There was no single decision made involving the New Orleans hurricane-protection levee system that shaped its failure to defend the area from flooding resulting from Hurricane Katrina, according to a comprehensive study of the system over the past 50 years. …

Texas Can Pay Back Small Employers for Some Workplace Alterations

The Texas Department of Insurance (TDI) can reimburse small, non-public employers for up to $2,500 in expenses for special equipment, furniture and other workplace modifications that allow an injured employee to return to work. TDI also will soon be able …

Lawyer to Plead Guilty in Class Action Kickback Scheme

David J. Bershad, a former partner of the New York law firm Milberg Weiss & Bershad LLP, has agreed to plead guilty to a federal conspiracy charge in connection with kickbacks the firm paid to plaintiffs in class action and …

Del. Court: Employee Horseplay May Fall Outside Workers’ Comp Law

A Delaware oil refinery worker injured in a practical joke by his co-workers may be allowed to sue them, the state Supreme Court has ruled. Stephen Grabowski was injured in October 2000 when three co-workers grabbed him in a bathroom …

FBI Data Mining Targets Include Insurance Fraud Suspects

The FBI is gathering and sorting information about Americans to help search for potential terrorists, insurance cheats and crooked pharmacists, according to a government report. Records about identity thefts, real estate transactions, motor vehicle accidents and complaints about Internet drug …

Lloyd’s CEO Puts the Hammer Down

“I have no doubt that there is a shared will in the market to improve our processes and much progress has been made,” stated Lloyd’s Chief Executive Richard Ward in response to a letter sent to the market by Market …