Monthly Archives: <span>March 2008</span>

New York Prosecutors Charge 11 in $6M Fake-Accident Insurance Scam

Eleven people, including three doctors, have been indicted on charges of running a medical mill that stole more than $6 million from insurance companies by staging fake car crashes and giving phony victims unneeded treatment. The 11 people, all arrested …

Hannover Re Group Net Income up 42.6% to $1.144 Billion

Germany’s Hannover Re reported excellent result for 2007 with the Group’s net income up 42.6 percent to €733.7 million ($1.144 billion. “We surpassed our profit targets and reported the highest Group net income in our company’s history”, stated an elated …

S&P Report Examines Solvency II Impact on Europe’s Insurers

Standard & Poor’s Ratings Services new report -“One In Four Of Europe’s Insurers Could Face Major Strategic Decisions Under Solvency II” – concludes that the regulations, which are scheduled to come into force in 2012, “will have a profound impact …

Ex-NFL Player McCants, Driving without Insurance, Jailed in Alabama

Former linebacker Keith McCants, who played for Alabama before a stint with the NFL’s Tampa Bay Buccaneers, is serving 10 days in jail after being arrested for driving without insurance. Police stopped McCants, 39, of Mobile as he drove a …

Arizona House Considers Workers’ Comp Bills

Arizona lawmakers are considering two workers’ compensation bills that would change how workers’ compensation benefits are calculated and awarded, and allow more communication with the doctors of injured workers. House Bill 2828, sponsored by House Majority Whip John McCormish of …

Final Tsunami Detection Buoys Installed

The National Oceanic and Atmospheric Administration said the last two tsunami detection buoys have been placed, completing the U.S. tsunami warning network. The two sensors were deployed off the Solomon Islands and will provide real-time data about destructive waves that …

U.S. Judge Tosses $2.5 Million Punitive Damages in Dole Pesticide Case

A judge has reportedly dismissed the $2.5 million in punitive damages awarded by a jury to five farmhands who claim they were made sterile by a pesticide Dole used in Nicaraguan banana plantations in the 1970s. If the ruling is …

FBI Probes How Herbal Pills Got in Recalled Fish Fillets

The Federal Bureau of Investigation is trying to find out how herbal supplements got into a family’s frozen fish dinner, a discovery that prompted a voluntary recall in 11 states. An FBI spokeswoman in Philadelphia, Jerri Williams, said agents were …

Former N.D. Work Comp Exec, House Leader Want CEO Job

A former North Dakota workers’ compensation director and a one-time state House majority leader are among those interested in serving as a temporary chief executive at Workforce Safety and Insurance, agency directors said. Another potential candidate, Heidi Heitkamp, a former …

Attorney: Illinois Wife Didn’t Know About Faked Death Scheme

The attorney for a woman whose husband allegedly faked his own death and assumed another man’s identity said the Lake Barrington, Illinois woman knew nothing of the plot. Police called Denise Squire a person of interest in the case. She …