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

Mississippi Asks for Federal Disaster Declaration in Hinds County

Mississippi Gov. Haley Barbour asked the federal government to declare Hinds County a major disaster area after the county sustained large amounts of damage from severe weather and a tornado on April 4. In Barbour’s letter to the president and …

West Virginia Man Sentenced in Insurance Fraud Case

West Virginia officials sentenced a Kanawha County man on April 10 for a misdemeanor count of insurance fraud committed in 2006, according to West Virginia Insurance Commissioner, Jane L. Cline Meddie R. Dunlap, 56, of Alum Creek, W. Va., pleaded …

Mississippi Woman Jailed on Insurance Fraud Charge

A 43-year-old Gautier, Miss. woman has been arrested and charged with one count of insurance fraud, according to Attorney General Jim Hood. Hood said in a statement that Eva Pierce was arrested on April 8. Hood’s statement said Pierce’s arrest …

Report: Underwriting Hurt Insurers’ Bottom Lines in 2007

Steep declines in underwriting profits hurt bottom lines for property casualty insurers, which saw their 2007 profits slip slightly from a year earlier, a new report from three industry groups says. The industry’s net income after taxes fell 5.8 percent …

State of Emergency Issued for 12 Mississippi Counties after Tornadoes

Mississippi Gov. Haley Barbour declared a state of emergency for 12 Mississippi counties Monday after a severe weather system and tornadoes hit parts of Central Mississippi, including the Jackson Metro area on April 4. Barbour announced the emergency declaration while …

Connecticut Supreme Court Allows State’s Damages Suit against Marsh

Connecticut’s Attorney General Richard Blumenthal can attempt to recover damages from Marsh & McLennan Inc. for harming the economy of the entire state, the state’s Supreme Court ruled. The ruling stems from a still-pending 2005 suit against Marsh that alleges …

Report: Insurance Fraud Finances Diversion of Prescription Drugs

Insurance fraud is a major financier of the nation’s large-scale diversion of addictive prescription drugs, but too few insurers realize fraud may cost them billions of dollars in total diversion-related losses a year, says a new report by the Coalition …

AIG Consolidates General Insurance Claims Operations

American International Group, Inc. consolidated its General Insurance Claims operations naming Charles R. Schader as chief claims officer for General Insurance. Schader will now run both AIG Foreign General Insurance and AIG Property Casualty Group claims operations. He will report …

Chrysler Recalls 212,000 Cars

Chrysler LLC is recalling 212,347 Chrysler Sebring and Dodge Avenger passenger cars worldwide to fix an electrical problem that could lead to engine stalling and other issues. The National Highway Traffic Safety Administration said in a posting on its Web …

Texas Supreme Court to Rehear Workers Comp Case

The Texas Supreme Court has agreed to rehear a case from Jefferson County dealing with the scope of the state workers’ compensation law. The court has not yet set the date for new arguments but said it will rehear Entergy …