Monthly Archives: <span>April 2012</span>

Business Moves

LWG Consulting LWG Consulting has merged with Newark, N.J.-based Electronic Loss Consultants. Prior to the merger, Electronic Loss Consultants, managed by Stephen Aghaei, offered equipment loss consulting and equipment restoration services to insurance claims professionals primarily along the East Coast …

Dollars & Sense

$7.8 Billion The $7.8 billion settlement deal struck by BP Plc with businesses and individuals suing over the massive 2010 Gulf of Mexico oil spill could speed up payments to thousands of claimants and offers lawyers a potential windfall in …

Good Faith in Handling First Party Property Claims

If there is one thing that is the scourge of claims handlers, it is the allegation of bad faith. And contrary to what insured attorneys want their clients to believe, breaches of good faith are rarely on purpose. It’s “usually …

Some Frustration with Payment Delays, Reductions

While insurers responded quickly after the tornado struck Joplin, issuing payments for destroyed homes within weeks, they took longer to resolve contents payouts. According to Ron Richard, a Missouri state senator who sponsored legislation (SB 619) designed to address the …

State Legislatures Make Headway in Battle Against Fraud

Lawmakers in several states are trying to squeeze crash rings that bedevil auto insurers with bogus injury claims. Shady wheel deals steal billions of dollars each year. But reforms have no certainty of passage despite large public benefits, as interest …

Alligator Visits Louisiana Motel, Bites Guest

Authorities in Louisiana say a 6-foot alligator showed up at the front door of a Super 8 Motel outside Baton Rouge and bit a guest. West Baton Rouge Parish Sheriff Mike Cazes tells The Advocate his office got the call …

Bus Collides With Truck in East China, Killing 23

A state news agency says at least 23 people were killed when a bus collided head-on with a truck in eastern China in the latest serious accident on the country’s chaotic roads. Xinhua News Agency says the accident happened Thursday …

Maine Company Recalls a Ton of Beef

A Maine meat distributor has announced that it is recalling more than a ton of beef products that may be contaminated with the E. coli bacteria. The U.S. Department of Agriculture’s Food Safety and Inspection Service said Wednesday that the …

Los Angeles Firefighter Charged With Insurance Fraud

Prosecutors say a Los Angeles city firefighter and mixed martial arts fighter has been charged with insurance fraud for allegedly filing false workers’ compensation claims. The district attorney’s office says 35-year-old Raphael Davis was arrested at his Lomita home around …

Louisiana School Board Considers Insurance Options

The St. Landry Parish School Board has voted to begin receiving quotes for the Louisiana district’s property, casualty and liability insurance coverage. The Advocate reports board attorney Gerard Caswell recommended Wednesday that school system officials request paying the insurance premiums …