Monthly Archives: <span>February 2003</span>

Ill. Doctors Protest Premiums in Capitol Rotunda

Approximately 300 Illinois doctors, most from the Chicago area, staged a “white-coat rally” in the rotunda of the state’s capitol in Springfield on Wednesday. Illinois already has limits on non-economic and punitive awards in health care cases, but doctors are …

MIIX Group Reports 4thQ, Full Year Results

The New Jersey based MIIX Group, Inc., a provider of medical professional liability insurance services, announced a net operating loss for the fourth quarter ended Dec. 31, 2002, of $63.7 million, or $4.77 per share, compared to a net operating …

Oxendine Expresses Concerns About Ga. Market

Georgia Insurance Commissioner John Oxendine recently spoke out on the need for judicial reform as a way to encourage insurers to compete for business in the state. According to the National Association of Independent Insurers (NAII), in a recent presentation …

FORTIS “Goes Live” with FINEOS Disability Claims Management System

FINEOS Corporation, a leading innovator of insurance and banking software, has just announced that Fortis Benefits Insurance company has gone live with its multi-channel intake and claims management system, FINEOS Disability Claims Manager. Implemented over nine months, the solution has …

Calif. Commissioner Targets Ailing Workers’ Comp System

Based on recommendations from two stakeholder advisory panels, Calif. Insurance Commissioner John Garamendi is proposing immediate action in seven areas to restructure California’s ailing workers’ compensation system, which experts agree is driving businesses out of California. The seven areas of …

Regional Insurer Chooses AFS Product for Remittance Processing

Advanced Financial Solutions Inc. (AFS), a provider of image-based remittance processing solutions for insurance, based in Oklahoma City, announced that a prominent regional insurance company has selected the AFS ImageVision Remittance solution as the centerpiece of their new remittance processing …

Federal Officer Charged With Torching Truck in Fla. Scam

A Gulf County, Florida man who happens to be a federal law enforcement officer, was arrested for setting his 1999 Chevrolet Z71 truck allegedly in order to collect insurance money. According to the Florida Department of Financial Services, Robert Gay, …

Coalition Says N.J. Drivers Have Fewer Choices

New Jersey’s insurance crisis reportedly took yet another turn for the worse Wednesday when the New Jersey Department of Banking and Insurance allowed New Jersey Manufacturers Insurance Group, the state’s largest insurer, a respite from quoting rates to drivers seeking …

Alaska Supreme Court to Decide UM/UIM Coverage Limits Case

The Supreme Court of Alaska will decide whether state law requires that personal auto insurance companies include price terms when offering optional uninsured/underinsured motorist coverage limits. The court will also determine the appropriate remedy for improper or inadequate offers of …

Mich. Legislation Introduced to Stabilize Market for Small Business Insurance

Legislation introduced Tuesday in the Michigan House shows continuing strong support across the state for small business health insurance market reform that will help stabilize the marketplace and prevent the practice of cherry-picking, according to Blue Cross Blue Shield of …