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

Texas Mutual Increases Scholarship

Texas Mutual Insurance Company (www.texasmutual.com) announced that it is increasing its scholarship assistance program. The program will pay up to $4,000 for tuition and fees and up to $500 for course-related books and supplies, per semester or equivalent, to qualifying …

Program Lets Mich. Employers File Jobless Claims for Their Workers

Over the past 12 months, the State of Michigan reportedly accepted nearly 160,000 unemployment claims from workers with five of Michigan’s largest employers. In a twist, however, the claims were not filed by the workers but by their employers. “DaimlerChrysler …

Pa. Department Monitors Private Passenger Auto Marketplace to Analyze Reform Efforts

The Pennsylvania Insurance Department continues to monitor the private passenger automobile insurance marketplace, in an effort to analyze the effects of reforms enacted under Act 6 of 1990. Through a recent evaluation, it was reportedly determined that additional savings should …

N.J. Pharmacist Pleads Guilty to Medicaid Fraud

New Jersey Attorney General Peter Harvey announced that a Union County pharmacist has pleaded guilty to Health Care Claims Fraud for reportedly submitting fraudulent prescriptions to the Medicaid Program. According to Vaughn McKoy, director, Division of Criminal Justice and Insurance …

IBHS Offers Advice on Remaining Safer From Disasters in 2004

Earthquakes shook both coasts, wildfires scorched southern California, a hurricane shut down the nation’s capital, hail rained down in the southwest and deadly windstorms blew chaos across several Midwestern states. Across the United States in 2003, natural disasters came in …

N.C. DOI Fines Blue Cross $1.8 Million in Claims Case

North Carolina Insurance Commissioner Jim Long signed a consent order requiring Blue Cross Blue Shield of North Carolina to pay a civil penalty of $1,825,000 for reportedly violating the state law that governs how health insurance companies handle emergency claims. …

Fire-Area Residents Urged to Prepare Home, Finances for Winter Storms

As more winter storms approach California, homeowners in fire-ravaged areas are cautioned to guard their homes against the destructive power of flash floods, according to the Insurance Information Network of California. Recent fires have reportedly stripped hills of natural vegetation, …

Munich Re 2003 Catastrophe Study – Fatalities up 450 Percent; $15 Billion Insured Losses

Munich Re has released its analysis of natural catastrophes in 2003 and concluded that economic and insured losses continue to increase at a high level. Preliminary portions of the study had been presented at the recent meeting of the Intergovernmental …

Quake Insured Losses Pegged at $40 Million to $60 Million

The earthquake that struck California’s central coast on Dec. 22 could generate insurance claims of between $40 million and $60 million. The initial shockwave, registering 6.5 on the Richter scale, was followed by nine aftershocks of at least 4.0 in …

N.D. Man Ordered to Pay $55,000 Restitution for Comp Fraud

A Mandan, N.D., man was ordered to pay $54,679 in restitution to Workforce Safety & Insurance after pleading guilty to fraud in South Central District Court Dec. 16, according to a statement released by the North Dakota Department of Insurance. …