Monthly Archives: <span>July 2004</span>

Allstate New Jersey, Encompass Insurance to Receive $6.65 Million Award in Fraud Case

The United States Bankruptcy Court in Newark, N.J. has ordered a former New Jersey chiropractor to pay Allstate New Jersey Insurance Company and Encompass Insurance more than $6.6 million dollars. U.S. Bankruptcy Court Judge Rosemary Gambardella said Mathew E. Lister, …

Some Tenn. Users of Buspar Drug Eligible for Refunds

Tennessee Attorney General Paul Summers announced some residents will be getting refunds after they were allegedly overcharged for an anti-anxiety drug manufactured by Bristol-Myers Squibb Company. Checks were being mailed to an estimated 1,143 Tennesseans who filed claims for reimbursement …

N.C. Commissioner Signs Race-Based Premium Settlements with Trio of Companies

North Carolina Insurance Commissioner Jim Long has signed three settlement agreements with companies that reportedly participated in discriminatory rating practices in North Carolina. The settlements with the companies, Cincinnati Life Insurance Company, American National Life Insurance Company and New York …

Okla. Grand Jury Once Again Hears Testimony on Fisher

Oklahoma Insurance Commissioner Carroll Fisher’s troubles keep mounting. Fisher was recently taken out of the race for the U.S. Senate by Democratic rival, U.S. Rep. Brad Carson, 37, who won the Democratic primary vote by a wide margin. Now his …

ABD Insurance and Financial Services Adds Davidovich to H.R. Department

California-based ABD Insurance and Financial Services, a provider of global risk management and employee benefits solutions, announced the addition of Bill Davidovich as senior vice president, human resources. Davidovich joins ABD’s Redwood City headquarters from Blue Shield of California in …

IIABA of N.Y. Backs Case for Reauthorization of TRIA

The Independent Insurance Agents & Brokers of New York Inc. has taken its case for reauthorizing the Terrorism Risk Insurance Act of 2002 before the end of the year to Capitol Hill. Three members of the Syracuse-based trade association’s leadership …

St. Paul Travelers Unveils Results from Study on Equipment Rental Industry Mishaps

Accidents involving rented items such as lifts, forklifts, trailers, tents and chairs posed the greatest risks for consumers and were associated with the highest numbers of fatalities, injuries and damages in the equipment rental industry, according to the findings of …

Anthem/WellPoint Reportedly Will Sue Calif. Insurance Commissioner Over Blocked Merger

Anthem Inc. announced plans earlier this week to file a lawsuit against California Insurance Commissioner John Garamendi for reportedly blocking part of its planned buyout of WellPoint Health Networks. The Foundation for Taxpayer and Consumer Rights (FTCR) called Garamendi’s decision …

IMACC Turns Away Contractors to Protect Commitment to Excellence

In order to maintain its commitment to providing high-quality claims mitigation services, Illinois-based IMACC, the Independent Mitigation and Cleaning/Conservation network, has reportedly turned away nearly one fifth of applicants for membership in its first 90 days of operation. “We have …

Consumer Agency Targets Swimming Pool Safety

As part of its efforts to reduce the rate of child drownings, and deaths and injuries due to entrapments in pool and spa suction outlets, the U.S. Consumer Product Safety Commission (CPSC) is holding public hearings this summer on pool …