Monthly Archives: <span>January 2005</span>

Fitch Affirms Rating for St. Paul Travelers Ratings After Asbestos Charge; Outlook is Stable

Fitch Ratings has affirmed the ‘A-‘ long-term issuer and senior debt ratings of The St. Paul Travelers Companies Inc. (STA), Travelers Property Casualty Corp. and Travelers Insurance Group Holdings. The ‘AA-‘ insurer financial strength (IFS) ratings of the members of …

Fla. Attorney General Comments on Marsh Agreement

Florida Attorney General Charlie Crist, released the following statement after the announcement of an $850 million settlement between Marsh & McLennan and the New York State Attorney General and the Superintendent of the New York State Insurance Department that resolves …

Minn. Residents Don’t Need to Be Left Out in the Cold When it Comes to Ice Dams

Take advantage of the moderate winter weather and prepare for an inevitability of winter in Minnesota: ice dams. Many homeowners reportedly run the risk of developing ice dams, which occur after a heavy snowfall and several days of freezing temperatures. …

The Cincinnati Insurance Cos. Names New Manager of Field Claims Operations

The Cincinnati Insurance Companies announced that Charles Stoneburner has been appointed manager of field claims, effective immediately. In this position, he will lead the Field Claims department, which continues as a division of Operations reporting to Senior Vice President Timothy …

Common Misunderstandings May Cause Some Ind. Victims to Miss Disaster Assistance

In the first few weeks following a disaster, residents may be misled by half-truths and rumors they hear about how to get help and the various assistance programs that are available. According to state and federal disaster recovery officials, the …

Ohio Man Sentenced for Lapsed Comp Coverage

The Ohio Bureau of Workers’ Compensation (BWC) announced a Lisbon man has been sentenced for a misdemeanor charge of workers’ compensation fraud. Kenneth Miller, owner of JIT Pallets Inc., was sentenced to two years probation, 80 hours community service to …

N.J. Man Charged in Auto Insurance ‘Give Up’ Scam

New Jersey Division of Criminal Justice Director Vaughn McKoy announced that the Division of Criminal Justice – Office of Insurance Fraud Prosecutor has obtained an indictment charging a Passaic County man with conspiracy, attempted theft by deception and insurance fraud …

Screen Barriers Protected Fla. Firehouses as Hurricane Charley Roared Through Orlando

During Hurricane Charley, Fire Station No. 66 in Orlando survived sustained winds of 55 mph and gusts of 97 mph without damage to the stationhouse or equipment. Emergency readiness was never compromised reportedly thanks to the installation of a flexible, …

New Members Added to DKI Network

Disaster Kleenup International Inc., a network of quality, independent property damage restoration contractors, announced that three new members recently joined the organization to strengthen DKI’s national network. These new DKI members are: Missouri Contracting & Cleaning, Inc., based in Kansas …

Crawford Sees Gain in Q4 Revenues, Net Income

Atlanta-based Crawford & Company announced its financial results for the fourth quarter ended Dec. 31, 2004. Fourth quarter 2004 revenues before reimbursements totaled $205.8 million, up 18% over the $175.1 million reported in the 2003 fourth quarter. Fourth quarter 2004 …