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

Wash. Highway Safety Improves; Fatalities Drop Below 600 for First Time Since ’61

For the first time since 1961, traffic fatalities in Washington State dropped below 600, according to Gov. Christine Gregoire. Highway safety has reportedly shown great improvement in the past two years as the number of traffic-related deaths has dropped more …

CFC Notes Support for Opt-Out Settlement Process

The Claims Facilitating Committee (CFC) announced this week that lawyers representing nearly half of all claimants who have pending lawsuits against Wyeth related to the ingestion of diet drugs have agreed to recommend that their clients participate in the settlement …

Former N.J. Political Party Chairman, Others Charged with Raiding Health Fund

A federal grand jury recently returned a five-count indictment against a former Sussex County political party chairman and two other individuals for their roles in embezzlement schemes that victimized Local 16 of the United Service Workers of America in Newton …

BWC Continues to Trim Rising Health Care Costs

The Ohio Bureau of Workers’ Compensation (BWC) announced recently paid medical costs for workers’ compensation claims were 6.1 percent, or more than $27 million, lower than expected medical costs for the first half of fiscal year 2005. The reduced costs …

Personal Injury Cash Advance Firms Say Yes to Reforms

New York Attorney General Eliot Spitzer on Monday announced that his office has obtained agreements with nine companies that will reportedly change the way cash advance companies do business with New Yorkers with pending personal injury claims or lawsuits. The …

Lexington Unveils New Service to Protect Municipalities Against Losses Resulting from Property Damage

Lexington Insurance Company, a member company of American International Group Inc. (AIG), has launched Tax Interruption Insurance, a new product that responds to the financial losses a municipality suffers when sales, property, or other scheduled tax revenue streams are disrupted …

RenaissanceRe Receives Subpoena from SEC

RenaissanceRe Holdings Ltd. announced that it has received a subpoena from the Securities and Exchange Commission in connection with an industry-wide investigation into non-traditional insurance products. According to RenaissanceRe, the subpoena also requests information about the company’s previously announced determination …

URG Notes Nationwide Salvage Disposition Solution

United Recyclers Group LLC (URG) announced the unveiling of their Premium Salvage program for the insurance industry to dispose of their total loss vehicles. With close to 300 auto recyclers across the country, United Recyclers Group LLC can offer a …

Hot Wheels for Sale!

The nation’s motor vehicle thieves continue to find the most popular automobiles as their primary targets for feeding the underground need for replacement parts and for export to foreign countries, reports a new industry study to identify the most stolen …

Conn. AG Blasts Insurance Department Over Med-Mal Rates; Seeks New Hearing and Prior Approval Law

Connecticut Attorney General Richard Blumenthal has again blasted state insurance officials and urged the insurance department to call a public hearing into a controversial 89.6 percent medical malpractice insurance rate hike. Blumenthal also called for the state to require prior …