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

Co-operators General Insurance Sees Q2 Profit

Canada-based Co-operators General Insurance Company announced its financial results for the quarter ended June 30, 2005. For the second quarter, the company reported consolidated after-tax net income of $32.4 million, compared to $38.0 million income for the same period in …

N.J. Woman, Nephew Charged in Auto Scam

New Jersey Criminal Justice Director Vaughn McKoy announced that the Division of Criminal Justice – Office of Insurance Fraud Prosecutor has obtained an indictment charging a Cumberland County woman and her nephew with insurance fraud for their roles in an …

GAB Robins’ Claims Services Division Names Albertson Asst. VP, General Manager

GAB Robins recently named Caroline Albertson as assistant vice president and general manager, Northeast Territory, for its Claims Services division. The Claims Services division provides insurance carriers, brokers, managing general agencies and self-insured entities with loss adjusting services for property, …

Western Casework to Pay $600,000 for Harassment of Hispanic Employees

The U.S. Equal Employment Opportunity Commission (EEOC) announced a $600,000 settlement of a national origin harassment lawsuit against Western Casework Corporation, a Las Vegas-area cabinetmaker that supplies cabinetry to businesses and commercial construction projects. The lawsuit, filed under Title VII …

WCIRB Proposes 5.2% Drop for Pure Premium Rates

The WCIRB has submitted a Regulatory Filing to the California Department of Insurance recommending an average 5.2% decrease in advisory pure premium rates to be effective on policies incepting on or after Jan. 1, 2006. In addition to pure premium …

Federal Funds Backed for S.D. Following Storm

The head of the U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) announced that federal disaster funds have been made available for South Dakota to help local governments recover from the effects of a severe storm that struck …

Okla. Man to Serve 9 Years for Workers’ Comp Fraud

A Tulsa County, Okla., man was given a 15-year sentence after pleading guilty to one count of workers’ compensation fraud in Tulsa County District Court, according to State Attorney General Drew Edmondson. Edmondson said Earl Dewayne Botts, 47, was charged …

Kansas Doubles Amount of Insured Crop Acres

Kansas farmers have more than doubled the insured acres in the state since 1989, tripling their dollar amount of coverage during the same time, according to a recently released study. The Associated Press reported that so much Kansas farmland is …

Individual Dennis Assistance Nears $13M

Funds continue to flow to victims of Hurricane Dennis, according to officials of the Department of Homeland Security’s Federal Emergency Management Agency (FEMA) and the Florida State Emergency Response Team. * Since the July 10 presidential disaster declaration, 30,304 applicants …

Big ‘I’ Hails House Passage of ‘Health Act’

The Independent Insurance Agents & Brokers of America (the Big “I”) on Thursday hailed the House of Representatives passage of a medical liability reform bill as a great step forward in legal reform. H.R. 5, the Help Efficient, Accessible, Low-Cost …