Monthly Archives: <span>March 2006</span>

Colorado Cites Lawsuit for Big Jump in Insurance Costs

Liability insurance costs for Colorado’s athletic department will double next year to nearly $1.7 million, and officials say the reason is a lawsuit by two women who allege they were sexually assaulted by athletes. The suit has been dismissed but …

Okla. Man Charged with Home Repair Fraud

A Newcastle, Okla., man is charged with fraud after allegedly bilking consumers out of almost $100,000 for home repairs he did not complete, Attorney General Drew Edmondson said. Jeffrey M. Fitzpatrick, 34, was charged in Canadian County District Court with …

Okla. Agent Allegedly Fails to Remit Tornado Victims’ Premiums

The Oklahoma Insurance Department suspended a Locust Grove, Okla., insurance agent’s license for failing to send in premium payments for several victims of this month’s tornado in Delaware County, the Associated Press reported. Oklahoma Insurance Commissioner Kim Holland will forward …

Mich. State Representative and Siblings Sued by Federal Government

A federal lawsuit filed against a Michigan state representative and three of his siblings accuses them of converting the proceeds of their father’s two life-insurance policies to their own use, thereby subverting tax liens that had been placed on the …

Texas Businesses Studying Governor’s Proposed Tax Structure

As the owner of his family’s 28-year-old company, Kurt Summers is one of the few Texas businessmen that pay state business taxes. The roughly $8,000-a-year that he pays on Austin Generator Service is a tax that Gov. Rick Perry recently …

Doctor Owned Malpractice Company Opens New Ohio Office

Healthcare Underwriters Group Mutual of Ohio (HUOH) reported it has completed its move to a new location in Columbus that will allow it to better serve the growing number of doctors electing to join a medical malpractice company owned and …

Standard & Poor’s Assigns ‘A-‘ Rating to La. Citizens Bonds

The Louisiana Department of Insurance reported that the rating agency Standard & Poor’s has given the Louisiana Citizens Property Insurance Corporation (Citizens) bond issue an ‘A’-minus rating, signifying the success of recent meetings held with bond rating agencies and Citizens …

PIA Texas Expresses Support for Windstorm Bonds

The Texas Insurance Professionals (PIA Texas) association reported that it has addressed a letter to Texas Gov. Rick Perry in support of the proposal that the state authorize the sale of $800 million in bonds in order to boost the …

California Employer Arrested for Wrongly Accusing Employee of Workers Comp Fraud

A San Bernardino, Calif., employer has been arrested for wrongly accusing an employee of workers compensation fraud, according to the California Department of Insurance. Matthew Day, 26, was arrested after surrendering himself to the County of San Bernardino Superior Court …

Texas Mutual Launches Workers’ Comp Health Care Network

Texas Mutual Insurance Company announced that the Texas Department of Insurance certified its Texas Star Network option on March 29, 2006. The company will begin offering the network option to eligible workers’ compensation policyholders with operations in network service areas …