Monthly Archives: <span>May 2007</span>

Hurricane Forecaster Gray, Like Others, Expects Above Normal Activity

As the 2007 Atlantic hurricane season became official, Colorado State University’s well-known weather researcher William Gray stood by his earlier April prediction that this will be a storm period “much more active” than normal. His team estimates that 2007 will …

Congressional Democrats to Try to Overturn Court’s Pay-Bias Ruling

Congressional Democrats said this week they would try to reverse a Supreme Court decision that limits the time that workers have to sue their employers for pay discrimination. “All Americans deserve equal pay for equal work, and it is my …

S.C. Inspectors Scurry to Check Sun City Roofs Before Hurricanes Start

Home inspectors are rushing to check roofs in South Carolina’s Sun City Hilton Head development before the heart of hurricane season to see if trusses were properly built and can handle high winds. Beaufort County is trying to hire as …

58 Arrest Warrants Issued in Calif. for Workers’ Comp Fraud

Law enforcement officers from five Calif. counties have served 58 arrest warrants for insurance fraud and related charges, such as grand theft, receiving stolen property and perjury, following investigations of alleged auto insurance and workers’ compensation insurance fraud. Four suspects …

Deadline to Apply for La.’s Road Home Aid is July 31

Louisiana homeowners with damage from hurricanes Katrina and Rita have until July 31 to apply for aid through the state’s Road Home program, officials announced May 29. The program gives out grants of up to $150,000 per homeowner. Insurance proceeds …

La. Citizens Insurance Lacks Paperwork for Much of its Spending

Louisiana’s state-run insurance company of last resort for homeowners in storm-prone areas paid almost $300,000 for consultant services and expenses from 2004 to 2006, but lacked paperwork to back up almost two-thirds of that spending, according to the legislative auditor’s …

Texas Workers’ Comp Medical Billing, Payment Data Available

The Texas Department of Insurance Division of Workers’ Compensation announced the availability of public use data files (PUDFs) for workers’ compensation medical charges and payments. Data sets for both professional medical services and institutional (hospital) services have been included on …

Texas Mutual to Pay $125M in Dividends

Texas Mutual Insurance Company announced it would distribute approximately $125 million in individual policyholder dividends, a record for the company. The plan still requires Texas Department of Insurance approval. Texas Mutual has declared about $445 million in individual dividends during …

Ratings Recap: Atradius/CyC

Standard & Poor’s Ratings Services said that its ratings and outlook on Netherlands-based credit insurance group Atradius, and Spanish credit insurer Compañía Española de Seguros y Reaseguros de Crédito y Caución S.A. (CyC) are “unaffected by the announcement of a …

Ratings Roundup: Safeco; GNY Group; American Road; Auto Owners

A.M. Best Co. has affirmed the financial strength rating (FSR) of “A” (Excellent) and the issuer credit ratings (ICR) of “a+” of the Safeco Insurance Companies and its members. Best has also affirmed the ICR of “bbb+” and the debt …