Monthly Archives: <span>May 2003</span>

Detroit Auto Insurance Fraud Ring Busted, AG Says

A 16-member auto insurance fraud ring operating in the Detroit metro area has been busted, according to Michigan’s attorney general, Michael Cox. An investigation conducted by the National Insurance Crime Bureau uncovered the scheme in which individuals allegedly would buy …

Former Fla. Policeman Charged with Aiding PIP Fraud

A former detective in the Hialeah Police Department was arrested on charges that he filed several fictitious accident reports to create “patients” for a friends’ medical clinic, according to the Florida Department of Financial Services. Anthony Meyer, 31, was booked …

Sullivan Joins Omega Insurance Services as CFO

Insurance-fraud-investigation firm Omega Insurance Services of St. Petersburg, Fla., announced the addition of Michael O. Sullivan as chief financial officer. A lifelong financial professional and a CPA, Sullivan comes to Omega from UTEK Corp., where he was CFO. His experience …

Net Income Up for Hallmark Financial Services

Dallas-based Hallmark Financial Services Inc. reported operating results for the first quarter ended March 31, 2003, noting its net income rose to $8.6 million, or $0.75 on a diluted per share basis, compared to a net loss of $1.5 million, …

Travelers Property Casualty, DORIS Insurance Systems Note New Real-Time E-Service Solutions

Travelers Property Casualty (www.travelers.com) and DORIS Insurance Systems LLC, an agency management system provider, announced new real-time e-service capabilities for loss runs, electronic policy view, and billing inquiry. The new e-service capabilities are accessed directly from an agency’s DORIS agency …

Argonaut Group Notes Q1 Results

San Antonio-based Argonaut Group, Inc. announced financial results for the three months ended March 31. First quarter highlights: *The company’s Excess & Surplus Lines (E&S) segment reported a 107 percent increase in gross written premium and 172 percent increase in …

CalSurance Professional Liability Program for Real Estate Brokers Now Available Wholesale

CalSurance (www.calsurance.com), a national insurance sales, service and support organization, announced that the exclusive partnership it established last year with Arch Insurance Group to offer professional liability insurance for real estate brokers will now be open on a wholesale basis …

Illegal Dental Plan Told to Cease and Desist in Wash.

Washington consumers of dental insurance plans should stay away from Benefit Plans of America, Inc. as sold by Daniel A. White, according to Washington’s Office of the Insurance Commissioner (OIC). The office has issued a Cease and Desist order prohibiting …

SARS Risk to Travelers Results in Re-examination of Coverage

The current outbreak of SARS (Sudden Acute Respiratory Syndrome) is reportedly causing considerable anxiety at organizations with employees traveling internationally, especially to and from Asia. California-based ABD Insurance and Financial Services, a provider of global risk management and employee benefits …

Transportation Specialist Joins Synaxis Group

Edward L. Bass has joined Synaxis Group as a Transportation Specialist/Vice President. For the past five years Bass served as Vice President Marketing/Client Services Total Transport at CNA Risk Management. At CNA he was responsible for Transportation Safety Services, Head …