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

Fla Gov. Signs WC Bill Into Law

The signing into law of important workers’ compensation reform legislation by Florida Gov. Jeb Bush will go a long way toward limiting the cost of insuring workers in the state against injury and will boost the Florida economy, according to …

RLI Earnings 22% Higher Than Year Earlier

Peoria, Ill.-based RLI Corp. posted quarterly net earnings of $15.4 million (60 cents per diluted share), a 22 percent per-share improvement over the $10.0 million (49 cents per diluted share) posted in the second quarter last year. Both the total …

LewisCo Acquires Conn. TPA

Deerfield, Ill.-based LewisCo Group, a provider of specialized resources for the management of disability, absence and productivity for insurers and employers, today announced it has acquired the majority interest in Disability Management Alternatives (DMA), based in Farmington, Conn. DMA’s co-founders, …

Cincinnati Financial Creates Investor Relations Position

Cincinnati Financial Corporation has named Heather J. Wietzel the company’s first investor relations officer, with the title of assistant vice president of The Cincinnati Insurance Company. Wietzel joined the company on June 9, reporting to Chief Financial Officer Kenneth W. …

Great American to Offer Background Screens

Cincinnati-based Great American Insurance Group and Accurate Background Inc. have formed a strategic partnership to help companies prevent workplace violence, theft and losses. Using the services provided by Accurate Background, Great American now has the ability to offer their insureds …

ACT Outlines Issues for Agents, Brokers to Consider When Evaluating ASPs

The Agents for Council Technology (ACT) has published a new report to help independent agents and brokers assess the benefits of using an application service provider (ASP) and analyze the issues that should be addressed to ensure that the ASP …

Las Vegas Firm Among New ISU Members

ISU International announced two new agencies joined its network effective July 1: *ISU Insurance Services – The Holdren Agency of Orange, Calif and *ISU Insurance Services – Jimmy Pettyjohn Group of Las Vegas, Nevada “The number of markets and national …

E.L.M. Unveils New Market for Misc. Professional Liability

California-based E.L.M. Insurance Brokers Inc., a specialist in professional liability, has a new market for miscellaneous professional liability, including some hard-to-place classes. Underwritten by Alea London Ltd., which carries an A- financial-strength rating from A.M. Best Co., coverage is available …

N.J. Podiatrist Sentenced for Medicaid Fraud

New Jersey Attorney General Peter Harvey announced that a former Hudson County podiatrist has been ordered to reimburse the Medicaid Program nearly $6,000 for billing the cost of fraudulently obtained prescription drugs to the state and federal program. According to …

ICAT Managers Promotes Ramsey to Sr. VP of Risk Underwriting

Colorado-based International Catastrophe Insurance Managers, LLC (ICAT Managers), announced that Sam Ramsey has been promoted to senior vice president of Risk Underwriting. In his new position, Ramsey will have responsibility for all individual risk underwriting activities. Ramsey also is a …