Monthly Archives: <span>April 2004</span>

People and Places

Thomas Bradley Schaumburg, Ill.-based commercial lines insurer Zurich North America announced that Thomas Bradley will become chief operating officer of finance and administration and chief financial officer of its North American commercial operations. John McCartney, the current CFO, will retire …

Program Specialists Work Together For Success

“We must all hang together or assuredly we will all hang separately.” – Benjamin Franklin. Benjamin Franklin’s famous statement during the signing of the Declaration of Independence in 1776 could just as easily be directed to a gathering of program …

Securities Litigation Landscape Poses Continuing Challenges for D&O Insurers

The securities litigation landscape remains challenging for all involved in the directors and officers market, executives attending the 2004 PLUS D&O Liability & Insurance Issues Symposium were told. Introducing the session titled “An Overview of the Securities Litigation Landscape,” moderator …

Calif. “Insider” Conspirators Arrested

Insurance Commissioner John Garamendi announced the arrests of nine suspects by the California Urban Auto Fraud Task Force for embezzlement, conspiracy and tax evasion in connection with an “insider” insurance scam. Investigators made the arrests in the Calif. cities of …

Wash. Man Pleads Guilty to Theft

A 37-year-old former resident of Snohomish County, Timothy Smith, has pleaded guilty in Snohomish County Superior Court to first-degree theft after he was reportedly caught working for various employers while collecting workers’ comp for an injury. Smith was working for …

Zenith Sues San Diego Chiropractor

Zenith National Insurance Corp. announced that its wholly-owned subsidiary, Zenith Insurance Company, has sued San Diego County chiropractor William Wu under California’s Unfair Competition Law for unlawful and fraudulent billing acts and practices. The lawsuit, filed in San Diego County …

Worker Pleads Guilty in Work Comp Case

A 25-year-old Central Washington man, Fernando Palestino, has pleaded guilty in Chelan County Superior Court to first-degree theft, second-degree perjury and first-degree identity theft after he was caught working at a variety of jobs while he was collecting workers’ compensation …

Court Decision Threatens Stability in California’s Insurance Market

If after 16 years of off-and-on court cases, attempting to interpret the ambiguous and contradictory language of Proposition 103 isn’t enough, this month, another interpretation came down from the Second District Court of Appeals in a case known as Donabedian …

Spanish Train Bombings Renew Terrorist Threat

March 11, 2004 now joins Sept. 11, 2001 as dates no one now living will ever forget. The sheer horror of watching the aftermath of 10 separate explosions on the Spanish rail network in Madrid brought home the brutal ferocity …

The Costly Reality: 10 Myths of the Uninsured

If members of Congress want to make a “serious dent” in reducing the number of Americans without health insurance, they will have to “claim and redirect a considerable amount of public resources,” economist Len Nichols, Ph.D., vice president of the …