What’s in a name? To the Ohio Bureau of Workers’ Compensation (BWC) automated detection and intelligence Team (AD&I), names found in certain state databases can signal potential workers’ compensation fraud. By working with other state agencies and reviewing internal data, …
Chicago-based Aon Corp. (NYSE:AOC) has reported third quarter and nine months 2004 results. Net income per share for the third quarter was $0.36 for both 2004 and 2003. Net income from continuing operations was $121 million or $0.36 per share …
Harleysville Group Inc. (Nasdaq: HGIC ) announced that Bruce J. Magee will step down from his role as senior vice president and chief financial officer in 2005. The company said a search for a successor is underway. The company also …
Good-hearted goblins should protect themselves from lawsuits before they drop Halloween candy in little kiddies’ goodie bags this year, warns a group of lawsuit-busting food companies. While millions of kids and countless parents knock on doors this holiday hoping for …
The Director of the Arizona Department of Insurance, Christina Urias, is joining insurance regulators in other states to review allegations of bid-rigging and price-fixing between insurance brokers and insurance companies. Allegations were initially raised by New York Attorney General, Eliot …
The best way for the Florida legislature to respond to this year’s devastating hurricane season is to take a thoughtful and rational approach when considering measures to improve the current well-designed strategy for handling catastrophic losses, according to the Property …
The Allstate Corp. on Thursday confirmed that it received interrogatories and a subpoena from the office of the Attorney General of the State of Connecticut seeking information relevant to that office’s investigation into the possible violation of anti trust laws …
Alexander Silva, of Sylmar, Calif. and formerly a licensed insurance broker, pled guilty Oct. 22, 2004, to one count of grand theft. Silva was sentenced to 30 days in Los Angeles county jail, five years probation, and ordered to pay …
Carrollton, Texas-based Anchor Anchor Claims Management Inc., (ACM), an affiliate of the Combined Independent Agencies, announced that it is expanding its client base to include certified self-insurers, and self-funded school districts and municipalities. Anchor Claims provides third party administration (TPA) …
Fitch Ratings has downgraded the senior debt and long-term ratings on Marsh & McLennan Companies Inc. (Marsh) to ‘BBB’ from ‘A-‘. The short-term ratings on Marsh remain at ‘F2’. All ratings remain on Rating Watch Negative. Fitch has lowered Marsh’s …
