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

La. DOI Final Estimate of Hurricane Ivan Damages Totals Nearly $7.9 Million

Commissioner of Insurance Robert Wooley announced that the Louisiana Department of Insurance’s final estimate of Hurricane Ivan damage in Louisiana is $7,868,750.00. That figure is based on a reported 3,760 claims paid following a survey of the major insurance carriers …

Gibson Named COO of Skywire Software

Frisco, Texas-based Skywire Software announced the promotion of Wendy Gibson to chief operating officer. Gibson formerly served the company as vice president of marketing. Skywire Software (www.skywiresoftware.com) provides software applications for the insurance industry and enterprise services management. A subsidiary …

CAA Adds Siegeler Insurance Agency

Combined Agents of America, LLC (CAA), based in Austin, Texas, announced its 31st member, Siegeler Insurance Agency Inc. The agency is the third new member to join CAA in 2004. Siegeler Insurance Agency Inc., based in Giddings, Texas, is a …

Texas Mutual Unveils Online Safety Resource Center

Texas Mutual Insurance Company announced it has enhanced its online safety tools. The company’s policyholders can visit the new Safety Resource Center at www.texasmutual.com to: · Order and download training material from a multi-media safety resource library; · Track the …

ISO Enhances Policy-Verification Solution

ISO has enhanced its Coverage Verifier policy-verification solution with four new services to help insurers manage third-party account relationships more efficiently. Insurers who report coverage data to the ISO system will be able to use these new services. As part …

California Pair Sentenced for Workers’ Comp Fraud

An Inyokern, Calif. couple who reportedly bilked the workers’ compensation system out of more than $76,000 in a disability scheme was sentenced to prison Nov. 16 on the charges and ordered to pay $102,706 in restitution and fines, according to …

W. Va. Comp Audit Reports Positive Trends

An independent audit report for fiscal 2004 shows continued positive financial trends for the West Virginia Workers’ Compensation Commission, according to Executive Director Gregory Burton. The report cites a deficit or unfunded liability for the combined funds of the Workers’ …

Insurance and Financial Recruiting Firm Launched

BeOptiMystic.Biz, a recruiting and executive search firm, announced it is open for business with offices in Dallas, Texas, and New York, N.Y. The executive, producer and customer service recruiting and placement firm opened just shy of the third year anniversary …

TRA Earns $715K Dividend from Texas Mutual

Texas Mutual Insurance Company reported that President Russ Oliver recently presented a group dividend check for $715,423.09 to the Texas Restaurant Association (TRA). The TRA group dividend is separate from the approximately $50 million in dividends that Texas Mutual Insurance …

TWCC Penalizes Carriers for Late Benefit Payments

The Texas Workers’ Compensation Commission (TWCC) issued 62 Notices of Violation (NOVs) to insurance carriers on Nov. 9, 2004, for a total of $155,500 in penalties for late initial payments of Temporary Income Benefits (TIBs) to injured workers. The Commission …