Monthly Archives: <span>January 2005</span>

Four Californians Arrested for Workers’ Comp Fraud

Joint investigations by the California Department of Insurance’s Fraud Division and the Imperial County District Attorney’s Office have resulted in the felony arrests of four suspects for multiple counts of workers’ compensation insurance fraud. The ongoing investigations began more than …

Cunningham Lindsey U.S. Adds Account Execs.

Dallas-based Cunningham Lindsey U.S. Inc. (CLUS) announced the following staff additions and appointments. • Kimberly Stanton has joined CLUS as a regional account executive. Stanton will be based in Chicago and will be focusing on the Midwest insurance and self …

Proposed Mo. Bill Aims to Reduce WC Premiums

Senate Republicans made workers’ compensation the first order of business last Wednesday, hearing testimony on a proposed bill that would reduce the number of injured workers eligible for benefits. Missouri’s business community testified that changes to the state’s workers’ comp …

Rules Banning Credit Scoring Sent to Mich. State Panel

Insurance payers in Michigan soon may be paying less. Gov. Jennifer Granholm and Office of Financial and Insurance Services Commissioner Linda A. Watters said last Wednesday they sent a legislative panel a set of proposed rules to reduce base insurance …

2004 Will be Remembered as Beginning of Soft Market

MarketScout reported recently that calendar year 2004 will end with an average 2 percent increase in composite property and casualty premiums. The year began in January 2004 with increases averaging 11 percent, a major downward correction from 27 percent in …

Industry to Unite at Wash. Legislative Conference

On Feb. 10, the Independent Insurance Agents & Brokers of Washington, PIA, IBA West, Surplus Lines Association of Washington, WA Council of NAIW, Tacoma Pierce County Insurance Women, Greater Seattle Insurance Professionals are joining forces for an All Industry Day …

N.Y.’s Serio Joins D’Amato Firm; Marsh Hearing Postponed as Spitzer Settlement Reported Near

Outgoing New York Superintendent of Insurance Gregory Serio is joining The Park Strategies, a public affairs and lobbying firm headed by former Republican U.S. Senator Alfonse D’Amato. Serio’s last day with the New York State Insurance Department will be Jan. …

Okla. Senate Leader Names Workers’ Comp One of Most Important Issues for Session

Oklahoma Senate President Pro Tempore Cal Hobson, D-Lexington, offered the following statement regarding reform of the state’s workers’ compensation system, which is expected in the legislative session that begins Feb. 7: “We’ve been following the efforts of Governor Henry’s bi-partisan …

PCS to Provide CAT Designations, Loss Estimates for Terrorist Acts and Outsized Workers’ Comp Events

ISO’s Property Claim Services (PCS) unit has expanded its services to include loss estimates for potential catastrophic terrorism losses. PCS this week announced it will assign catastrophe serial numbers to potential terrorism events likely to have caused at least $5 …

Texas Workers’ Comp Bill Presented

Texas State Senator Todd Staples of Palestine has introduced Senate Bill 5, designed to overhaul the state’s workers’ compensation program. “In Texas, we spend far more to treat on-the-job injuries, but we get far worse results,” stated Staples, in announcing …