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

Physicians Recognized for Treating Workers’ Compensation Patients

Five Florida physicians received the 2005 Florida CHOICE Awards for Workers’ Compensation, an honor granted to physicians who demonstrate excellence in treating injured employees. Former Secretary of Health and Human services and President of the University of Miami, Donna E. …

Sherry to Establish New Felten & Assoc. Stuart, Fla. Office

Cathy Sherry has been assigned by Felten & Assoc. to establish a new office in Stuart, 30 miles south of F&A’s headquarters in Vero Beach, Fla. Ken Felten, F&A president, said the Stuart office will support the firm’s long-standing relationships …

ACIC Says Calif. is Car Theft Capital

It’s not surprising that the National Insurance Crime Bureau ranks California as the car theft capital of the United States, according to Sam Sorich, president of the Association of California Insurance Companies. California, after all, is the nation’s most populous …

St. Paul Travelers Donates $4.1 Million in Q2

St. Paul Travelers and its two private foundations donated more than $4.1 million in the second quarter of 2005 to support community organizations based in the Twin Cities area of Minneapolis and St. Paul, Minn., and in the Hartford, Conn., …

Ohio BWC Unveils Fiscal Year 2005 Fraud Results

The Ohio Bureau of Workers’ Compensation’s (BWC’s) special investigations department concluded fiscal year 2005 by exceeding its goals for both identified savings and return on expenditures. The department closed a record 3,886 investigations and identified a record $135.7 million in …

IIAT Endorses Agility Recovery Solutions

The insurance industry understands better than most the devastating impact a fire, windstorm or flood can have on a business. Rapid recovery from such disasters is critical and to help members meet disaster recovery needs, the Independent Insurance Agents of …

LWCC Awarded Ward’s 50 Designation

The Louisiana Workers’ Compensation Corporation (LWCC) announced it has been named to the prestigious 2005 Ward’s 50 Benchmark Group from the Ward Group, a distinction that recognizes the top 50 property and casualty insurers in America. LWCC was selected among …

GAINSCO Completes Rights Offering

Dallas-based GAINSCO Inc. reported that it has raised approximately $14.8 million in gross proceeds from the completion of its previously announced common stock rights offering. The offering expired on Aug. 19, 2005. The company plans to accept all validly exercised …

Research Shows Current Cat Models Not Representative of Some Risks

The ReAdvisory group of Carvill released a white paper that says current catastrophe models under-represent the risks of tornadoes, hail and straight-line wind storms generated by severe thunderstorms. The paper suggests that this poses a significant risk to the insurance …

Mass. Commissioner Appeals Court Ruling That Blocked Auto Changes

The Romney Administration has decided to appeal a June court ruling that found that the state’s insurance commissioner exceeded her authority when she tried to change the state’s auto insurance residual market. A spokesperson for Massachusetts Insurance Commissioner Julianne Bowler …