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

IIABO to Hold 77th Annual Convention Aug. 28-30

The Independent Insurance Agents and Brokers of Oregon (IIABO) have announced the highlights of their upcoming annual convention, “United We Stand.” The event will be held at the Tigard Embassy Suites Aug. 28 to Aug. 30. Featured speakers will include …

Insurers Hail N.Y. Physician Decertification Fraud Reform

Insurance companies are applauding New York Gov. George Pataki for signing legislation that they say will assist them in their efforts to fight insurance fraud. Pataki signed A.8376, the physician decertification bill, which decertifies physicians from receiving payment under the …

St. Paul Travelers Launches New Real Estate Agent and Broker PL Policy

St. Paul Travelers has introduced a new policy for real estate agents and brokers that provides broader protection from possible claims or litigation against errors and omissions they may make while performing their jobs. St. Paul Travelers’ 1st Choice for …

Fitch Affirms Aon’s Long- and Short-Term Ratings

Fitch Ratings has affirmed the “BBB+” long-term issuer rating and related senior debt ratings of Aon Corporation, and its commercial paper rating at “F2,” but has retained its “Negative Outlook” rating. The actions follow Aon’s second-quarter earnings and its announcement …

‘Isolated Incidents’ Resulted in Gallagher’s Over Billing

When the City of Gainesville, Fla. received a $1.3 million check, city officials were suspicious and notified the Florida Attorney General’s Office. The company has responded, indicating that the billing overcharges were an isolated incident and that the employee no …

Hub International Acquires Blanchard Insurance Group

Chicago-based Hub International Limited is expanding its Southwest presence by acquiring the assets of Blanchard Insurance Group by Hub’s subsidiary, Talbot Agency Inc. Terms of the cash transaction were not announced. Talbot (HUB Southwest) has operations in Colorado, New Mexico …

Okla. Man Pleads Guilty to Workers’ Comp Fraud

A Duncan, Okla., man will pay more than $15,000 in restitution after pleading guilty to workers’ compensation fraud in Oklahoma County District Court, according to State Attorney General Drew Edmondson. Curtis Ray Jackson, 61, was charged March 10, 2004, after …

Family Admits to Faking Wrecks in La.

Four family members in Louisiana have admitted to staging traffic crashes in order to collect insurance money, according to the Associated Press. Shirley Long, Laquarda Long Hall, Ebony Long Green and Daryl Green were arrested in 2001 on charges of …

Conn. School Insurer Says Parents of Alleged Bully Should Pay

The insurance company for Stonington, Conn. has filed a legal complaint claiming that if school officials lose a bullying lawsuit, then parents of the alleged bullies should pay as well. A lawsuit filed by a Pawcatuck Middle School student claims …

ICT to Host Workers’ Comp Conference

The Insurance Council of Texas will host its 2005 Workers’ Compensation Conference in Austin on Sept. 7. State Representative Burt Solomons of Carrollton, author of House Bill 7, the sweeping workers’ compensation legislation passed during the regular session of the …