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

Study: Low-Cost Road Changes Can Reduce Crashes on Urban Roads

Making low-cost changes to busy roadways in cities, such as adding left hand turn signals and extending the length of merger lanes, can reduce the number of crashes, according to a study released by the Insurance Institute for Highway Safety. …

WCRI to Present Study Results for La.

On Sept. 22, 2005, in Baton Rouge, La., the Workers Compensation Research Institute (WCRI) will present the preliminary findings for Louisiana from the 6th Edition of the annual WCRI CompScope multi-state benchmarks study that will be published in February 2006. …

Republic Prices IPO

Dallas-based property/casualty insurer Republic Companies Group Inc. announced an initial public offering of 6,000,000 common shares at a price of $14.00 per share. J.P. Morgan Securities Inc. and Banc of America Securities LLC acted as the joint book-running managers in …

National Health IT Network Would Cost $200 Billion, Study Says

While many experts agree that widespread use of information technology could greatly improve the U.S. health care system, adoption remains slow, mainly due to the high cost barrier. But just how great are the costs involved? According to a Commonwealth …

3 More Execs Plead Guilty in Ongoing Spitzer Insurance Brokerage Probe

Former employees of Marsh & Mclennan, Inc, and Zurich Financial Services have pleaded guilty to bid rigging in insurance charges brought by New York Attorney General Eliot Spitzer. According to the Washington Post, Regina Hatton and Nicole Michaels, both formerly …

Three S. Fla. ‘Cousins’ Receive Prison Terms, Ordered to Repay $1.5M

Three South Florida cousins, Brian Shechtman, Dean Shechtman and Brad Shechtman, have been sentenced to prison by Lee Circuit Judge Thomas S. Reese for scheming to persuade seniors aged 75 to 94, to switch their health insurance to low-cost health …

TRG Insurance Operators Sentenced to Jail; Authorities Seek $3M Restitution

Attorney General Charlie Crist has announced that two individuals have received prison sentences for their roles in an insurance scam. William Paul Crouse and Carmelo Zanfei – the principals of TRG Marketing, LLC – were sentenced for selling unauthorized health …

Horace Mann Notes Q2 Numbers

Illinois-based Horace Mann Educators Corp. has reported net income of $33.6 million (72 cents per share) and $60.2 million ($1.29 per share), respectively, for the three and six months ended June 30, 2005, compared to net income of $18.9 million …

Spitzer Beats All But Giuliani, Poll on N.Y. Gubernatorial Race Finds

If he decided to run for New York State Governor next year, former New York City Mayor Rudolph Giuliani would top State Attorney General Eliot Spitzer 49 – 42 percent, the only one of several high visibility Republican names to …

N.Y.’s Lawley Joins RiskProNet

Lawley Service Inc., one of the Northeast’s largest insurance firms, has joined RiskProNet International Inc., a network of 28 major independent brokers across the United States and Canada. The Buffalo, N.Y.-based agency was founded here in 1945 by Ray and …