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

Insurance Actuaries Prepared for Even More Damaging Hurricanes

Despite the unprecedented nature of the four hurricanes making landfall in Florida in 2004 and the huge disasters spawned in the Gulf of Mexico in 2005, panelists at the recent annual meeting of the Casualty Actuarial Society believed these types …

Oregon’s Stratton Insurance Services Joins ISU International Network

Stratton Insurance Services Inc. of Pendleton, Oreg., is the newest member to join ISU International’s national network of agencies. The ISU Group operates a national network of locally-owned offices. Each member enjoys the strengths and resources of a national brokerage …

Health Care for Part-Time Soldiers Will Benefit Midwest Guard/Reserve

Part-time soldiers in the Guard and Reserve do not receive federally-paid health care unless they’re called to active duty, and Congressman Tom Latham says a budget bill that should clear the U.S. House soon will extend the same health benefits …

Liberty Mutual Hires Former 9/11 Fund Head to Mediate Hurricane Claims

Liberty Mutual Insurance Company has hired the mediator who oversaw the Sept. 11 Victim Compensation Fund to help settle insurance claims filed by homeowners after hurricanes Katrina and Rita. The Boston insurer’s customers with unresolved claims can have them reviewed …

Pennsylvania Renews Doctors’ Subsidy

About 30,000 health care providers would receive a state subsidy for a fourth straight year to help them pay their medical malpractice insurance bills, under legislation sent to Gov. Ed Rendell for his signature. The legislation benefits doctors who pay …

Vermonters Duel Over Tort Reform

The Vermont Medical Society and a group of consumer advocates squared off last week with dueling news conferences that were a harbinger of a coming debate in the Legislature over medical malpractice reform. “The cost of a broken medical liability …

Fla. Bureau of Workers’ Compensation Fraud Unit Commander Describes Four Common Violations

Premium fraud, working without workers’ compensation coverage, fraudulent certification and claimant fraud are common types of workers’ compensation fraud encountered by the Bureau of Workers’ Compensation Fraud, Vincent Mazzara, central region commander, told attendees at a series of town hall …

PIA of Fla. Board Presents Achievement Awards to Three Members

Ed Langston, Donald McMahon and Phil Zelman have been honored with awards for their achievements by the Professional Insurance Agents of Florida board of directors. Mark O’Connell, PIA of Florida CEO, presented Langston with the ‘President’s Award,’ to honor and …

Converium Posts Delayed Results – $6.9 Million Q3 Loss

Swiss reinsurer Converium announced that it has completed the first stages of an internal investigation into its accounts, “launched against the backdrop of ongoing investigations by regulators and governmental authorities into non-traditional insurance and reinsurance products.” (See IJ Website Nov. …

Plumeri Responds to TRIA Extension

Joe Plumeri, chairman and CEO of global broker Willis Group Holdings Limited, issued a statement on Sunday, Dec. 18, after both Houses of Congress approved a two-year extension of the Terrorism Risk Insurance Act (TRIA). (See related article in National …