Monthly Archives: <span>June 2006</span>

Florida Approves Surcharge for Property Insurance Policies

Florida has approved a 2 percent surcharge on all property insurance policies to help cover outstanding claims for one of Florida’s largest property insurers, whose insolvent subsidiaries are being liquidated under state control because of hurricane losses. Poe Financial Group …

Baltimore Company Admits Defrauding W.Va. Workers’ Comp Agency

A defunct Baltimore company has pleaded guilty in Charleston, W. Va. to a federal fraud charge for billing the state of Workers’ Compensation Division for services that were never provided. RTW Rehabilitation Services Inc., which admitted submitting fraudulent bills between …

N.Y. City, Contractors Seek Immunity from Emergency Worker Lawsuits

A lawyer asked a judge last Thursday to protect New York City and about 150 private contractors from lawsuits filed by thousands of emergency workers who got sick after working in the dust of the World Trade Center. The lawyer, …

Wal-Mart Argues Against Maryland Law Ditctating Benefits

Wal-Mart and other retailers challenged Maryland’s new law requiring Wal-Mart to spend more on employee health care, arguing before a Baltimore judge last week that only the federal government may dictate health spending by private companies. Maryland’s law requiring large …

Federal Study Recommends Multi-function Phased Array Weather Radar

A new study just released by the National Oceanic and Atmospheric Administration details the weather-prediction benefits of a national transition from existing weather radar systems to a newer system using a multifunction phased array radar. Such a system would make …

Citizens to Obtain $3.05B; Largest Single Bond Issue in Florida’s History

A $3.05 billion bond issue, believed to be the largest single bond issue in Florida’s history, according to Terri Slack, Citizen’s CFO, will be finalized June 29 in Miami. Slack said the bonds will be taxable, auction-rate bonds that will …

Fla. Gov. Signs Long-Term Care Legislation

Legislation to provide new protections for long-term care insurance policyholders has been signed into law today by Florida’s Gov. Jeb Bush. The measure prevents insurers from contesting policies years after selling them, stops practices that result in rapidly escalating premiums …

Cypress Care Names V.P. for Product Development

Eileen Ramallo has been named vice president of Product Development for Atlanta-based Cypress Care Inc. a large pharmacy benefits management company focused on the workers’ compensation industry. Ramallo is responsible for developing enhancements to Cypress Care’s existing products, creating and …

Michigan Governor Vetos Helmet Repeal Legislation

Gov. Jennifer Granholm vetoed a bill on Friday, June 23rd that would have repealed the state of Michigan’s 37-year-old mandatory helmet law. “Repealing the requirement that motorcyclists wear helmets would be costly to all Michigan families,” Governor Graholm wrote in …

U.S. Supreme Court Backs Worker in Retaliation Claim Against Employer

The Supreme Court has affirmed a jury award for a Tennessee forklift operator who was transferred to a more physical job after she filed a lawsuit accusing her employer of sexual harassment. By a 9-0 vote, justices said that Sheila …