Monthly Archives: <span>August 2008</span>

Ohio Receives $541,000 in Settlement from Health Insurers

Ohio will receive $541,000 as part of a health insurer’s $20 million settlement of allegations that it misled consumers and mishandled claims. State Department of Insurance Director Mary Jo Hudson said Friday, August 15, that the agreement with Texas-based HealthMarkets …

Florida Farm Bureau to Re-file its Homeowners Rates

Florida Farm Bureau will withdraw its rate filing and prepare a new rate filing to address any and all of Florida regulators’ concerns, according to a company announcement. The Florida Office of Insurance Regulation notified Florida Farm Bureau Casualty Insurance …

Weather Service: No Tornado after Rare New York City Warning

Government meteorologists say there were plenty of damaging winds, but no twisters in a storm that spawned a rare tornado warning in New York City. The National Weather Service says crews assessed damage Saturday around the metropolitan area, including a …

U.S. Doctors Say Lawsuits Help Guarantee Drug Safety

Top doctors who run one of the most influential U.S. medical journals are giving the U.S. Supreme Court some unsolicited legal advice about a major case. Lawsuits can serve as “a vital deterrent” and protect consumers if drug companies do …

Lawyers in Rhode Island Lead Paint Case Argue Court Costs

A lawyer for Rhode Island said Friday that three former lead paint companies should not be allowed to recoup costs from a nine-year legal fight with the state that ended last month in their favor. The state Supreme Court in …

New Jersey Mayor Gets 21 Months for Insurance Fraud Scheme

Former Passaic, New Jersey Mayor Samuel Rivera was sentenced Friday to nearly two years in prison and a $4,000 fine for accepting cash bribes in exchange for influencing city contracts. Rivera, who was caught in a corruption scheme that netted …

As Sewers Age, Canada’s Insurers See Mess of Claims

The Canadian insurance industry is seeking ways to stem a rising tide of claims for water damage to homes that it says results partly from aging sewer systems that badly need replacement. Some of its response involves raising the rates …

Employers Holdings Reports Second Quarter Results

Reno, Nev.-based Employers Holdings Inc. reported results for the second quarter ended June 30, 2008. Second quarter consolidated net income was $27.4 million or $0.55 per share in 2008 compared to $30.8 million or $0.58 per share in the second …

Idaho Declares Insurance Fraud Awareness Week

The Idaho Department of Insurance is spearheading Fraud Awareness Week to promote anti-fraud education, raise awareness about the impact of fraud and white-collar crime on society and encourage Idahoans to report fraud to the appropriate authorities. As part of the …

Bush Declares Disaster for Two New Mexico Counties

President Bush has declared a disaster in two southern New Mexico counties due to severe flooding that killed one man, destroyed homes, washed out bridges and prompted hundreds of rescues last month. Gov. Bill Richardson said he learned of the …