Monthly Archives: <span>June 2011</span>

Brooklyn Auto Body Shop Charged with Inflating Bills to Insurer

Kings County District Attorney Charles J. Hynes announced has charged Borough Park autobody shop, Perfect Collision, with intentionally damaging cars brought in for repairs, so it could submit inflated bills to insurance companies. Perfect Collision, its owner, Elie Berger; and …

Tornado Repairs at St. Louis Airport May Cost $30M

The cost to repair tornado damage at Lambert-St. Louis International Airport could reach as much as $30 million. Airport officials said they’ve received estimates of $25 million to $30 million to restore Terminal 1 and Concourse C following the April …

Illinois Doctors Plead Guilty to Work Comp Fraud in Ohio

A pair of Illinois brothers who traveled to Columbus, Ohio, to practice psychiatry were sentenced for workers’ compensation fraud after an investigation showed they were conducting inadequate examinations of injured workers and submitting false bills to the Ohio Bureau of …

Hercules Executives Sued Following Failed ‘Say on Pay’ Vote

In an early test of “say-on-pay” voting, a shareholder sued Hercules Offshore Inc. directors and top executives, demanding that they return big pay increases that shareholders voted against. At last month’s shareholder meeting, 59 percent of Hercules’ shareholders voted against …

Horan Hires Chief Financial Officer in Cincinnati

Cincinnati, Ohio-based employee benefits and financial services firm Horan has added Kurt Krebs as vice president and chief financial officer. He will direct all fiscal management aspects of the company. Prior to joining Horan, Krebs worked as Line of Business …

Citi Skimped on ID Theft Protection for Data Breach Victims: Reuters

After a massive data breach last month, Citigroup did not offer its hacked clients the same degree of identity-theft protection that many other companies provide, drawing criticism from privacy advocates. Citigroup, which had over 360,000 credit card accounts exposed last …

Allstate Seeks to Recover $1 MiIlion in New York Fraud Lawsuit

Allstate Insurance is seeking to recover more than $1 million against 10 New York area defendants it alleges filed fraudulent claims for psychological services. The lawsuit seeks reimbursement for personal injury protection benefits Allstate paid on behalf of its customers. …

Bridgeport Rebuilding as Tornado Anniversary Marked

A year has passed since a tornado roared down Main Street in Bridgeport, Connecticut, battering buildings and toppling trees in the Nutmeg State’s largest city. Recovery has been steady in some areas and lagging in others. The initial shock has …

Fawkes Named Insurance Professional of the Year

Robin Fawkes of San Mateo County (California) Schools has been named Insurance Professional of the Year at the recent international convention held in Las Vegas by the International Association of Insurance Professionals. She previously won this award for her region …

Hall Named Top Exec at Great Falls

Maine-based Great Falls Insurance Co., a newly licensed insurer specializing workers’ compensation coverage has named Gary Hall as president and CEO. Hall has three decades of insurance experience, with a majority of that experience being in Maine and northern New …