Monthly Archives: <span>April 2003</span>

Ariz. Man Indicted on Multiple Fraud Counts in Nev.

Nevada’s Clark County Grand Jury indicted Pavel Daniel Oprea, 37, on nine felony counts of insurance fraud including three counts each of the following: false application to insurer, false claim for insurance benefits, and obtaining money by false pretenses. Oprea’s …

Calif. Public Works Ops Manager Arrested for WC Fraud

The California Department of Insurance (CDI) Fraud Division arrested Doyle E. Champlain, 45 of Orangevale, Calif., without incident on five felony counts of insurance fraud and one felony count of attempted perjury. On Nov. 30, 2001, Champlain allegedly made a …

ABS EQECAT TO HOLD 2003 EUROPEAN CATASTROPHE MANAGEMENT SUMMT IN BARCELONA

Oakland-based EQECAT, Inc. announced that its 2003 European Catastrophe Management Summit will take place on June 24-27 at the Hotel Princesa Sofia InterContinental in Barcelona, Spain. “This year the European Summit will address solutions to the challenges faced by insurers, …

ACIC’S 14TH ANNUAL GENERAL COUNSEL SEMINAR SET FOR JULY

Insightful speakers and informative panels will present the most up-to-date overviews of issues affecting P/C insurers writing business in California during the Association of California Insurance Companies’ 14th Annual General Counsel Seminar this summer. The two and one-half day seminar …

S&P’s ARTICLE DISCUSSES INSURER CREDIT, LIQUIDITY SUPPORT

Standard & Poor’s has published an article that explains the rating criteria for credit and liquidity support provided by insurers. Capital-markets transactions are often supported by credit or liquidity features, which provide prompt payment of principal and interest in the …

WCIRB MAKES 10.6 PERCENT RATE FILING

The WCIRB has submitted a filing with the California Department of Insurance (CDI) recommending that pure premium rates be increased by 10.6 percent effective July 1, 2003 for new and renewal policies with anniversary rating dates on or after July …

CWCI STUDY EXAMINES CHIROPRACTIC UTILIZATION AND COSTS IN CALIF. WC

The California Workers’ Compensation Institute (CWCI) has issued new research showing the combined effect of an increase in the number of chiropractors treating fewer injured workers with higher levels of chiropractic services per claim has been to drive up both …

Ariz. Searches for Solution to Meet Deficit Needs

A billion-dollar shortfall in Arizona’s state economy has many lawmakers conjuring up solutions and desperately searching for ways to solve current and future deficits. One solution that they came up with reportedly had the Arizona small business community in an …

Discriminatory Privacy Bill Still Circulating Calif. Legislature

For the past four years, the American Insurance Association (AIA) has been in a fight to avoid “a solution in search of a problem”—a financial privacy measure that has been approved by the California State Judiciary Committee. The measure, SB1, …

Mr. and Mrs. Agent Go to Washington

Some might say the only way to get recognized in Washington, D.C. is to scale the White House fence. Believe me, after seeing the security there on my recent trip, no one is going to just walk up to the …