Monthly Archives: <span>June 2004</span>

RTW Appoints Dye as GM for Mich., Colo. Operations

Minneapolis-based workers’ compensation insurer and third-party administrator RTW Inc. has appointed Glen Dye as general manager for the company’s Michigan and Colorado operations. Dye previously served with RTW from 1998 through 2002 as the vice president of sales and marketing …

Workers’ Comp Rates Decline; Rate Regulation Still an Issue for Lawmakers

Despite reductions in workers’ comp insurance premiums, California lawmakers will continue to debate the merits of rate regulation. After years of double-digit rate increases, many companies have filed with the California Department of Insurance (CDI) to lower their rates on …

Experts Warn of Emerging Trend in ERISA Class-Action Lawsuits at PLUS Symposium

Stock market declines and the financial collapse of companies such as Enron, Global Crossing and WorldCom have generated numerous shareholder class-action lawsuits against directors and officers alleging violations of federal securities law for issuing false and misleading public statements that …

W. Va. Gov. Announces Federal Grant for Implementation of Health Insurance Plan

West Virginia Gov. Bob Wise announced that the West Virginia Insurance Commission has been approved for a $500,000 grant from the Centers for Medicare & Medicaid Services. The federal grant, entitled “Seed Grants to States to Create Qualified High Risk …

Va. Gov. Reports Federal Approval of Disaster Assistance for Several Counties

Virginia Gov. Mark Warner announced that President Bush has granted a major disaster declaration for Lee, Russell and Tazewell counties due to the flash flood, severe wind and tornado damage that occurred the week of May 24. The declaration will …

AIR Unveils CLASIC/2 System

AIR Worldwide Corporation (AIR) announced the 2004 release of CLASIC/2, its interactive desktop system for catastrophe risk assessment and management. The latest release includes enhancements that reportedly improve workflow for users across AIR’s wide spectrum of clients, including insurers, reinsurers, …

Fla. Construction Company Owner Charged in Workers’ Comp Fraud Case

The owner of an Indian Harbor, Florida construction company has been charged with workers’ compensation fraud after jeopardizing the coverage of at least one employee, according to investigators with the Department of Financial Services’ Division of Insurance Fraud. Investigators say …

N.J. to Fine Drivers Using Cell Phones Starting July 1

New Jersey’s ban on cell phone use by drivers goes into full effect on July 1, but police still can’t pull somebody over simply for chattering away while going down the road. Motorists talking on hand-held cell phones while behind …

R.I. Lawmakers Recess After Approving Lead Paint Delay and New Health Insurance Post

The Rhode Island General Assembly went into recess early Saturday, June 26, after approving dozens of bills that included health insurance reforms, a delay in lead paint mandates for landlords and development of a new capital city hotel. Lawmakers won’t …

ACE USA Appoints Ratzker ARM VP-Strategic Planning

ACE USA, the U.S.-based retail operations of The ACE Group of Companies, announced the appointment of Gary Ratzker as Vice President, strategic planning & business implementation for ACE Risk Management (ARM). Ratzker, who will assume overall responsibility for product development …