June 28, 2004
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 …
June 28, 2004
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 …
June 28, 2004
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 …
June 28, 2004
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 …
June 28, 2004
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 …
June 28, 2004
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, …
June 28, 2004
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 …
June 28, 2004
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 …
June 28, 2004
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 …
June 28, 2004
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 …