Yearly Archives: <span>2004</span>

Big Lead Paint Settlement Reached in Mass.

State and federal officials plan to announce a lead paint settlement in that will require a prominent Boston real estate company to test for and remove lead paint from more than 7,000 apartments in Massachusetts. Officials say the consent decree …

Fla. Employer of Workers Killed at July Construction Site Accident Charged with Fraud

The employer of two workers killed in a July construction accident on a Hobe Sound work site has been arrested and charged with workers’ compensation fraud, Florida’s Chief Financial Officer Tom Gallagher announced. According to investigators with the Department of …

Colo. Deputy Hurt in Rescue Attempt Now Told to File for Workers’ Comp

A Denver sheriff’s deputy initially told he was ineligible for workers’ compensation after trying to rescue an infant from a burning house, might be able to receive benefits after all, authorities said. George Gatchis, 32, was nearly rendered unconscious and …

Ky. Gov. Appoints Former Legislator to Employers’ Mutual Insurance Authority Board

Kentucky Gov. Ernie Fletcher recently announced the appointment of Jon Ackerson of Louisville to the Kentucky Employers’ Mutual Insurance Authority Board of Directors. Ackerson is currently an attorney with Ackerson & Ackerson in Louisville. Ackerson has worked for more than …

Ga. Dept. Approves Cotton States Insurance

The Georgia Department of Insurance approved this week the proposed merger of Cotton States Life Insurance Company with a subsidiary of COUNTRY Life Insurance Company, and the affiliation of Cotton States Mutual Insurance Company and its subsidiary, Shield Insurance Company, …

Best Assigns FSR to Wellington Specialty

A.M. Best Co. has assigned an initial financial strength rating of A- (Excellent) and an issuer credit rating of “a-” to Wellington Specialty Insurance Company (Scottsdale, Ariz.) (Wellington Specialty), a newly formed U.S. insurer that is part of the Wellington …

Lockyer Subpoenas Safeco Corp.

California Attorney General Bill Lockyer subpoenaed Seattle-based property/casualty insurer Safeco Corp. in connection with his investigation into bid rigging and price fixing in the insurance industry, according to Reuters. Safeco said it would cooperate with the subpoena, which was received …

Suspects in “Paper Collision” Insurance Fraud Ring Still at Large

California Insurance Commissioner John Garamendi announced several arrests in a large, “paper collision” insurance fraud ring. He also asked the community to assist in locating three members who remain at large. On Oct. 6, 2004, seven of 10 suspects were …

PIANY’s MetroRAP 2005 Education Designed for Downstate Insurance Professionals

The Professional Insurance Agents of New York State Inc. will feature two continuing education courses during its annual Metropolitan Regional Awareness Program, Thursday, Jan. 20, 2005, at the New York Marriott Brooklyn, Brooklyn, N.Y. This is PIANY’s first RAP scheduled …

ERC’s Internal Investigation Turns Up ‘Isolated’ Bid Rigging

A five-week internal investigation at Kansas City, Mo.-based commercial-lines carrier Employers Reinsurance Corp. has so far uncovered “isolated instances” of bids inflated at the request of Marsh Inc. brokers, according to a spokesman contacted by IJ. There were fewer than …