Monthly Archives: <span>July 2005</span>

WASH. L&I’S ANTI-FRAUD EFFORT RECOVERS $27M:

The Washington Department of Labor and Industries’ fraud program recovered more than $27 million in the first three months of this year, according to a report sent to the state Legislature and the Office of Financial Management. The money recovered …

WYO. HEARS PROPOSAL TO REDUCE UNINSURED DRIVERS:

Two new ideas aimed at reducing the number of uninsured drivers in the state were proposed in the Wyoming Legislature, according to the Associated Press. Dan Lex, a lobbyist for AIG, proposed that a random sample be taken to verify …

CALIF. PANEL APPROVES MEASURE REQUIRING INSURERS TO EXPLAIN WHY POLICIES ARE DECLINED:

The California Assembly Insurance Committee approved an amended measure that will now require insurers to provide an explanation to consumers when policies are declined, canceled or non-renewed, AIA reported. The bill, SB 150, authored by Senator Martha Escutia (D-Whittier), was …

ALASKA GOV. SIGNS REFORM REGULATIONS BILL:

Alaska Gov. Frank Murkowski recently signed 18 bills into law, including legislation to reform insurance regulations. “I was pleased to sign these important pieces of legislation into law,” Murkowski said. “This Legislature addressed a number of important issues for Alaskans–and …

COLO. COURT TURNS DOWN NHL PLAYER’S BID TO COLLECT DISABILITY INSURANCE:

Warren Rychel, a former NHL player, will not be able to accept disability insurance for an injury to his hand that he suffered on the ice, according to the Associated Press. Rychel, who previously played with the Colorado Avalanche, filed …

WASH. WORK COMP BENEFITS SEE INCREASE OF 0.6%:

Workers currently receiving Washington workers’ compensation time-loss or pension benefits will receive a 0.6 percent cost-of-living increase effective immediately. State law requires that maximum time-loss benefits and pensions be recalculated each July 1 to reflect the change in the state’s …

San Jose Chain Store Owners Plead Guilty in Workers’ Comp Scam

A San Jose, California husband and wife pled guilty to charges of workers’ compensation premium fraud and will serve 14-month jail sentences and pay $2 million in restitution following a multi agency investigation into the crimes. The owners of San-Jose …

Former Calif. Insurance Agent Sentenced

Cordell Bunton, of Stockton, California, has been sentenced to six months in the San Joaquin County jail after pleading guilty to 10 felony and two misdemeanor counts that included grand theft, insurance fraud, forgery, and transacting insurance without a license. …

Two Industry Opposed Bills Die in California Legislature

California’s SB 46 and SB 603 both died in the Legislature in late June, allowing insurers to breathe a little easy–for now. SB 46, authored by Sen. Richard Alarcon (D — San Fernando Valley), would have established a rate-making mechanism …

The London Bombings: Terror Pool Will Help Cover Losses

Sept. 11, March 11, July 7–dates on a calendar until 2001, 2004 and now 2005. Everyone living, and numbers yet unborn, will remember those dates. The latest terrorist attacks in London killed at least 52 people, sent more than 700 …