Yearly Archives: <span>2006</span>

Two Florida-only Marine Industry Class Codes Approved

The National Council on Compensation Insurance Inc. has received approval for two new Florida-only class codes related to the marine industry effective July 1, 2006. NCCI is the oldest and largest provider of workers’ compensation and employee injury data and …

Minn.’s Hatch Protests Compensation Package Given to Health Group CEO

Minnesota’s Attorney General Mike Hatch said this week that he will press the state’s $50 billion investment fund to vote against UnitedHealth Group Inc. chairman Bill McGuire to protest his compensation. McGuire, who is also CEO of the nation’s second-largest …

Study Reveals Gap in Access to Health Care Among Mich. Residents

“Cover the Uninsured Week” was launched in southeast Michigan this week and sponsors released a new report with government data that confirmed there is a significant gap in Michigan in the amount of health care accessed by people who do …

Tenn. GOP Lawmakers Question Funding for Bredesen’s Insurance Plan

Republican lawmakers in Nashville, Tenn. have questioned the lack of an extended funding plan for Gov. Phil Bredesen’s Cover Tennessee health insurance proposal. Bredesen, a Democrat, has said he wants to use $100 million in TennCare reserves to pay for …

Fla. Court Orders Southern Family Into Rehabilitation; Citizens to Receive Policies July 1

Leon County (Florida) Circuit Court Judge Thomas Bateman has ordered Southern Family Insurance Company, one of three financially-troubled property insurers of the Tampa-based Poe Financial Group, into rehabilitation. The two other Poe companies appear to be on the brink of …

Aspen to Release Q1 Results Today; Conference Call on April 27

Bermuda-based Aspen Insurance Holdings Limited will release its first quarter 2006 financial results today, Wednesday, April 26, 2006, following the closing of the U.S. markets. The Company will hold a conference call to discuss its financial results on Thursday, April …

Arch Capital to Post Q1 Results; Webcast Announcement

Bermuda’s Arch Capital Group Ltd. expects to release its 2006 first quarter results after the close of regular stock market hours tomorrow, Thursday, April 27, 2006. The Company will hold a conference call for investors and analysts at 10:00 a.m. …

Montpelier Re to Release Q1 Results; Hold Conference Call

Bermuda-based Montpelier Re Holdings Ltd. expects to release its 2006 first quarter results tomorrow, Thursday, April 27th, 2006 after the market closes. Montpelier Re executives will conduct a conference call, including a question and answer period, on Friday, April 28th, …

ABI Calls for “Radical Action” to Reduce U.K. Fraud

In its submission to the U.K. Government Fraud Review the Association of British Insurers notes that fraud is a “fast growing crime, having doubled in the in the last five years. Fraud costs around £16 billion [$28.5 billion] a year, …

ACE Posts $489 Million Q1 Net; to Host Conference Call

ACE Limited reported record net income for the first quarter ended March 31, 2006 of $489 million or $1.46 per common share after payment of preferred dividends, compared with net income of $437 million or $1.48 per share for the …