Yearly Archives: <span>2008</span>

Fraud fight up against budget shortfalls

But Southeast states show some progress, with auto ‘give-ups’ among the targets Budget shortfalls have slowed the progress of fraud bills in many states around the U.S. while lawmakers feverishly work to find money to run their cash-strapped governments. Even …

Tenn. Reforms Moderate Workers’ Comp Costs

Tennessee experienced a moderation in average workers’ compensation costs per claim among 14 study states, after two consecutive years of rapid cost growth and in the wake of reforms enacted in 2004, according to a Workers Compensation Research Institute study. …

More Catastrophe Fund Surcharges Likely for Florida Policyholders

Florida residents could soon be faced with increased surcharges on their home, auto and other insurance policies because the state’s catastrophe fund needs more money to pay claims from past hurricanes. The Florida Hurricane Catastrophe Fund pays claims when insurers …

Agent Charged with Murder in Death of N.C. Auditor

Authorities searching a wooded area on May 20 found the body of a North Carolina insurance investigator who prosecutors believe was killed by the owner of an agency she was auditing. Police searched for Sallie Rohrbach, 44, since she was …

Labor Rift at Greenbrier Resort Forcing Insurance Brokers to Move Meetings

A labor-management dispute at a luxury resort in West Virginia is forcing the Council of Insurance Agents & Brokers — a longtime customer — to search for alternate venues for its conferences. The group of commercial insurance agents and executives …

Declarations

Friend and Colleague “We are devastated that all hope is lost, but we also find a sense of closure in knowing that we can lay to rest our dear friend and colleague with the dignity and respect she deserves.” —Chrissy …

People

Markel Corp. named Anthony F. (Tony) Markel vice chairman and Paul W. Springman president and chief operating officer. Markel has been associated with Markel Corp. for more than 40 years, most recently serving as president and chief operating officer since …

Barriers to Prosecution of Fraud Cases Include Finding an Effective Prosecutor

NICB Fraud Summit examines winning and losing aspects of insurance fraud initiatives The biggest barrier to effectively prosecuting individuals who commit insurance fraud is finding an effective prosecutor, Scott Cassidy, chief of special prosecutions, Cook County State’s Attorney’s office said …

Louisiana Train Derailment Highlights Need for Railroad Safety Measures

Lafayette incident notwithstanding, rail accidents down nearly 25 percent nationally More than 3,000 residents of Lafayette, La., were evacuated May 17, 2008, when a train derailed on a bridge, spilling 10,000 gallons of hydrochloric acid. The Associated Press reported that …

Mold Costs One Builder $3 Million

A moldy house has been a headache for a central Ohio family and a $3 million liability for the home builder. A Franklin County judge awarded Roman and Jennifer Costner $3 million for their three-year-saga. Another judge said construction firm …