INSURANCE Today for Thursday March 25th, 2010

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Fouturejeans
Shopping and Fashion, Shopping and Fashion

Retain Your Records No Longer Than You Must
For each category of financial document, there is a reasonable time frame to keep the papers on file After that, out they go (more)
Iowa Legislature Approves Compromise Texting Ban
The Iowa Legislature has approved a compromise package that puts new limits on sending or reading text messages while driving, including tough restrictions on young drivers Lawmakers have argued (more)
Wisconsin Regulator Seizes Some of Bond Insurer Ambac's Assets
State regulators are taking control of some of U S bond insurer Ambac Financial Group Inc 's worst assets, the company said Thursday, in an action affecting some $35 billion of assets Regulators (more)
Photo of the day (3.25.10)
Filed under: Photo of the Day Today's well deserved Photo of the Day goes to Luke Robinson This shot was taken at the Iguazu National Park in Argentina He points out the boat at the bottom of the picture I can't imagine what the experience would (more)
Insurer Entitled To Rescind Policy, Federal Judge Rules
SAN FRANCISCO Material misrepresentations on an employment practices liability policy application entitle the insurer to rescind the policy, a California federal judge ruled Feb 17 (Carolina Casualty Insurance Co v RDD Inc , et al , No C 09 00 (more)
Federal Jury Finds Michigan Doctor Guilty Of Health Care Fraud
DETROIT A Michigan physician was convicted March 11 by a federal jury on health care fraud and conspiracy charges arising out of a scheme to fraudulently bill Medicare for physical and occupational therapy services that were never provided to pati (more)
The Wizarding World of Harry Potter to open on June 18th!
Filed under: North America, United States As promised, Universal Orlando just revealed the highly anticipated opening date for the Wizarding World of Harry Potter June 18th 2010 The opening date announcement also revealed some more informati (more)
YouTube Video Leads To Charges Against California Siblings
LOS ANGELES California authorities on March 5 charged Jay Xi Chen and his sister, Tracy Chen Chen, with felony insurance fraud after finding a video on YouTube allegedly showing that the car they claimed was in two separate accidents was actually (more)
Supporting the Aspen Club redevelopment
Dear Editor:I am fully supportive of the Aspen Club and Spa redevelopment project titled Aspen Club Living The project is a progressive landmark concept that combines holistic health with sustainable development While the issue pertains largely (more)
treatment denied after the fact
Physical therapy was deemed medically unnecessary after the fact; is the medical provider responsible at all? I've seen this thread, but my question is more about me vs medical provider than me vs insurance I have Anthem in California I'm allott (more)
Maryland House Approves Auto Liability Insurance Hike
Maryland drivers would likely see their car insurance payments increase under a bill backed by the state House Maryland's House of Delegates voted 97 to 36 Tuesday to raise the minimum amount of (more)
Obama Targets Fraud In Remarks On Health Insurance Reform
ST CHARLES, Mo In a speech on March 11 seeking support to pass health care reform, President Obama announced that he had authorized the expansion of a program that uses private auditors to find improper payments made by Medicare and Medicaid (more)
First-Time U.S. Unemployment Filings Decline
Claims fell by 14,000, but most of the drop resulted from a change in the calculations the Labor Department makes to seasonally adjust the data (more)
Insurer Reasonably Relied On Proof Of Loss, Judge Finds, Affirming No Bad F
LOS ANGELES In a case involving claimed losses from water damage, a California appeals panel on Feb 10 ruled that 'the genuine dispute doctrine' applied to the parties' differing accounts of the claims process and concluded that the insurer's den (more)
Williamson Insurance of Fuquay Varina Offers Insurance Quotes for Homeowner
Wayne Williamson offers independent insurance quotes from several companies (more)
California Patient 'Recruiter' Convicted Of Medicare Fraud
LOS ANGELES A federal jury in Los Angeles on Feb 26 convicted a woman of Medicare fraud for soliciting Medicare beneficiaries to receive expensive power wheelchairs they did not need (more)
Daily gear deals - $20 laptop charger, $1 Bluetooth headset and more
Filed under: Gadling's Daily Deal Here are the hottest gear deals for today, Thursday March 25th 2010 Remember, these deals are often valid for just one day, so act fast before they are gone Today's first deal is for the Targus Universal Wall (more)
Aspen Stage 3 developer files for bankruptcy
ASPEN A Dallas firm that once had plans to redevelop the old Stage 3 property on Main Street has gone bankrupt Aspen Main Street Properties LP filed for Chapter 11 bankruptcy protection in Dallas, listing its assets between $10 million and $5 (more)
Freedman for Basalt Town Council
Dear Editor:I have been a neighbor of Anne Freedman and believe she will be a great addition to the Basalt Town Council She's level headed, smart, a good listener and has Basalt's best interest at heart Protect our town, vote for Anne Freedman S (more)
Mississippi Receives $1 Million Federal Grant for Home Smoke Alarms
The federal government has awarded nearly $1 million to Mississippi to pay for smoke alarms in homes The State Fire Marshal's Free Smoke Alarm Installation Program is the recipient of the (more)
Report AIA Senior Executives to Quit Before Prudential Takeover
Two senior executives from AIG's Asian operations plan to quit before Prudential's planned $35 5 billion takeover, according to a source familiar with the matter Chief Financial Officer Steve (more)
Daily Pampering: A classic ride at the Peninsula Beverly Hills
Filed under: United States, Hotels and Accommodations If you've always wanted to ride in a 1961 Fort T Bird or 1932 Studebaker Commander but never quite had the means, this Beverly Hills hotel has a deal for you Starting March 28, guests enjoying Su (more)
Bailey joins Transportation Risk Services as Vice President
Insurance transportation MGA and wholesale broker Transportation Risk Services (TRS) in Barrington, Ill , has added Sandra Bailey as vice president Bailey has more than 25 years of experience in (more)
A Grand Achievement, or a Lost Opportunity?
For all the applause among Democrats, some still lament the lack of a public option in the health insurance bill (more)
Bidder wins right to buy Aspen Land Fund's note
ASPEN A New York based financial advisory firm on Wednesday selected a winning bidder to buy the $22 5 million promissory note held by a development company that hopes to build a hotel at the base of Aspen Mountain Mission Capital Advisors LLC w (more)
Halsey Joins TD Insurance in Maine
TD Insurance Inc in South Portland, Maine, has hired Leah K Halsey as an account executive in employee benefits She is responsible for working with employers throughout Northern New England to (more)
5-Year Sentence For Ex-Physician Who Ran Fraud Scheme From Jail
LOS ANGELES Former physician Larry Igor Borden was sentenced to five years in prison on Jan 27 after pleading guilty to running a health care fraud scheme that defrauded more than 40 health insurance companies out of nearly $2 million while he wa (more)
Teva introduces flip flops with lights - and you can win a pair!
Filed under: GearWith Spring hitting the Northeast early, we're thrilled to be able to start thinking about trips to the beach, hikes in the woods and some new camping adventures And warm weather means throwing those Winter boots aside in favor of f (more)
Allstate Granted Summary Judgment Over Bad Faith Counterclaims In Fraud Cas
CHICAGO An insurer's 'extensive, thorough investigation' prior to suing a chiropractic physician for fraudulent practices defeats bad faith counterclaims, an Illinois federal judge ruled March 9, granting summary judgment to the insurer (Allstate (more)
Haiti for the offseason?
Dear Editor:I am writing this letter as the situation in Haiti is one that is still very much in need of volunteer help As news of Haiti has dwindled, so has the amount of volunteers' support A friend just asked me last week, 'So is everything b (more)
California AIDS Doctor Gets 15-Month Sentence For Diluting Medications
SANTA ANA, Calif California AIDS doctor George Steven Kooshian was sentenced Feb 22 to 15 months in federal prison after pleading guilty to two counts of health care fraud and two counts of making false statements relating to health care matters (more)
White Collar Travel: Accelerate your trip to the hotel club-level lounge
Filed under: Business, North America, United States, Hotels and AccommodationsAccess to a hotel's club level lounge is a small perk It doesn't equate to an ostentatious suite, but does rank higher than bathrobes The amenities are nice, usually cons (more)
UK's Miller Enhances North American Property Capability
London based insurance and reinsurance broker Miller announced that it has strengthened its North American property broking team with the appointment of Robert Pound He has more than 10 years' (more)
Selecting Cheap Home Insurance Quotes - Which Type of Policy is More Benefi
It is perfectly normal for you to want to pay less for home insurance Indeed, you never know whether any of the events in which you can get financial cover will ever happen At the same time this type of policy offers substantial protection for your (more)
Carbondale trustees want fewer houses in 'Village' plan
CARBONDALE While town trustees disagree with the developer of the proposed Village at Crystal River project on the number of houses that should be allowed, the plan got a parting endorsement from outgoing mayor Michael Hassig Tuesday night 'Havi (more)
Home Insurance - Is My Home Business Covered?
With the high unemployment rate and the matching rise in home businesses made even higher by the ease offered by stores, drop shipping and other such opportunities which abound online, it is therefore very necessary to know if your home business and (more)
Confluency Solutions Helps Insurance Agents Boost SEO with Local Search
Independent insurance agencies are losing local visibility in in the search engines Confluency Solutions has announced a free, limited webinar to help agents recapture business (more)
Marsh Joins Aon, Willis in Rejecting Contingent Commission Income
Giant insurance broker Marsh says its main brokerage unit will not accept contingent commissions on business for U S or Canadian clients but its Marsh & McLennan Agency and its affinity and (more)
Plug Could Be Pulled from Flood Insurance Program Again This Weekend
Insurance and real estate agents are being advised to prepare their clients for another possible interruption of the federal flood insurance program in three days, which could be longer than the (more)
Final Willits market coming on Saturday
BASALT The final Willits Winter Market of the season will be held from 11 a m to 5 p m Saturday, March 27 There will be an end of the season celebration with discounts and door prizes The market, featuring vendors selling fresh foods as well (more)
Passengers of British Airways advised to check their travel insurance
Passengers of British Airways advised to check their travel insurance (more)
Florida Jury Awards $26.6 Million to Smoker's Widow
A Florida jury ordered R J Reynolds and Philip Morris Wednesday to pay $26 6 million to the widow of a longtime smoker who died of lung cancer, the latest verdict against cigarette makers in the (more)
New York Agents' Group Declines To Join Lawsuit Against State
A schism is emerging between New York's two main trade groups for insurance agents over how best to challenge rules requiring agents to reveal their pay The Professional Insurance Agents of New (more)
With a Little Star Power, Top Brass Ask for Ideas
Allstate held an unusual meeting, bringing high level managers (and Dennis Haysbert) to meet with sales executives (more)
Requesting Cheap Home Insurance Quotes - Discounts to Ask For
It is essential for you to be a smart shopper no matter what you are looking to buy It is true that purchasing a home insurance policy is a serious long term commitment and has to be considered very carefully (more)
Alison Berkley: The Princess's Palate
It turns out being 40 isn't as bad as I thought In fact, it's awesome For months, I was dreading it, but then something amazing happened I had a marked shift in my consciousness that is unlike anything I have ever experienced before For as l (more)
Texas Mutual Adds New Purchasing Group for Agriculture Industry
Texas Mutual Insurance Company has launched a new workers' compensation purchasing group for the agriculture industry, AgriComp Any licensed Texas agent can submit qualifying clients for (more)
Comparing Cheap Home Insurance Quotes - Should You Opt For a Higher Deducti
Buying your own house is a serious step You make a huge investment and you need to protect it in the best way possible The most appropriate solution is to purchase a home insurance policy (more)
Catlin Estimates Impact of Chilean Quake, Windstorm Xynthia
The Bermuda based Catlin Group Limited has given preliminary estimates of the financial impact of the Chilean earthquake – around $140 million – and Windstorm Xynthia – less than (more)
Missouri High Court Narrows Medical Malpractice Limits
The Missouri Supreme Court has slightly narrowed the scope of a 2005 state law limiting how much money can be awarded to people in medical malpractice cases The high court's March 23 ruling (more)
Naples' Infernal Bliss
Filed under: Food and Drink, Europe, ItalyNaples, Italy is the most peaceful city on the planet at least it seems that way when looking down on it from high above Its narrow, laundry strewn streets appear still and almost lifeless A steady stream (more)
American Westbrook Adds Binetti as Senior Sales Executive
American Westbrook Insurance Services, based in Westchester, Ill , has hired Frank C Binetti as a senior sales executive on its benefits team Binetti began his career at Banker's Life and (more)
In Iowa, Obama Calls Health Bill 'Pro-Business'
President Obama began an aggressive White House public relations blitz to sell his newly signed health care overhaul to a skeptical and sometimes confused public (more)
On the hill: Was March snowier or memory duller?
ASPEN There is a tendency to think the good ol' days were better, and that phenomena might be magnified in Aspen While stretching in a midvalley gym with two people who arrived in the valley about the same time I did 25 years ago, we started pon (more)
15 more great cities for drinking beer
Filed under: Food and Drink, Europe, North America, United Kingdom, Canada, Mexico, Australia, New Zealand Last month, the writers at Gadling spent a lot of time at the pub, creating this list of The 24 greatest cities in the world for drinking beer (more)
More Doctors Giving Up Private Practices
The delivery of medical care is changing as more young physicians take jobs with heath systems (more)
Lawyer, Chiropractor, Others Charged With Faking Accidents In Philadelphia
PHILADELPHIA Seventeen people, including a lawyer and a chiropractor, were indicted Feb 18 in the U S District Court for the Eastern District of Pennsylvania on charges of mail fraud related to an alleged scheme to defraud insurance companies by (more)
Riley Promoted to Acquisitions Chief at Brown & Brown
Thomas E Riley has been promoted to chief acquisitions officer for Brown & Brown Inc and will assume responsibility for mergers and acquisitions activity of the company and its subsidiaries, (more)
Chicago Hospital To Pay $1.5 Million To Resolve False Claims Act Allegation
CHICAGO Rush University Medical Center has agreed to pay $1,547,200 plus interest to resolve allegations that it violated the False Claims Act by submitting false claims to Medicare from 2000 through 2007 by entering into leasing arrangements for (more)
Greyhound driver tips off cops to half million in coke
Filed under: North America, United StatesWhen's the last time a Greyhound passenger had half a million dollars' worth of anything? Usually it's a tattered duffle bag and maybe an iPod Well, police in Sherman, Texas, acting on a tip from a Greyhound (more)
Basalt candidates forum set
BASALT The only forum for the Basalt Town Council candidates will be held from 6 to 8 p m Thursday at the new Basalt library The Basalt Chamber of Commerce is hosting the event The format will allow candidates to make opening statements, then (more)
Genetically-engineered mosquitoes may help end malaria
Filed under: Learning, Africa, South America, Ecotourism, Budget Travel, News, Travel HealthTropical travelers rejoice: researchers are getting closer to finding a possible vaccine for malaria, using genetically engineered mosquitoes The Anopheles (more)
Polygraph Evidence Unreliable, Inadmissible In Michigan Insurance Coverage
LANSING, Mich A trial court hearing an insurance coverage dispute erred in admitting polygraph evidence that a homeowner told the truth about his property loss, a Michigan Court of Appeals panel held March 11 (Randall Dillard v Farm Bureau Insur (more)
The Top 10 Roadside Distractions - Yorkshire Dales Beat David Beckham's Pan
Scenic views of beautiful British countryside are far more distracting to passing drivers than either giant posters of David Beckham in his pants or even the famous Wonderbra ad (more)
Home Insurance Quotes - What You Should Know
If you have plans to buy a new home or are planning to reconstruct your existing one, keep in mind that there is nothing better than getting yourself a home insurance policy A home insurance policy will ensure that your home is safe form natural cal (more)
Appropriations Subcommittee Looks At Health Care Fraud
WASHINGTON, D C The use of $311 million in appropriations last year to prevent, detect and prosecute fraud and abuse in Medicare, Medicaid and other health programs was the main topic of hearings held March 4 by the House Committee On Appropriati (more)
Tennessee Mayor: Had to Fire Police Chief to Keep Insurance
The mayor of Rutledge, Tennessee says he had no choice in the firing of the East Tennessee city's police chief Mayor Danny Turley said he fired Jeff Daniel after the former police chief refused (more)
Tennessee House Panel Nixes Ban on Open Alcohol Containers in Cars
The latest Tennessee effort to outlaw passengers from having open alcohol containers in vehicles failed in a House committee this week The House State and Local Government Committee voted to send (more)
Mountainfilm Festival announces special guests for 2010
Filed under: Activism, Arts and Culture, Learning, Festivals and Events, North America, United StatesThe Moutainfilm Festival, held annually in Telluride, Colorado, is an amazing mix of art, culture, adventure and environmental responsibility Now in (more)
Gooch Appointed Utah's Acting Insurance Commissioner
Acting Commissioner Announced Neal T Gooch has been appointed as acting insurance commissioner of the Utah Insurance Department Governor Gary R Herbert said the appointment would extend "until (more)
Insure4USA.com Published New Buyer's Guide to Help Purchase Life Insurance
Life insurance is essential for the protection of every individual and his or her family Those looking for a comprehensive understanding of life insurance will find this guide most useful (more)
Final Votes in Congress Cap Battle on Health Bill
After a final vote in the House, a package of changes to the health care bill headed to the president for his signature (more)
Former Insurance Company Workers Plead Guilty In Silica Criminal Fraud Case
HOUSTON Two former insurance company employees accused of participating with a plaintiffs' attorney in a scheme to induce fraudulent silicosis personal injury settlements pleaded guilty Feb 2 to conspiracy to commit wire fraud, agreeing to serve (more)
Federal RICO Allegations Time-Barred, New York Judge Says
NEW YORK Federal RICO claims against a human resources services provider alleging fraud in the underpayment of workers' compensation payments are barred by the four year statute of limitations, and the insurer is prevented from invoking equitable (more)
Enforcement Strategies For Fighting Fraud Topic Of Judiciary Subcommittee H
WASHINGTON, D C Enforcement strategies for fighting criminal fraud against the Medicare and Medicaid programs was the focus of hearings held March 4 by the House Committee on the Judiciary Subcommittee on Crime, Terrorism and Homeland Security (more)
The Fight Is Over, the Myths Remain
While some of the more outlandish rumors about health care reform may dissipate, it is likely that misperceptions will linger for years (more)
'Intent To Defraud' Refers Only To Defendant's State Of Mind, Court Says
ALBANY, NY The Office of Court Administration (OCA) was not required to check, verify or rely on false information about the source of client referrals contained in a law firm's retainer statements for prosecutors to establish an 'intent to defrau (more)
Insurance & Risk Advisor Joins Texas Associates Team
Alex Castano joined Texas Associates Insurors in Austin, Texas, as a risk and insurance advisor with a focus on developing and implementing risk solutions strategies for commercial entities He (more)
Paul Nitze: Scraping the bottom
Colorado's attorney general wants to roll back the constitutional clock by about a century That's the goal of a lawsuit General John Suthers has joined, which seeks to have the 'individual mandate' provision in the health care bill overturned (more)
Frontier Airlines supporters rally in Denver
DENVER Frontier Airlines supporters are sticking up for the animals on the company's planes Dozens of people with green and white balloons Thursday marched in downtown Denver to support keeping Frontier's brand and 'spokesanimals 'Indianapolis b (more)
Homeowners Insurance Cost - Finding Affordable Rates
Are you tired of paying too much for homeowners insurance? If you believe what you are paying is on the high side considering the quality of the coverage then you should make out time and research on how to truly evaluate your homeowners insurance co (more)
Those were the days
Dear Editor:This week marks the 45th anniversary of the Big Snow of late March 1965 The visual icon of that storm is the photograph of the Tomkin's Hardware building that was collapsed by 60 inches of wet snow in three days Whenever I recall the (more)
Basalt council approves community garden
BASALT Basalt residents who want to start a community garden got a boost Tuesday night when the Town Council approved temporary use of a vacant lot on Homestead Drive The council unanimously approved a request by the Community Gardens Collective (more)
Looking For Cheap Home Insurance Quotes - The Factors Affecting the Rates
You know that you have to shop around in order to find the best home insurance policy that suits your budget and requirements This is now easier and quicker than ever before All you need do is go online and visit a website offering cheap home insur (more)
C.V. Starr & Co. (California) Appoints Robinson as Chief Underwriting Offic
C V Starr & Company (California), a subsidiary of New York based C V Starr & Co Inc , has appointed Andrew (Andy) Robinson chief underwriting officer Robinson has nearly 30 years (more)
Texas Approves 9 Companies to Self-Insure for Workers' Comp
The Texas Department of Insurance, Division of Workers' Compensation (TDI DWC) approved the renewal of the Certificates of Authority for nine companies to self insure for workers' compensation (more)
A glorious occasion
Dear Editor:I would like to thank the Aspen Skico , the town of Basalt and ACES for a wonderful experience on Saturday, March 13 The volunteer tutors of English and their students from English In Action were treated to a morning snowshoe tour of (more)
Versace mansion lives on as Miami hotel
Filed under: North America, United States, Hotels and AccommodationsThe Versace name is synonymous with luxury, privilege and decadence, so it's no surprise that the mansion where Gianni Versace lived in Miami ranks as one of the most coveted homes i (more)
Renters Insurance Cost - Tips For Getting Cheaper Rates
Are you a renter? Do you need insurance coverage to protect the valuable items you have in your home? Will you love to enjoy quality coverage at a cheap price? If your answer to these questions are yes, then you need to understand how insurers place (more)
California Clinic Owner Convicted In $3.2 Million Medicare Fraud
LOS ANGELES The owner of a Los Angeles medical clinic was convicted Feb 26 on health care fraud and money laundering charges arising out of an alleged scheme to fraudulently bill Medicare for more than $3 2 million for medical services that were (more)
CNA Appoints Two Branch Vice Presidents
CNA Financial Corp announced that, effective May 1, Nancy Osborn has been appointed branch vice president for its Phoenix and Albuquerque offices; and Connie Taylor has been appointed branch vice (more)
Ruedi boaters to face weekend inspections
BASALT Ruedi Reservoir boaters will face mandatory inspections for invasive mussels every weekend this summer under a beefed up effort spearheaded by the Ruedi Water and Power Authority Last summer, the Colorado Division of Wildlife arranged for (more)
Brave New Health Care World
The health care bill is a clear sign that change is afoot in America, but the Senate is just as eccentric as ever (more)
California DME Company Owner, Others Indicted For Heath Fraud
LOS ANGELES A California certified public accountant who owned and operated a durable medical equipment (DME) company was indicted Feb 25 along with three alleged patient recruiters on health care fraud and other charges related to an alleged $7 (more)
Aspen's Marks asks judge to reconsider
ASPEN Aspen resident Marilyn Marks filed a motion in court Wednesday asking a judge to reconsider his earlier ruling that dismisses her lawsuit against City Clerk Kathryn Koch in an attempt to force her to release ballot images from the May elec (more)
Zurich Launches Risk Management Tool for Technology Companies
Zurich has launched Zurich Enterprise Risk Management (ERM) HealthCheck Tool to help provide mid size to large technology companies with a realistic check of their current ERM preparedness ERM (more)
Dispute over Aspen residency resolved
ASPEN An Aspen woman has dropped her pursuit of a restraining order against her former neighbor, after she claimed that she was overzealous in her effort to document how much time she and her husband spend in their North 40 home Donna Bruice had (more)
'Place-dropping:' the new social currency?
Filed under: NewsYou just landed in Paris What's the first thing you do? Head for the passport line? Withdraw some money at the ATM? How about updating your Twitter Facebook status? It's called 'place dropping,' an increasingly popular form of 'digi (more)
Prosecutors offer plea deal in Glenwood pot case
GLENWOOD SPRINGS A juvenile who was arrested and charged for allegedly selling his father's medical marijuana agreed to a plea deal Wednesday in Garfield County Court The youth pleaded guilty to possession of between 1 ounce and 8 ounces of mari (more)
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