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Sunday, January 21, 2007
Citizens to pay firm $950,000 in bribery suit
By host @ 11:41 AM :: 2647 Views :: 0 Comments :: Article Rating :: Home
 

From the PalmBeachPost.com article;

"TALLAHASSEE — Citizens Property Insurance Corp. has agreed to pay $950,000 to a Texas claims-adjusting firm that claimed it was fired from its 2004 contract with Citizens because it did not make payments to a Citizens executive at the time.

Houston firm Universal Risk Insurance Services sued Citizens, the state-run insurer of last resort in Florida, in 2005, alleging it wasn't paid $1 million for 1,800 claims it handled in the Pensacola area from hurricanes in 2004.

Universal claimed it learned that another company, Quantum Claim Service LLC, had given $28,000 in goods and services to Citizens Chief Operating Officer R. Paul Hulsebusch, and that Hulsebusch gave adjustment work to Quantum that had been promised to Universal.

Hulsebusch allegedly received a boutique Big Dog motorcycle, according to later reports.

Hulsebusch resigned two days after the allegations and federal and state law enforcement agencies announced investigations. He has not been charged with a crime in the case."

 

>> click here to read the full article <<

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