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Bostik to pay $600,000 in fines for safety infractions after explosion

Business Insurance - 5/18/2012 1:13:51 PM
MIDDLETON, Mass.—A Massachusetts adhesive manufacturer will pay $600,000 in fines for numerous safety infractions after a March 2011 explosion that injured four workers. (read more)

Court: Louisiana Cab Company President not Liable in Death Case

www.insurancejournal.com - 5/18/2012 10:03:14 AM
A court has ruled that the head of a Bossier City, La., taxi cab business cannot be held personally liable in a lawsuit over the death of a 12-year-old boy. The victim in the case was Justin Bloxom, whose body … (read more)

Life Insurance Non-Buyers: "No One Has Offered It to Us"

Life Insurance Selling Magazine - 5/18/2012 1:09:00 PM
Why are so many people without life insurance coverage? Because no one's sold it to them yet. (read more)

Dean, Hanner, Richardson Named Corporate VPs at Arthur J. Gallagher

www.insurancejournal.com - 5/18/2012 9:43:51 AM
Arthur J. Gallagher & Co. has appointed Eric C. Dean, Jerome S. Hanner and Cara Richardson as corporate vice presidents. Dean joined the company in 2012 and has more than 30 years of business experience in various key technology functions. … (read more)

Workers comp claimants suing Montana Power could get retrial

Business Insurance - 5/18/2012 12:45:10 PM
BUTTE, Mont. (read more)

A Year after Joplin Tornadoes, $2.16B in Insurance Claims Paid

www.insurancejournal.com - 5/18/2012 9:43:01 AM
The tornado that swept through Joplin, Mo., on May 22, 2011, has generated $2.16 billion in insurance claims payouts to Missouri policyholders, according to an Insurance Information Institute analysis of data from ISO’s Property Claims Service (PCS) and other sources. … (read more)

Safeway to indemnify directors, officers against all litigation losses

Business Insurance - 5/18/2012 12:24:32 PM
PLEASANTON, Calif.—Safeway Inc. will indemnify its directors and officers against all expenses, settlements and other losses incurred in litigation, the supermarket chain said in a U.S. Securities and Exchange Commission filing Tuesday. (read more)

Despite Grant, South Dakota Will Wait on Health Insurance Exchange

www.insurancejournal.com - 5/18/2012 9:39:35 AM
South Dakota has been awarded a $5.9 million federal grant to continue research into the possibility of a state-run health insurance exchange. But Gov. Dennis Daugaard says the state will continue to wait for the outcome of the lawsuit challenging … (read more)

Securities class action numbers hold steady in 2012: Study

Business Insurance - 5/18/2012 11:52:44 AM
The total number of securities class action lawsuits held steady during the first quarter of 2012, although the number of suits filed against Chinese reverse merger companies fell, according to a report by insurance broker Woodruff-Sawyer &Co. (read more)

Family Sues California Mortuary Over Switched Bodies

www.insurancejournal.com - 5/18/2012 9:38:33 AM
A family is suing a mortuary over a body switch that resulted in a grandmother being buried in another woman’s clothes in a California cemetery instead of an above-ground crypt in Nicaragua. The lawsuit filed Wednesday by the 88-year-old woman’s … (read more)

Whole Life Insurance: The Financial Foundation Asian Americans Are Seeking?

Life Insurance Selling Magazine - 5/18/2012 11:38:00 AM
Asian Americans tend to be wealthy savers focused on leaving a legacy for their families. Here’s how you can tap this ideal market for life insurance. (read more)

North Dakota Agent Accused of Creating Fake Policy Applications

www.insurancejournal.com - 5/18/2012 9:37:11 AM
North Dakota Insurance Commissioner Adam Hamm announced he has served a cease and desist order against Tim Everett, a Grand Forks area insurance agent who is alleged to have created fictitious insurance policy applications and to have been paid commissions … (read more)

PPACA would have saved consumers $300 per year, study says

Benefits Selling magazine - 5/18/2012 11:12:00 AM
Research published in Health Affairs journal claims that if the Patient Protection and Affordable Care Act had been in place between 2001 and 2008, people in the individual insurance market would have saved about $280 per year on out-of-pocket costs. (read more)

Crop Damage in Central California From Storm Tops $79M

www.insurancejournal.com - 5/18/2012 9:36:41 AM
San Joaquin Valley’s crop damage estimate from a hail storm last month has reached more than $79 million. The Fresno Bee reports that Kings County, among the hardest hit areas of the region, recently increased its damage estimate from $20 … (read more)

Acting Aviva PLC CEO Hints at Sale of Business Groups

Life Insurance Selling Magazine - 5/18/2012 11:09:00 AM
After weeks of speculation about the sale of its U.S. division, the acting head of Aviva PLC says the company will consider the sale of some of its business units. (read more)

Louisiana Citizens Approved for $75M Line of Credit

www.insurancejournal.com - 5/18/2012 9:34:42 AM
Louisiana’s property insurer of last resort has gotten permission to secure a $75 million cash line of credit in case a hurricane damages the state. The Louisiana Citizens Property Insurance Corp. has enough money set aside to cover a $110 … (read more)

Ways and Means Eyes Tax-Exempt Hospitals

Life Insurance Selling Magazine - 5/18/2012 10:39:00 AM
A witness says hospitals still need guidance from the IRS on how to handle patients who can't pay their bills. (read more)

SullivanCurtisMonroe Adds Kraatz as EVP in Southern California

www.insurancejournal.com - 5/18/2012 9:33:05 AM
Irvine, Calif.-based SullivanCurtisMonroe named Shawn Kraatz as executive vice president in its Irvine office. His primary responsibilities at SCM will include commercial sales management and marketplace leadership. Kraatz joins SCM from Alliant, where he was first vice president. He has … (read more)

Hearing Witness: PPACA Is Scaring Capital Away from Health Services

Life Insurance Selling Magazine - 5/18/2012 10:39:00 AM
An American Enterprise Institute fellow says uncertainty is reducing the flow of cash entrepreneurs need to reshape the health care system. (read more)

Houston’s Dean & Draper Recognized for Technology Best Practices

www.insurancejournal.com - 5/18/2012 9:31:06 AM
Houston-based Dean & Draper Insurance Agency has been recognized by the Network of Vertafore Users (NetVU) for employing technology best practices that enhance productivity, simplify processes and improve customer service outreach. The 2012 Automation Excellence Award was bestowed during the … (read more)

Employees' unhealthy behavior is biggest challenge for pharmacy benefit managers: Study

Business Insurance - 5/18/2012 10:27:58 AM
Three-quarters of U.S. pharmacy benefit plan sponsors surveyed said persistent unhealthy behavior among employees is their most vexing challenge, according to a study released Thursday by St. Louis-based Express Scripts Inc. (read more)

Health Insurance Exchange Rejected by Louisiana Senators

www.insurancejournal.com - 5/18/2012 9:27:34 AM
A proposal that would have set up a body of elected and appointed officials to craft the health insurance exchanges that anchor President Barack Obama’s health overhaul has failed to gain traction in the Louisiana Senate. The Senate Finance Committee … (read more)

N.Y. Compensation Insurance Rating Board Seeks 11.5% Rate Hike

www.insurancejournal.com - 5/18/2012 10:27:55 AM
The New York Compensation Insurance Rating Board (NYCIRB) has submitted to the Department of Financial Services on Thursday a loss-cost filing for an overall average loss cost change of +11.5 percent. The change in loss cost represents the anticipated cost … (read more)

Ny Fed Postpones $1.67 Billion Maiden Lane III Cdo Sale

Topix - 5/18/2012 9:26:05 AM

A key demographic?

Benefits Selling magazine - 5/18/2012 10:09:00 AM
Looking for a group to target when it comes to selling insurance? A new national survey commissioned by Cultur Health suggests health care marketers should target Hispanic women ages 25-35. (read more)

Insurance Trades Join Suit Against Oregon’s MVR Fee Increase

www.insurancejournal.com - 5/18/2012 9:25:00 AM
The National Association of Mutual Insurance Companies and the Property Casualty Insurers Association of America have joined a lawsuit filed this week against the Oregon Departments of Administrative Services and Transportation to block the recently approved fee increase for motor … (read more)
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