November 2, 2009

11/3 Insurance Journal

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North Carolina Workers' Compensation Rates Cut 9.6%
November 2, 2009 at 2:59 pm

North Carolina workers' compensation rates paid by employers are going down. The state has agreed to a 9.6 percent decrease to the voluntary market loss costs and no change (zero percent) for ...

Rose and Warner Join Beazley's Builders' Risk Unit in Chicago
November 2, 2009 at 11:46 am

Beazley is expanding its U.S. property insurance business with the creation of a dedicated Builders' Risk team to be located in Chicago, Ill. Colin Rose, a senior underwriter from the London ...

Report: South Dakota Lost 1,400 Construction Jobs
November 2, 2009 at 11:31 am

A national trade organization estimates the number of lost construction jobs in South Dakota at 1,400 during a year in which a weak economy and tight credit slowed developers and builders. The ...

Wisconsin Young Adults May Stay on Parents Health Plan Longer
November 2, 2009 at 11:27 am

A new state law taking effect in Wisconsin on Jan. 1, 2010, allows young adults up to age 27 to remain on their parents' health insurance plans unless they have access to cheaper plans through ...

Louisiana Researcher: Recent Sex Scandals a Lesson for Managers
November 2, 2009 at 11:25 am

Recent high profile sex scandals involving entertainer David Letterman and ESPN baseball analyst Steve Philips serve as an important reminder for business managers to ensure their companies have ...

Higginbotham & Associates Partners With Globex International Group
November 2, 2009 at 11:22 am

Fort Worth, Texas-based independent insurance and financial services firm Higginbotham & Associates has partnered with Globex International Group to provide commercial insurance, loss control and ...

Arbella Gets Ratings Upgrade from A.M. Best
November 2, 2009 at 11:07 am

Massachusetts-based insurer Arbella Insurance Group has received a ratings boost by A.M. Best Co. Best upgraded the insurer's financial strength rating to A- (Excellent) from B++ (Good) and ...

Montana Commissioner Named to Federal Committee
November 2, 2009 at 10:49 am

Montana Commissioner of Securities and Insurance Monica J. Lindeen has been appointed to the North American Securities Administrators Association's (NASAA) Federal Legislation Committee, a key ...

Washington State Woman Pays State Farm
November 2, 2009 at 10:44 am

A Snohomish County woman who admitted to forging thousands of dollars in receipts for an insurance claim has paid $69,610 in restitution to her insurance company, State Farm, according to the ...

California Arrests Bogus Auto Insurance Agent
November 2, 2009 at 10:37 am

A woman who faked being an automobile insurance agent, Leandra Delgadillo, 32, of Canyon Country has been arrested and booked into jail at the San Fernando Police Department on felony charges of ...

Small Business Owners See Their Firms Leading Recovery Next 2 Years
November 2, 2009 at 10:23 am

Looking out 12 to 24 months, small business owners say their companies will emerge from the recession strong and well positioned for growth over the next two years, leading the U.S. to economic ...

Oregon Bans Cell Phones in the Car
November 2, 2009 at 9:48 am

As of Jan. 1, you can get slapped with a $90 fine if you use a hand-held cell phone while driving in Oregon. Will that be enough to encourage motorists to keep their full attention on the road? ...

Connecticut Insurance Agent Admits Stealing Clients' Money
November 2, 2009 at 9:41 am

Federal prosecutors say a Waterbury businessman has admitted to ripping off more than $1.3 million from clients that authorities say was used to gamble at Connecticut's casinos. The U.S. ...

San Diego Power Company Pays Wildfire Restitution
November 2, 2009 at 9:34 am

San Diego Gas & Electric and Cox Communications have agreed to pay $17 million to settle claims by state investigators that poor maintenance led to three huge wildfires in 2007. The settlement, ...

Rhode Island House Approves Texting-while-Driving Ban
November 2, 2009 at 9:27 am

A proposal to ban Rhode Islanders from texting while driving is one step closer to becoming law. The state House of Representatives on Thursday approved legislation that would bar drivers from ...

Suit over Western Pennsylvania Fire that Killed 4 Dismissed
November 2, 2009 at 9:25 am

A panel of judges has dismissed a lawsuit against a utility company for a western Pennsylvania fire that killed four people. Two Cambria County judges say Penelec, which cut off service days ...

Q3 Profit Rises at CNA; CEO Motamed Sees 'Encouraging' Rate Trends
November 2, 2009 at 9:21 am

CNA Financial Corp.'s third quarter 2009 results included net operating income of $331 million and net income of $263 million along with a combined ratio for property/ casualty operations of ...

Groups Call for Balance in Immigration, Worker Protection Law Enforcement
November 2, 2009 at 8:49 am

Workplace immigration raids during the Bush administration interfered with ongoing labor investigations and allowed employers to exploit workers who complained about conditions on the job, labor ...

Kentucky Fire Department Sues Equipment Maker
November 2, 2009 at 8:41 am

A volunteer fire department in south central Kentucky is suing two equipment makers, alleging that faulty installation caused a fire truck to crash last year. The civil suit in federal court ...

House Health Bill Boosts FTC Authority Over Health Insurers
November 2, 2009 at 8:34 am

Health care legislation headed for a vote in the House would give the Federal Trade Commission authority to look into the health insurance industry at its own initiative, Democratic officials ...

Florida State Senator Wants Clinical Trial Claims Covered
November 2, 2009 at 8:32 am

A powerful Florida state senator wants insurance companies and HMOs to stop denying coverage of routine medical treatment, such as doctor's visits and X-rays, for Florida cancer patients ...

Firms Fight Flex Spending Account $2,500 Cap Under Health Reforms
November 2, 2009 at 8:29 am

Those tax-free spending accounts that employees use to help pay for dental work, insurance copayments or over-the-counter drugs face a hit under the health overhaul bills in Congress, unless a ...

S.H. Smith Hires Two
November 2, 2009 at 8:15 am

Insurance wholesale broker S.H. Smith & Co. has hired Shawn Young as a vice president in its large property/casualty department and Lisa A. Cox as vice president of it in-house underwriting ...

BP Refinery in Texas Hit with Record $87 Million Fine for Safety Violations
November 2, 2009 at 8:13 am

U.S. safety regulators on Friday hit oil giant BP with a record $87.4- million fine for failing to fix safety violations at its Texas City, Texas, refinery after a deadly 2005 explosion. In ...

Documents Reveal How SEC Botched Madoff Securities Investigations
November 2, 2009 at 8:07 am

U.S. securities investigators raised repeated concern over how Bernard Madoff could be running an honest business, but never followed through on the many red flags they uncovered. Hundreds of ...

Delaware Beats Swtizerland As Most Secretive Financial Center
November 2, 2009 at 8:02 am

Move over Switzerland. The tiny U.S. state of Delaware beats the Alpine country in a contest for the most secretive financial jurisdiction, a tax justice rights group said. The United States, ...

UN Climate Change Talks Resume as Time Runs Out for Deal
November 2, 2009 at 7:50 am

Time has almost run out to break the deadlock on a U.N. climate deal supposed to be struck in Copenhagen next month, the United Nations and Denmark warned negotiators at a final preparatory ...

At Least 14 Reported Dead as Typhoon Mirinae Lashes Philippines
November 2, 2009 at 6:07 am

Typhoon Mirinae has battered the Philippine capital and surrounding provinces, still reeling from recent flooding, killing at least 14 people [IJ Note â€" later reports have increased the ...

Wood Joins Florida's VanDyke Norman Agency
October 30, 2009 at 2:52 pm

Trish Wood has joined VanDyke Norman Insurance in St. Augustine, Fla., as an account executive. Wood brings 29 years of insurance experience in St. Augustine to VanDyke Norman Insurance. ...
 

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