Monthly Archives: <span>January 2006</span>

Minn. Gov. Issues Executive Order to Correct Medicare Glitches

Minnesota Governor Tim Pawlenty signed an emergency executive order this weekend authorizing the Minnesota Department of Human Services to help cover some costs for low-income residents struggling to get prescription drugs under a new Medicare plan, according to the Associated …

NAIC: Standards for Sale of Life and Annuities Should Protect “All Ages”

North Dakota Insurance Commissioner Jim Poolman has called for the National Association of Insurance Commissioners to review and develop new standards for the sale of life insurance and annuities that would protect consumers of all ages. Poolman, chairman of the …

States Claim FDA Drug Labels Would Undermine State Product Liability Laws

The National Conference of State Legislatures has accused the federal Food and Drug Administration of attempting to preempt state prescription drug product liability laws despite Congress and the courts’ refusal to grant them such power. The state group says the …

N.Y.’s $5M in Grants to Combat Auto Theft, Insurance Fraud

The New York State Division of Criminal Justice Services has awarded more than $5 million to 29 law enforcement agencies in 16 counties throughout the state to support local programs to combat motor vehicle theft and prevent insurance fraud. The …

Allstate Backs National Disaster Fund But Other Insurers Balk

The chief executive of Allstate Corp., one of the largest U.S. insurance companies, has endorsed a proposal to create a national insurance catastrophe fund as a backstop to state disaster funds. Several Florida lawmakers have proposed legislation to create a …

Massachusetts Agent’s Body Found in Garage; Aronson Insurance Victim Shot to Death

An insurance agent, described by neighbors as friendly and generous, was fatally shot in the head when he parked his car next to his Newton office last Friday morning, authorities said. Edward Schiller, 39, of Framingham, worked for Aronson Insurance, …

Wal-Mart Weighs Legal Challenge to Md. Benefits Law

Wal-Mart Stores Inc., faced with a new Maryland law designed to pressure the retail chain into spending more money on health insurance for its employees, is considering a challenge to the groundbreaking legislation. Sarah Clark, a Wal-Mart spokeswoman, said Friday …

Man Wanted for Mass. Auto Fraud Captured in Dominican Republic

Two brothers from Lawrence, Mass. who are both on the state’s most wanted fugitives list were captured lays Friday in the Dominican Republic, state police said. Andres Maldonado, 21, is the alleged trigger man in a fatal drive-by shooting in …

Calif. Commissioner, FEMA Warn Residents to Prepare for Next Flood

Urging residents to make disaster preparedness and insurance readiness a top priority, California Insurance Commissioner John Garamendi and FEMA officials cautioned Sacramento County residents, Friday, to take proactive steps to prepare for the next inevitable natural disaster. Following the recent …

MarketScout Reports Availability of New Capital Softening Market