Monthly Archives: <span>June 2008</span>

Bank Insurance Brokerage 1Q Earnings Hit Second-Highest Level Ever

Quarterly earnings from bank insurance brokerage hit their second-highest level in first quarter 2008. Bank insurance brokerage earnings in the first three months of 2008 were $1.078 billion, up 8.6 percent from $993.3 million in the first quarter of 2007 …

Wells Fargo Insurance Services Founds Western Division of Industry Charitable Foundation

The Insurance Industry Charitable Foundation has launched a new Western Division. After 15 years operating solely in California, the Foundation has expanded to include all areas of the Western United States. Wells Fargo Insurance Services will serve as the founder …

Jury Selection Begins in Alabama for Trial of 70 Pharmaceutical Firms

Jury selection is beginning in the next trial of Alabama’s lawsuits against more than 70 pharmaceutical companies for allegedly overcharging the state’s Medicaid program. A jury is being selected June 17 in the trial against drug companies Novartis Pharmaceuticals and …

U.S. Risk Offers In-Store Medical Clinic Coverage

U.S. Risk Inc., a subsidiary of U.S. Risk Insurance Group Inc. launched Quick Clinic, a new comprehensive insurance product for in-store medical Clinics. “Quick Clinic is designed to offer comprehensive and turn-key coverage, making it easy for agents to service …

San Diego Man Sentenced for Workers’ Comp Fraud

A San Diego man has been sentenced for insurance fraud. On May 21, 2008, Ramon Romo was sentenced to 180 days in San Diego Superior Court and ordered to pay more than $25,000 in restitution in addition to $680 in …

Fire Does $1M Damage to Pennsylvania Church

Fire officials in Lancaster County, Pennsylvania say a blaze did an estimated $1 million damage to a church in Caernarvon Township early Sunday. Flames were shooting from the roof of the south wing of Conestoga Mennonite Church when firefighters arrived …

Update: Firefighters Pump Lake Water to Douse North Carolina Blaze

Firefighters will pump 6 million gallons an hour from two lakes to saturate a huge wildfire in eastern North Carolina that’s burned for more than two weeks. The fire, started by a lightning strike on private land, began June 1 …

Insurers Could Be Hit by U.S. Midwest Crop Loss Claims

Insurers who sell coverage compensating farmers in the event of damage to their crops could be hit by claims from severe flooding in parts of the U.S. Midwest, according to an analyst report. While it is too soon to know …

New York Workers’ Comp Board Targets Workplace Safety for Teens

The New York Workers’ Compensation Board said it will expand a program to promote job safety for teenage workers. The program is a partnership with the Department of Labor where the board refers to the department cases involving minors injured …

Ascher Joins RPC Insurance Agency

Veteran insurance professional Marty Ascher has joined RPC Insurance Agency as marketing manager. Ascher will oversee all aspects of developing the independent agency network and product distribution for the Bethpage, New York-based agency, a wholly owned subsidiary of Kingsway America …