Monthly Archives: <span>April 2010</span>

Keystone Insurers’ Kentucky Derby and Where It’s Going Next

Pennsylvania-based insurance agency franchisor Keystone Insurers Group has more than 200 agency owner-partners and it’s not done yet, says Colin Buzzard, Keystone’s executive vice president of sales and marketing. Currently, Keystone has agency partners in Pennsylvania, North Carolina, Virginia, Indiana …

Who Pays?

Things are heating up in the world of Chinese drywall. Courts are issuing opinions, a U.S. consumer products safety agency is recommending gutting homes with the product, and a consumer watchdog group is insisting that President Obama board Air Force …

West Virginia Doctor Probed Over Workers’ Compensation Prescriptions

Investigators have seized a small fortune from a Mingo County, West Virginia doctor in a case that parallels a previous raid of a Williamson pain clinic, court filings show. The U.S. District Court papers disclose that prosecutors are negotiating a …

Declarations

Miner Safety “We know there are things in the law that needed to be improved even before this tragedy. Unfortunately mine health safety laws are passed in the blood of dead miners.” —Aaron Albright, a spokesman for the House Education …

Lockton: Soft Market Pricing Continues to Benefit Insurance Buyers

Commercial insurance buyers continue to benefit from lower prices and steady or increasing insurance capacity in property/casualty markets, reports the nation’s largest insurance broker. In its newly published Lockton Market Update, global insurance broker Lockton, also says the U.S. employee …

Ascension Insurance Acquires Nevada’s Kapp Insurance Agency

Kansas City, Mo.-based Ascension Insurance Inc. has announced the acquisition of the Las Vegas-based Kapp Insurance Agency Inc., doing business as Portal of Nevada. Portal of Nevada is a full service employee benefits consulting firm with clients throughout Nevada and …

Some Health Insurers Shifting Costs Ahead of New Loss Ratio Mandate

Some of the largest U.S. health insurers are changing their accounting practices to book administration costs as medical costs in an attempt to circumvent new industry reforms, according to a recent U.S. Senate panel’s report. Under the healthcare law passed …

Bill Targeting New Orleans Saints Workers’ Comp Issues Expanded

An attempt by the New Orleans Saints to lower its workers’ compensation costs for injured players has mushroomed into an issue that would apply to all businesses and employees in Louisiana. The Saints were pushing a bill by Rep. Cameron …

Many Midwest Homeowners Reject FEMA Flood Buyouts, Despite Benefits

Two years ago, Larry Frese thought he’d escaped the worst of a flood that had left a lot of his neighbors’ homes in Chelsea, Iowa, and a large swath of the state underwater, even as overflowing Otter Creek lapped at …

Florida to Hold Hearing on Federal Healthcare Reform Impact

Florida regulatory officials are preparing for the implementation of the new healthcare reform law. Florida Insurance Commissioner Kevin McCarty said his Office of Insurance Regulation (OIR) will use a May 4 joint public hearing with the Florida Health Insurance Advisory …