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

North Dakota Bans Grand Forks Firm from Insurance Business

North Dakota Insurance Commissioner Adam Hamm has barred a Grand Forks man and his insurance company from doing business. The cease and desist order was issued against David Glessner and MAG Insurance LLC. They are accused of improperly using money …

LWCC Reducing Overall Rates by 4.1%

Louisiana Workers’ Compensation Corporation (LWCC) announced tthat it will implement an overall rate reduction of 4.1 percent beginning Oct. 1, 2010. This marks the sixth consecutive year that LWCC has reduced overall rates, and it comes on the heels of …

Obama Administration Asks Health Insurers to Embrace Reforms Now

U.S. Health Secretary Kathleen Sebelius, who has bashed insurers over rate increases, is seeking their help in making medical coverage accessible for more patients in the years before major reforms take effect. Sebelius, in an interview with Reuters, said she …

Health Records Firms Face Increasing Privacy Liability

U.S. companies that partner with hospitals and other health providers could face steep fines if they disclose private patient information under a new federal rule proposed Thursday. Billing companies, customer service contractors and other businesses regularly handle private health records, …

Reed Insurance Agency Joins San Group

Reed Insurance Agency based in New Windsor, New York has joined the Satellite Agency Network (SAN) Group Inc. Agency Owner Kevin Reed and Matt Masiello, president and chief operating officer of New Hampshire-based SAN Group, announcing the move, said the …

Small Businesses Pay 33% of Rising Tort Costs Out-of-Pocket

A new study from the U.S. Chamber of Commerce shows that small businesses shoulder a sizable burden of the nation’s tort liability costs, having paid $105.4 billion in 2008— a third of it out of their own pockets. According to …

CNA Opens Alabama Branch

CNA Financial Corp. has opened its newest branch office in Birmingham, Alabama. The office is one of five new branches the global business insurer has opened or will open within the past year. Kent Skidmore, recently appointed branch vice president, …

Imperial Sugar to Pay $4 Million Fine for Deadly Georgia Blast

Imperial Sugar has agreed to pay more than $4 million in fines for safety violations at its Georgia refinery where a dust explosion killed 14 workers in 2008, federal regulators said. The settlement with the U.S. Occupational Safety and Health …

IASA Elects Glatfelter’s Lowenthal as President

The Insurance Accounting and Systems Association Inc. (IASA) has elected Craig S. Lowenthal as president of the association. Lowenthal, a social media strategist for Pennsylvania-based Glatfelter, has been a technology professional for 25 years, and focused in the insurance industry …

Marsh’s UK National Corporate Names New Leadership Team for Scotland

Marsh’s UK office announced senior appointments to its Scottish National Corporate business, which provides risk and insurance advice for mid to large size corporations. They follow Marsh’s acquisition of HSBC Insurance Brokers, completed on April first [See IJ web site …