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

Judge: Massachusetts Town Can’t Stop Discrimination Suit

A federal judge has ruled that a social services agency that wanted to open a group home for recovering drug addicts in Framingham can move forward with its lawsuit against the town. Judge Douglas Woodlock on Thursday denied a motion …

Feds to Insurers: Don’t Blame Health Reform for Rate Hikes

President Barack Obama’s top health official is vowing “zero tolerance” for insurers that blame premium increases on the new health overhaul law. In a strong letter to the insurance lobby, HHS Sec. Kathleen Sebelius said she’s putting companies on notice …

Drugmaker Lilly Wins Reversal of Overpricing Case Brought by Insurers

A federal appeals court decertified a class of unions and insurers that accused Eli Lilly and Co. of overpricing its Zyprexa anti-psychotic drug after misrepresenting its efficacy and side effects. The U.S. Second Circuit Court of Appeals Friday also said …

AAIS Revises Watercraft Coverage Programs, Offers 2-for-1

Property/casualty insurers now have access to two standardized watercraft coverage programs for the cost of one. The American Association of Insurance Services (AAIS) has released revised forms and new manual rules and loss cost rating information for insuring privately owned …

Insurance Journal Academy Attending the First Virtual Insurance Marketplace Tradeshow

Please join us at the insurance industry’s first Virtual Insurance Marketplace tradeshow. October Wed 27- Sat 30 2010. Get all the benefits of attending an insurance trade show without any expense or leaving your office: · Find New Markets · …

Firefighters Battle ‘Most Destructive Wildfire in Colorado History’

Approximately 700 firefighters have been battling a wildfire just outside Boulder, Colo., for five days. Meanwhile, Boulder residents are preparing to evacuate any time as the Fourmile Canyon fire spread to within 10 miles of the city. According to catastrophe …

Wind Inspectors in Louisiana Say Insurers Vary on Proof for Discounts

In the entire state of Louisiana, there are only 16 of them, and they want business. They are certified wind inspectors, and for $150 to $200 they say they can knock hundreds of dollars off homeowners’ annual insurance premiums. “I …

Matza to Serve as CEO at Preferred Professional Insurance

Preferred Professional Insurance Co., an Omaha, Neb.-based Catholic-owned medical liability insurance firm, announced that Lynnette Matza, CPA, has been appointed as PPIC’s next chief executive officer effective Jan.1, 2011. Matza will succeed T.J. McKivergan. Matza has been with the company …

Insurance Claims Pour in from Tropical Storm Hermine

Like the rainfall that inundated Texas as a result of Tropical Storm Hermine, claims from property damage caused by the storm have been pouring in to insurers, the Insurance Council of Texas has reported. ICT spokesman Mark Hanna says claims …

Blue Cross Leads Health Insurers in Florida

Florida released a report yesterday listing the market share and earnings of accident and health insurers, and Blue Cross and Blue Shield of Florida, Inc. ranked first in premiums earned, with $3.9 billion in direct premiums earned in 2009. Despite …