Monthly Archives: <span>July 2011</span>

Louisiana Governor to Choose Adviser on Health Insurance Privatization

Three firms are vying to advise the Louisiana Gov. Bobby Jindal’s administration on efforts to privatize a state worker health insurance program. Michael DiResto, a spokesman for the governor’s Division of Administration, said the firms are Barclays Capital, Goldman Sachs …

Texas Crash Victim Anti-Solicitation Bill Finally Becomes Law

Legislation that makes it a crime for lawyers or health professionals to solicit crash victims within the first 30 days of an accident has finally become law in Texas. House Bill 148 by Rep. Todd Smith of Euless was approved …

Big Pay Increase for Wisconsin Insurance Regulator Turned Consultant

A career state insurance regulator will receive a big pay raise to become a consultant to the Wisconsin Office of the Insurance Commissioner. The Milwaukee Journal Sentinel reports that Lafayette County Judge William Johnston approved a contract that will pay …

Marsh & McLennan Agency Acquires Prescott Pailet Benefits in Dallas

Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., has acquired Prescott Pailet Benefits LP (PPB), a $6 million employee benefits broker based in Dallas, Texas. Terms of the transaction were not disclosed. Formed in 2006 …

Insurance Investigators not Considered Critical in Minnesota Shut Down

The Ramsey County, Minn., judge overseeing state spending in the government shutdown has ordered continued funding for several Minnesota Historical Society operations and continued pension payments for former state executive officers but denied a request to fund insurance investigators at …

Insurer Questions Coverage for Jilted Football Player’s Engagement Ring

A jilted professional football player has filed a lawsuit to compel the safe return of the $76,000 engagement ring he offered in a marriage proposal-by-mail. An insurance company investigation determined the bauble was in the possession of the wide receiver’s …

States to Learn Details of Health Insurance Exchanges Today

States deciding whether to set up health insurance exchanges will get more information today when the Obama administration reveals more on how these complex marketplaces will work. The federal government has so far given few details on this transformative part …

Thompson Joins NAIC as Manager of International Relations Unit

The National Association of Insurance Commissioners (NAIC) has hired a former Capitol Hill advisor as manager of International Relations. Eric Thompson will be responsible for coordinating state insurance regulators’ efforts on key international financial regulatory issues. The NAIC International Relations …

Federal Debt Negotiators Eye Limiting Health Insurance Tax Break

Limiting the tax break for employer-provided health insurance became a bargaining chip on Friday in congressional negotiations to beat an Aug. 2 deadline for averting a U.S. default. “Limiting the deduction for the higher income brackets is something that is …

The walk uphill to school… both ways

I remember my mom and dad telling us stories growing up about how tough things were when they were our age. My sisters and I would be shocked by some of the circumstances they endured as kids. We now know …