Monthly Archives: <span>June 2012</span>

AIG Pays Massachusetts $3.4M in Multi-State Workers’ Comp Settlement

Massachusetts Insurance Commissioner Joseph Murphy announced Thursday that the state received more than $3.44 million as its share of a 50-state settlement with the American Insurance Group. Commissioner Murphy stated that AIG has admitted it had underreported workers’ comp premiums, …

Michigan State Police: 8,050 Citations in Belt Crackdown

State police say an annual Michigan enforcement crackdown on motorists who fail to use seat belts and child safety seats led to 8,050 citations. That’s down about 1,000 from 2011. This year’s Click It or Ticket campaign ran from May …

Campgrounds Reopen After Michigan Upper Peninsula Wildfire

Officials say several state forest campgrounds in Michigan’s Upper Peninsula that were closed during a recent wildfire are completely or partially reopened. The Michigan Department of Natural Resources announced that most of the recreational facilities in the area of the …

Wisconsin Insurance President Indicted for Fraud

A federal grand jury has indicted the president of a Wausau insurance company on 24 counts of fraud. According to an indictment, J.N. Manson Agency President Timothy Mathwich forged insurance premium finance notes for customers who never requested them and …

Oklahoma Judge Rules Against OSU, Pickens in lawsuit

A Payne County judge ruled against Oklahoma State University’s athletic fundraising arm and its top booster, T. Boone Pickens, in their attempt to recover money spent on life insurance premiums in the school’s “Gift of a Lifetime” fundraising plan. Associate …

Health Insurers to Pay $62M in Rebates in Illinois

The Obama administration has announced that 300,000 Illinoisans will benefit from nearly $62 million in rebates from insurance companies because of the federal health law that critics have labeled “Obamacare.” The law requires insurance companies to spend at least 80 …

Judge Rules for Employees in Post-Katrina New Orleans School Firings

Thousands of New Orleans school employees were wrongfully fired after Hurricane Katrina scattered the populations and shut down the city and its schools, a Louisiana judge ruled. Judge Ethel Simms Julien awarded more than $1 million to seven people who …

Experts Say Science Lacking on 9/11 and Cancer

Call it compassionate, even political. But … scientific? Several experts say there’s no hard evidence to support the federal government’s declaration this month that 50 kinds of cancer could be caused by exposure to World Trade Center dust. The decision …

Euro Zone’s Big Four Agree on $163 Billion Growth Boost; Split on Euro Bonds

The leaders of Germany, France, Italy and Spain agreed on Friday on a €130 billion ($163 billion) package to try to revive economic growth in Europe but differed over whether and how to launch joint bonds to combat the euro …

White Mountains Acquires 2 PICO Holdings Insurers in Run-Off

White Mountains Solutions Holding Co. , a wholly owned subsidiary of White Mountains Insurance Group, Ltd. and the group’s specialist runoff acquisition operation, has agreed to acquire Physicians Insurance of Ohio and Citation Insurance Co. from PICO Holdings, Inc. Both …