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

Mass. Insurers Pledge to Keep Key Benefits of Federal Healthcare Law

The largest health insurers in Massachusetts say they plan to keep two popular provisions of the federal healthcare law even if the U.S. Supreme Court decides to overturn it. Blue Cross Blue Shield of Massachusetts, Harvard Pilgrim Health Care, and …

Rates for Good Drivers in Cities Too High, Too Variable, Says Consumer Group

The Consumer Federation of America (CFA) says that most good drivers — those with no accidents or moving violations — who live in moderate-income areas in 15 cities are being quoted what the group maintains are high auto insurance rates …

North Carolina Workers’ Compensation Outpatient Payments Growing: WCRI

Hospital charges for the treatment of injured workers in North Carolina are growing quickly in the wake of regulatory changes meant to reduce outpatient costs, according to a study by the Workers Compensation Research Institute (WCRI). Regulations enacted in 2009 …

U.S., European Union Struggle to Overcome Regulatory Barriers

The United States and the European Union, stung by past failures to liberalize trade, are struggling over how to tackle regulatory barriers in areas ranging from financial services to chemicals that pose the biggest obstacle to a transatlantic free trade …

Businesses Concerned Over South Carolina Hurricane Evacuation Plan

Hotel owners and tourism promoters along South Carolina’s Grand Strand are concerned about new hurricane evacuation plans that take into account storm surge and include areas not previously part of such plans. The Sun News of Myrtle Beach reported that …

Prosecutors Say Alpha Has Improved Mine Safety Since West Virginia Settlement

Alpha Natural Resources has significantly cut its accident and injury rates in the six months since a landmark $210 million settlement that spared the company criminal charges over the 2010 mine explosion that killed 29 workers, federal prosecutors say. Alpha …

Ratings Recap: Arab Misr, L’Union Canadienne, Gulf Insurance, Island Heritage, Eastern Re

A.M. Best Europe – Rating Services Limited has downgraded the issuer credit rating (ICR) to “bbb” from “bbb+” and affirmed the financial strength rating (FSR) of ‘B++’ (Good) of Egypt’s Arab Misr Insurance Group S.A.E. (AMIG), and has revised its …

Xchanging Sees 40% Productivity Increase for Firms Using AOM Tool

Xchanging, the UK-based business process and technology services provider and integrator, said it is “seeing radical benefits for firms employing Active Operations Management (AOM) to achieve operational excellence.” The bulletin explained that “AOM is transforming firm’s service operations management by …

ANALYSIS: Big Greek Risk Morphs into More Economic Uncertainty

Greece’s election has averted the immediate threat of a euro break-up, but it does nothing to restore the magic ingredient missing in the European and global economies – confidence. Investors and corporate executives are paid to calculate risk. But they …

Best Downgrades Brit Insurance Ltd. Ratings; Keeps on Review/Negative

A.M. Best Europe – Rating Services Limited has downgraded the financial strength rating (FSR) to ‘B++’ (Good) from ‘A-‘ (Excellent) and the issuer credit rating (ICR) to “bbb+” from “a-” of UK-based Brit Insurance Limited (BIL), and has kept the …