The Congressional Budget Office said on Tuesday in a report that President Barack Obama’s healthcare law will reduce American workforce participation by the equivalent of 2 million full-time jobs in 2017, a finding that could fuel Republican efforts to paint …
Several Cape Cod communities in Massachusetts are still waiting for federal reimbursement for repair work after Superstorm Sandy in October 2012 and the blizzard of February 2013. The Cape Cod Times reports that Sandwich, for example, had $5 million in …
AXIS Insurance has formed a healthcare unit that will focus on providing professional liability insurance and associated standard casualty coverages for physician groups, hospitals, allied healthcare facilities and individual physicians. Kimber Lantry, who recently joined AXIS Insurance as an executive …
The Texas Department of Insurance-Division of Workers’ Compensation has approved 11 companies self-insure for workers’ compensation claims. To qualify, a company must have a minimum workers’ compensation insurance unmodified manual premium of $500,000 and meet other requirements subject to annual …
Leavitt Central Coast Insurance Services has hired Joe Bonura in its Central California operation. Bonura specializes in commercial insurance for trucking and agriculture. Prior to the Leavitt Group, Bonura sold individual health plans. He also worked as a media consultant …
Hartford Financial Services Group Inc., now focusing on property/casualty coverage, posted a profit in the fourth quarter as catastrophe costs fell. Net income was $314 million, or 65 cents a share, compared with a loss of $46 million, or 13 …
Florida-based Universal Property & Casualty Insurance Co. (UPCIC) has applied to expand into Indiana, Minnesota and Delaware. UPCIC is one of the leading writers of homeowners insurance in Florida and a fully licensed operator in North Carolina, South Carolina, Hawaii, …
The Kansas Insurance Department is asking the Legislature for permission to raise fees paid by insurance companies because the state has diverted millions of dollars from its regulatory fund for other purposes. Zachary Anshutz, assistant commissioner of insurance, said the …
Florida CFO Jeff Atwater said an ongoing insurance fraud investigation known as “Operation Leaky Pipes” has led to the arrests of 12 Miami residents. He said the investigation uncovered a scheme between a licensed public adjuster and a plumber to …
Bermuda-based Ironshore Inc. announced that its Australian subsidiary has entered into an agreement to purchase all of the shares of Assetinsure Holdings Pty Ltd, the parent company of Assetinsure Pty Ltd (collectively Assetinsure). Ironshore described the company as a “specialist …
