Monthly Archives: <span>April 2014</span>

Aetna Completes Acquisition of UK-Based InterGlobal

Aetna announced that it has completed its acquisition of United Kingdom-based InterGlobal from a group led by its majority shareholder Alchemy Partners. The bulletin noted that “InterGlobal specializes in international private medical insurance for groups and individuals in the Middle …

Agriculture Economists Help Mississippi Farmers Select Crop Insurance

Mississippi growers at some point this fall will have to make a momentous, one-time decision on how best to insure their livelihood over the next five years. In arriving at that decision, they will depend in large part on agricultural …

Mass. Regulator on Boston Bombing Claims, TRIA Reauthorization Effort

Massachusetts Division of Insurance’s last data call showed that the vast majority of insurance claims stemming from the Boston marathon bombing tragedy have been resolved. The data also revealed that among the 160 commercial property and business interruption claims made …

Vermont Regulators: Updated Law Offers ‘Welcome Option’ for Inactive Captives

Vermont’s updated captive insurance law now offers inactive captives in the state a chance to apply for a “dormant” status. Vermont regulators said this latest modification reflects the state’s ongoing effort to introduce new prudent legislation for the captive industry. …

6 N.J. Residents Charged in Staged Auto Accident Scheme

New Jersey authorities say six Passaic County, N.J., residents played roles in a staged-automobile accident scheme that defrauded two insurance companies out of more than $78,000. Acting state Attorney General John Hoffman announced the charges Monday. He said five of …

Report: Superstorm Sandy’s Fallout Tough on Small Businesses

When suburban New York delicatessen owner P.J. Whelan heard the findings of a Federal Reserve Bank of New York poll released Monday on Superstorm Sandy’s effect on small businesses, he began nodding in agreement. “They got those numbers right,” the …

Poll: N.J. Residents Back Gov’t Storm Mitigation Efforts but Few Willing to Pay

A newly published study from Rutgers University in New Jersey shows that most state residents strongly support government programs aimed at lowering the likelihood of severe damage from future hurricanes. The study also found, however, that only a small fraction …

Recent Quakes Push Interest, Sales of Policies in California

Some people don’t need Earth Day to be reminded they live on a planet powered by the forces of nature. The recent string earthquakes on the Pacific belt may have hit home with California homeowners, who were already a bit …

Federal Suit Filed Against California Lawmaker, Aide in Fatal DUI

The parents of a Santa Barbara woman who was fatally struck by a congresswoman’s aide filed a federal lawsuit against the driver, U.S. Rep. Lois Capps and the U.S. government. The wrongful death suit filed by Matt and Raeona Dies’ …

Monster Involved in Insurer-Funded Settlement in California

Corona, Calif.-based Monster Beverage Corp. has agreed to settlement an ongoing securities class action lawsuit against the company and two of its officers in federal district court in Los Angeles. The settlement, reportedly worth $16.25 million, is pending court approval. …