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

Corporate Insurance Group Merges with IMA Financial Group

The IMA Financial Group Inc. and its wholly owned subsidiary, IMA Inc., announced a merger with Corporate Insurance Group Inc. (CIG), located in Overland Park, Kan. CIG President George M. “Mac” Humphries III, will join IMA post-merger. CIG is a …

New York State Insurance Fund Celebrating Its 100th Year

The New York State Insurance Fund (NYSIF), a New York State agency established to provide a guaranteed source of workers’ compensation insurance coverage, is celebrating its centennial anniversary this month. NYSIF announced that July 1, 2014, marked the 100th anniversary …

Agent Appointment Fee Reduction in Ohio Expected to Save Insurers $11.3M

A reduction in the fee insurance companies pay to “appoint” insurance agents is expected to result in $11.3 million in reduced annual costs, Lieutenant Governor and Department of Insurance Director Mary Taylor announced. An amended rule took effect in Ohio …

12 Companies Approved to Self-Insure for Workers’ Comp in Texas

The Texas Division of Workers’ Compensation (DWC) approved 12 renewals of the Certificates of Authority for companies to self-insure their workers’ compensation claims for a one-year period under the DWC Self-Insurance Program. These companies collectively employ approximately 36,678 employees in …

New Jersey Gov. Christie Announces New Sandy Elevation Grants

Dozens more homeowners in New Jersey have received grants to raise their homes above flood levels in the aftermath of Superstorm Sandy. Gov. Chris Christie traveled to Keansburg on Monday to announce that 132 more federal Hazard Mitigation Grant Program …

Uber Temporarily Cutting NYC Prices to Compete With Yellow Cabs

Uber Technologies says it is temporarily cutting its prices in New York City with the aim of making its service cheaper than an average taxi ride, the car service app announced Monday. The San Francisco start-up said it is reducing …

Aspen U.S. Appoints Kotsiopoulos As Broker Relationship VP

Aspen U.S. Insurance said George Kotsiopoulos has joined as vice president, Broker Relationship leader. Kotsiopoulos joins Aspen U.S. Insurance with underwriting and distribution experience from previous positions at Zurich and AIG. Reporting to Robert Rheel, executive vice president, U.S. Head …

Chemical Spill Caused Health Effects for 1 in 5 West Virginians: Survey

One in five West Virginians who responded to a survey thought they had health issues after a chemical spill into the water supply in January. In the survey conducted in April by state and federal health officials, 36 percent of …

West Virginia Mine Disciplines Managers After Black Lung Risk Exposed

Rhino Eastern LLC changed management at its Eagle Mine 3 after inspectors warned that coal miners faced the risk of deadly explosions and developing black lung disease. The company acknowledged falling short of safety standards. Rhino Eastern also took other …

Chicken Producer, London Insurers Battle Over ‘Recall’ Definition

Foster Farms and its London insurers are facing off over the definition of “product recall” as the poultry producer seeks payment of $14.2 million in claims arising from a government-mandated shutdown of one of its plants, court documents show. The …