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

Report: Few Iowans Acknowledge Smoking on Insurance Applications

Surveys show about 20 percent of adults in Iowa smoke regularly, but a much smaller percentage acknowledged their habit when signing up for insurance with federally mandated forms. According to the Centers for Disease Control and Prevention, about 20 percent …

Baton Rouge-Area Among Top Gainers for New Construction Jobs

Large amounts of construction in the Baton Rouge, La.-area has led the region to be named among the top gainers in the nation for new construction jobs. NOLA.com/The Times-Picayune reports the recognition was announced on July 30 in a report …

Illinois Workers’ Comp Rate Set to Fall in 2015

Illinois Gov. Pat Quinn says the state’s workers’ compensation insurance rates will drop 5.5 percent next year. Quinn announced the cut in rates is being recommended by the National Council on Compensation Insurance, which annually reviews payments and fees and …

Hartford’s McGee Discusses Company’s Turnaround, Transformation

The Hartford Financial Services Group’s Liam McGee, who stepped down as president and CEO on July 1 but will remain executive chairman until next year’s shareholder meeting, spoke about the company’s transformation at the second quarter earnings conference call Thursday. …

New Suit Filed in Louisiana Claims Chinese Drywall Destroyed Homes

Lawyers for people who say their homes were wrecked by defective drywall made in China have filed a new lawsuit against the manufacturers and a new defendant — the Chinese Cabinet agency that oversees the country’s biggest state-owned companies. “We’re …

Former New York Cop Sentenced for Inflating Auto Claim

A retired Buffalo, New York, police officer will avoid jail but must pay back $6,400 after inflating a car insurance claim. U.S. Attorney William Hochul says 49-year-old Johnnie Fritz was sentenced Wednesday to 10 months in home confinement for his …

City’s Sewage Test Floods Basement in Clifton, New Jersey

A northern New Jersey couple had a joint birthday celebration ruined after their city’s sewage test flooded their basement and ruined flooring that was put down the day before. Officials in Clifton, New Jersey, apologized to Mike and Jennifer Prybicien …

General Star Upgrades Chemical Product Manufacturers, Distributors Coverage

General Star Management Co. has unveiled underwriting enhancements for chemical product manufacturers and distributors. For the first time, General Star will offer occurrence form coverage for manufacturers and distributors of certain less hazardous chemicals, including those categorized as “environmentally green.” …

Broker-Dealer Buys Alabama Wholesale Broker for $42M

Miami-based broker-dealer Ladenburg Thalmann Financial Services Inc. said it has acquired Highland Capital Brokerage Inc., an independent life, annuities and long term care insurance brokerage, for $42 million. Highland, which is headquartered in Birmingham, Alabama, provides point-of-sale support along with …

Florida’s Federated National Seeks $40M in IPO

Federated National Holding Co., a Florida-based property/casualty insurer, announced that it has priced an underwritten public offering of 2,051,283 shares of its common stock at a price to the public of $19.50 per share for gross proceeds of $40.0 million. …