Monthly Archives: <span>June 2015</span>

Miami Home Health Company Settles Medicare Fraud Scam for $17M

A Miami home health company has agreed to pay $17 million for allegedly paying doctors to refer Medicare patients. Department of Justice officials said the settlement with Hebrew Homes Health Network Inc. is the largest involving alleged violations of the …

Freedom Industries to Pay $2.5M in West Virginia Spill Cleanup

The company behind a massive chemical spill last year has reached a $2.5 million deal with West Virginia environmental regulators for cleaning up its contaminated site, according to new court filings. The Charleston Gazette reports Freedom Industries released the plan …

Insurers Stepping Toward Greater Green Investment Footprint

This is the second of a two-part column on green bonds.The first installment focused on bond sales. Australian carrier QBE Insurance Group Ltd. has invested $190 million Australian Dollars ($148.42 million) in four green bonds in the last year-and-a-half, and …

Illinois’ Harper College to Host Zurich’s Apprenticeship Program

A global insurance company is teaming up with a Chicago-area community college to create what they believe is the first-of-its-kind insurance apprenticeship program in the United States and one they hope will become an industry standard in this country for …

Penn. Healthcare Marketplace Plan Strictly a Contingency: Gov.’s Office

Pennsylvania Gov. Tom Wolf’s administration will pull the plug on its effort to start running the insurance marketplace created by the 2010 health care law if the U.S. Supreme Court allows federal health insurance subsidies to keep flowing to hundreds …

General Star Expands Admitted Architects & Engineer Coverage to 3 Southeast States

General Star has expanded its Architects and Engineers Professional Liability program on an admitted basis in North Carolina, South Carolina and Georgia. These three states join New York, New Jersey and Pennsylvania as territories in which admitted paper is obtainable. …

JLT Specialty, Keeper Security Form Client Data Protection Partnership

JLT Specialty Insurance Services Inc. (JLT Specialty USA), and Keeper Security, Inc., a password manager and digital vault, have formed a partnership designed to offer clients a tool to protect confidential and private information and improve their underwriting risk profile. …

Market Strategies International Adds Bowler to Financial Services Team

Market research firm, Market Strategies International, has added insurance industry veteran Jeremy Bowler as a senior vice president of research and consulting in the Financial Services division in Detroit. Bowler brings more than 25 years of experience in marketing and …

High-Net Worth Insurer PURE Group Recapitalizes with Stone Point Capital, KKR

Privilege Underwriters Inc., the holding company for the PURE Group of Insurance Companies, including the member-owned Privilege Underwriters Reciprocal Exchange (PURE), said it is recapitalizing with equity investments from funds managed by private equity firm Stone Point Capital, investment firm …

Illinois’ Euclid Insurance Forms Financial Institutions Underwriting Unit

Euclid Insurance Services Inc. (Euclid), based in Itasca, Ill., has formed Euclid Financial Institution Underwriters LLC (Euclid Financial) and hired David McDonald and Jim Thomas to lead the new operation. Euclid Financial is a program administrator specializing in professional lines …