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Oklahoma State Revenue Up but So Is Unemployment Rate

The good news is that state revenue in Oklahoma is improving. The bad news is that the state’s unemployment rate is increasing. The state Board of Equalization has certified revenue that will be available to pay for state services during …

New Hurricane Insurer Enters Hawaii Market

Hawaii Insurance Commissioner J.P. Schmidt has announced the formation of a business association between First Insurance Company of Hawai’i (FICOH) and AXIS Insurance Co. Through this program, AXIS Insurance Co. will offer hurricane insurance to new and existing FICOH homeowners …

Judge Tells Louisiana to Reconsider Health Insurance Contract

A judge on June 21 ordered the state of Louisiana to reconsider its award of a contract to Blue Cross and Blue Shield of Louisiana to administer the HMO health plan for state workers, retirees and their dependents. Humana previously …

Ariz. Judge Rules Against State on Fund Raid

A new court ruling says the Arizona Legislature’s raid of nearly $4.7 million from a special fund for injured workers was illegal. Maricopa County Superior Court Judge Larry Grant says the money to be transferred into the state general fund …

Accidents Bring New Calls for Helmet Law in Iowa

A recent spate of motorcycle accidents have prompted renewed calls for an Iowa helmet law. The Insurance Institute for Highway Safety reports Iowa, Illinois and New Hampshire are the only states without helmet laws, even to protect their youngest residents. …

ABI ‘Applauds’ UK’s Budget Austerity; Will Help Insurers to Compete

Chancellor George Osborne’s budget proposals, featuring spending cuts and new taxes, has received mostly a thumbs up from the Association of British Insurers. Commenting on the measures, Kerrie Kelly, the ABI’s Director General, stated: “We wholly support the commitment to …

Ryan Joins Hylant Group’s Employee Benefits Division in Chicago

Privately owned insurance brokerage, Hylant Group, has hired employee benefits industry expert Gates Ryan as client executive in its Chicago office. In this role, he will provide strategic consultation regarding all aspects of health and wellness benefits for individuals and …

Aegon May Sell Transamerica Re; to Concentrate on UK Units

Dutch insurer Aegon NV is considering the sale of its U.S.-based Transamerica Reinsurance unit but has decided not to sell its UK arm, as it seeks to concentrate on its most profitable activities. Aegon said on Tuesday any proceeds from …

Marshall Joins ASI Healthcare’s Liability Sales Team in Atlanta

Paul Marshall has joined ASI Healthcare in Atlanta, a division of American Safety Insurance, as vice president of sales in ASI Healthcare Division. Marshall will be responsible for ASI’s liability products for long-term care services, such as nursing homes, assisted …

Willis Programs, Krause and Butt Launch RecycleGuard in Ontario

Willis Programs of New Hampshire, Inc., a unit of Willis Group Holdings, announced that it has signed an agreement with Krause and Butt Insurance Brokers Limited of Barrie, Ontario, Canada to offer the RecycleGuard program exclusively in Ontario. Willis described …

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