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Workers’ Compensation Patients Benefit Less from Back Surgery

Surgery provides better results than nonsurgical treatment for most patients with back pain related to a herniated disk—but not for those receiving workers’ compensation for work-related injuries, according to a new study. There appears to be “no added benefit” of …

American Safety Adds 3 Underwriters

Atlanta-based specialty insurer American Safety Insurance (ASI) has hired several new underwriters at regional locations throughout the country. In its New Jersey office, Robert Williams joins ASI as a senior excess casualty underwriter. Williams has more than 20 years of …

K&K Insurance Acquires Leisure Sports Specialists

K&K Insurance Group Inc. has acquired Fort Wayne, Ind.-based Leisure Sports Specialists LLC. Terms of the transaction were not disclosed. The Leisure Sports Specialists acquisition expands K&K’s footprint as specialist in the sports, leisure and entertainment insurance industries. K&K has …

The Hanover Sees Earnings Jump

Massachusetts-based insurer The Hanover Insurance Group Inc. saw fourth-quarter profits jump 68 percent to $57.3 million, up from $34.1 million in the year-ago quarter. For the year, net income was $197.2 million, up from $20.6 in 2008, when The Hanover’s …

ASPN Forms Marketing Alliance with ISU Network

Chicago-based ASPN, the Agency Specialty Products Network Insurance Agency LLC, formed a new alliance with San Francisco-based ISU International and the ISU Network, one of the nation’s largest group of independently owned and operated agencies. The new marketing alliance will …

Washington Man Pleads Guilty to Workers’ Comp Fraud

A Ritzville, Wash., man has pleaded guilty to possession of stolen property in connection with illegally collecting workers’ compensation benefits while collecting wages from a nursing home managed by his wife. Ronald E. Newton was ordered to repay the state …

Charity First Insurance Names Binford Executive VP

San Francisco-based Charity First Insurance Services Inc. has appointed Riley Binford executive vice president. He will be responsible for managing Charity First’s existing programs as well as the development of new programs for the nonprofit and social service sector. Binford …

Report: Economic Benefits of Levees Outweigh Flooding Costs

Despite the massive flooding resulting from levee breaches and storm surge during Hurricane Katrina in 2005, the economic benefits provided by flood control measures in Southeast Louisiana far outweigh the costs of widespread damage from flooding, according to one researcher. …

Barney & Barney Names Three New Principals

San Diego-based insurance brokerage Barney & Barney LLC announced that Catherine Botello, Marc Pannier and Steve Shea have been made principals of the firm. All three have been key players in the expansion of their respective departments. “In their new …

Utah House Votes Down Inmate Insurance Bill

The Utah House has defeated a bill that would ban insurance companies from excluding coverage for certain prisoners. Lawmakers voted 44-30 against House Bill 22. The measure would have applied to inmates already eligible for coverage in correctional facilities, county …

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