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Nebraska Insurers Benefit From Sen. Nelson’s Compromise

Nebraska – never seen as a key player with special needs in the health care debate – stands to reap millions of dollars worth of financial goodies should the Senate version of the health care bill get final approval. Not …

Top 7 High-Growth Industries and Their Unique Insurance Needs

The seven fastest growing industries over the next few years include several in the health care field and each of the seven has a unique insurance need that agents and brokers should address. According to the U.S. Bureau of Labor …

Fremont Michigan InsuraCorp Rejects Unsolicited Takeover Offer

Fremont Michigan InsuraCorp Inc. a Michigan-exclusive property and casualty insurance carrier with headquarters in Fremont, Mich., has rejected an unsolicited proposal from the Steak n Shake Company seeking to acquire control of the company. Fremont said that after its board …

Europe Feels Left Out in Cold on Climate Change Deal

It’s a climate deal that has Europe feeling left out in the cold. The continent that used to take the lead in advocating climate action is now taking the lead in climate complaining. And it’s not just upset with the …

Texas Sets Workers’ Comp Interest and Discount Rate at 3.85%

The Texas Department of Insurance Division of Workers’ Compensation has set the interest and discount rate for the first quarter of 2010 at 3.85 percent. The rate, effective from Jan. 1, 2010, through March 31, is computed using the treasury …

XL Re to Change Latin America Management, Underwriting Structure

XL Re, the global reinsurance operations of XL Capital Ltd., announced changes in the management and underwriting structure of its Latin America operations, effective immediately. The operations continue to be led by Stephen Outerbridge, Chief Underwriting Officer and Chief Operating …

Tennessee Highway Patrol Schedules 100 Checkpoints for Rest of Year

The Tennessee Highway Patrol will set up more than 100 checkpoints across the state during the rest of the year to arrest impaired drivers and other violators. Highway Patrol Col. Mike Walker issued this warning: “If we catch you, we …

Ratings Recap: SecuriCan, Pioneer, Sovereign, Meritz, Island Capital

A.M. Best Co. has assigned a financial strength rating (FSR) of ‘B+’ (Good) and issuer credit rating (ICR) of “bbb-” to Winnipeg, Manitoba-based SecuriCan General Insurance Company, both with stable outlooks. Best said the ratings “are reflective of its good …

Oregon Woman Killed in Nursing Home Fire

Authorities say a woman who suffered burns in a fire at an assisted living center in Tigard has died. According to Tualatin Valley Fire and Rescue, firefighters responded to a blaze at Park Place Assisted Living Center at 4:18 a.m. …

White Connecticut Firefighters Seek Back Pay, Damages

A group of white New Haven firefighters who won a discrimination case before the U.S. Supreme Court are seeking back pay, damages and legal fees. The high court ruled in June that New Haven officials violated white firefighters’ civil rights …

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