News

Business Roundtable Says Health Reform Must Contain Employer Costs

An influential business group said Thursday that its continued support for President Barack Obama’s healthcare overhaul hinges on whether it slows the soaring growth rate of healthcare costs. The Business Roundtable, which represents some of the largest employers in the …

New Chicago-Area Brokerage to Focus on Bonding, Environmental Risks

Programs and environmental insurance veteran David Blum announced the opening of D.S. Blum Inc., a wholesale insurance brokerage headquartered in suburban Chicago. The brokerage will focus on assisting small and mid-size retail agencies in placing contract bonding, insurance programs and …

Bear Stearns Acquittal May Force Government to Rethink Fraud Cases

The swift acquittal of two Bear Stearns executives in the government’s criminal case tied to the financial meltdown likely will force prosecutors to rethink the evidence they planned to present in a raft of cases that have yet to go …

Georgia Soldiers to Get Insurance Refunds

Georgia’s insurance commissioner said American Fidelity Life Insurance has agreed to refund its life insurance policy holders $275 each. Soldiers who purchased policies written from Sept. 1, 2004 to Oct. 2009 are eligible for the cash. Commissioner John Oxendine said …

Workplace Deaths Decline in Hawaii

A preliminary report by the U.S. Bureau of Labor Statistics says 18 people were killed on the job in Hawaii in 2008. That’s the third lowest number for the islands since the federal government starting tracking fatal occupational injuries in …

California Insurance Lobbyist Named Most Trustworthy

IBA West’s legislative advocate in Sacramento, John Norwood, was named the “most trustworthy” lobbyist in the California capitol by a survey of Legislators. The survey was conducted by Capitol Weekly, a weekly newspaper covering politics, legislation and other events in …

Pinnacol Board to Oppose Colorado Bills

The board of directors of Colorado’s Pinnacol Assurance voted Thursday to oppose many of the bills proposed by a legislative committee last month. The proposed bills, which have not yet been introduced into the state legislature, are designed to reform …

Phenix Mutual Upgraded

A.M. Best has upgraded the ratings of New Hampshire-based insurer Phenix Mutual Fire Insurance Co. Best Co. upgraded the financial strength rating to A (Excellent) from B+ (Good) and issuer credit rating to “a” from “bbb-” of Phenix Mutual. Additionally, …

Scientists Reassure Pennsylvania Residents in Quake Swarms

Scientists have met with residents of a central Pennsylvania town to reassure them about the hundreds of tiny earthquakes the area has experienced over the past year. Charles Scharnberger, Millersville University professor emeritus of geology, says fracturing rock is to …

Maine Highway Safety Campaign Launched

As the holiday season approaches, Maine state officials are kicking off a campaign to encourage safe driving habits. The campaign announced Thursday in the State House focuses on seat belt usage, observing speed limits, not drinking and other behaviors. Maine …

News Archives by Month