Nebraska News

Buffett Says He Goofed on Geico Credit Card Idea

Warren Buffett is considered expert in many things in the financial world. Credit cards apparently are not among them. The world’s second-richest person often admits when he gets things wrong. He did so on Saturday in his annual letter to …

Berkshire Net Rises; Buffett Says CEOs Should Pay for Bad Risk Control

Warren Buffett’s Berkshire Hathaway Inc. said fourth-quarter profit surged, helped by derivatives bets tied to global stock markets, though operating profit fell 40 percent as the weakened economy weighed on several businesses. Profit rose for a third quarter, as Berkshire …

Nebraska Uninsured Rates Highest Among Minorities

High percentages of minorities, foreign-born residents and college-aged people in Nebraska lack health insurance, according to new report. The Center for Public Affairs Research at the University of Nebraska at Omaha compiled the report based on U.S. Census data. It …

Obama Offers New Plan to Revive Health Care Push

President Barack Obama tried to rejuvenate his stalled U.S. health care overhaul Monday with a revised plan to make insurance coverage more affordable and bolster federal authority to regulate premium hikes. The proposal comes three days ahead of a bipartisan …

Nebraska Court: Insurers Must Pay in Pollution Case

The Nebraska Supreme Court on Feb. 5 upheld a decision ordering two insurance companies to pay about $550,000 of the cost of cleaning up industrial contamination in Hastings. The ruling sets the standard in Nebraska for determining how much insurance …

Business Moves

Brick Street West Virginia-based BrickStreet Mutual Insurance has been approved to write workers’ compensation insurance in Illinois. The move continues an expansion drive for the company, which was approved to write workers’ compensation coverage in Kentucky last year. BrickStreet said …

Accident Fund Names UNICO Group 2009 Agency of the Year

Lansing, Mich.-based Accident Fund Insurance Company of America has named UNICO Group of Lincoln, Neb., as its 2009 Agency of the Year. Al Gileczek, vice president of Regional Operations for Accident Fund, said “UNICO Group has been an outstanding partner …

2 Nebraska Agents Sentenced

Two insurance agents in Nebraska have been handed sentences for unlawful conduct, the Nebraska Department of Insurance reported. A previously licensed insurance agent, Bobby L. Hoeft, sentenced by District Court Judge Vicky Johnson in Fillmore County District Court to a …

Nebraska Emergency Workers Plead for More Workers’ Comp Coverage

During a recent legislative hearing in Nebraska, emergency workers from across the state recalled traumatizing accident scenes when asking for a new level of workers’ compensation coverage. The emergency personnel were testifying in support of a bill filed in January, …

A.M. Best B+ (Good) Rated Contractor GL Insurance Carrier Expanding to 35 States

National Contractors Insurance Company, Inc., a Risk Retention Group (“NCIC”), A.M. Best Rated B+ (Good), is expanding from 25 to 35 states, with their Commercial General Liability coverage now being made available in Alabama, Connecticut, Indiana, Iowa, Kansas, Ohio, Mississippi, …