Nebraska News

Labor Report: Homicide 2nd Most Common Cause of Death in Nebraska

The U.S. Bureau of Labor Statistics says 63 Nebraskans died while working in 2007, and the 16 traffic deaths and eight homicides were the most common causes of death. Spokesman Paul LaPorte says the bureau doesn’t typically release any information …

Neb. Education Board Seeks to Make Up Insurance Premium Tax Shortfall

A shortfall in the state’s insurance premium tax receipts has prompted the Nebraska Board of Education to submit a budget deficit request to the legislature that calls for an additional $1.53 million for schools. Some $1.15 million would go to …

Group Rates States on Consumer Insurance Information on Web

A national consumer group says state insurance departments vary in the quality of the information they provide consumers online, with only six states doing an excellent job. State insurance department websites in 6 states were found to be “excellent” in …

Even Buffett Can’t Escape Markets, Storms; Berkshire Profit Falls 77%

Warren Buffett’s Berkshire Hathaway Inc. said Friday third-quarter profit fell 77 percent, the fourth straight quarterly decline, hurt by weaker results from insurance underwriting and a big loss on derivatives contracts. Net income for the Omaha, Nebraska-based insurance and investment …

Voters Shuffle Deck of State Legislatures; Both Parties Claim Gains

Voters on Tuesday left their mark on the state political landscape, shifting the partisan control of state government in a dozen states. According to the National Conference of State Legislatures, Democrats gained control of both houses in four state legislatures–Delaware, …

Neb. State Treasurer Announces Change In State Farm College Plan

Nebraska State Treasurer Shane Osborn announced that effective Nov. 1, 2008, OFI Private Investments (OFIPI), a subsidiary of OppenheimerFunds Inc., will become the new investment manager and service provider for the State Farm College Savings Plan, previously managed by Invesco …

Donegal Insurance Reports 3Q to Reflect Hurricane, Securities Events

Marietta, Pennsylvania-based Donegal Group Inc. reported that its net income for the third quarter of 2008 will reflect realized investment losses related to its equity securities and claim activity resulting from Hurricane Ike in Ohio and western Pennsylvania on September …

Best Upgrades/Affirms Arch Re, Arch Europe Ratings

A.M. Best Co. has upgraded the issuer credit ratings (ICR) to “a+” from “a” and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) of Bermuda-based Arch Reinsurance Ltd. and its reinsured affiliates. Best also upgraded the ICR to “bbb” …

Declarations

Spitzer’s Folly “When (Eliot Spitzer) was attorney general he was on a witch hunt, he’d go after anyone he could to get headlines. I look at the pattern (at AIG) from when Hank Greenberg went out, not just the crisis …

Declarations

Spitzer’s Folly “When (Eliot Spitzer) was attorney general he was on a witch hunt, he’d go after anyone he could to get headlines. I look at the pattern (at AIG) from when Hank Greenberg went out, not just the crisis …