Nebraska News

Neb. State Retirement Board Fires Bank, Hires Life Company

The Nebraska Public Employees Retirement Board has decided to fire Union Bank & Trust, citing performance issues. The Lincoln-based bank had won a contract earlier this year to manage the retirement plan records of 31,000 current and retired state and …

Neb. Approves High-Risk Health Pool Rate Change of 23.5 Percent

The Nebraska Department of Insurance announced recently that it has approved the recommendation of the Nebraska Comprehensive Health Insurance Pool (CHIP) Board of Directors to increase the high-risk pool rates by 23.5 percent. The new rates take effect October 1. …

Rough riding for workers’ comp on the racetrack

The problem of providing workers’ compensation insurance for jockeys and backstretch workers, such as grooms and exercise riders, in the horse racing industry is a complicated one. Only four states — California, Maryland, New Jersey and New York — mandate …

Rough riding for workers’ comp on the racetrack

The problem of providing workers’ compensation insurance for jockeys and backstretch workers, such as grooms and exercise riders, in the horse racing industry is a complicated one. Only four states — California, Maryland, New Jersey and New York — mandate …

Rough riding for workers’ comp on the racetrack

The problem of providing workers’ compensation insurance for jockeys and backstretch workers, such as grooms and exercise riders, in the horse racing industry is a complicated one. Only four states — California, Maryland, New Jersey and New York — mandate …

Report Identifies More Than 180 Products to Handle Climate Change

Dozens of new insurance products are quietly emerging to tackle climate change and fast-rising weather losses – but insurance companies need to do more of the same to minimize losses and make the most of opportunities related to climate change …

Best Affirms Gen Re’s ‘A++’ Ratings

A.M. Best Co. has affirmed the financial strength ratings (FSR) of “A++” (Superior) and the issuer credit ratings (ICR) of “aa+” for the Delaware-based General Re Group. Best said the ratings apply to General Reinsurance Corp. (Delaware) and its core …

Mass. Becomes 28th State to Join Interstate Compact

Massachusetts has become the 28th state to join a program designed to modernize state regulation of life insurance, annuity, disability and long term care products. Gov. Mitt Romney signed legislation into law today that allows Massachusetts to become a member …

ProAssurance Closes on PIC Wisconsin; Premiums Grow 4% in 2Q

ProAssurance Corporation in Birmingham, Ala. reported net income for the second quarter of 2006 of $30.0 million, or $0.90 per diluted share. For the six months ended June 30, 2006 net income was $167.3 million, or $4.95 per diluted share. …

Three Arrested for Staging Florida PIP Fraud Accidents

Three individuals, including a father and daughter have been arrested and face felony charges stemming from staged accidents and $40,000 in fraudulent auto insurance billings according to Tom Gallagher, Florida’s chief financial officer. Four others were previously arrested in related …