Washington News

Industry Worries As Regulators Decide on Critical Loss Ratio

A seven-month-long process for determining how much U.S. health insurers must spend on medical care comes to a head Thursday, amid fresh concerns that the rules will lead companies to desert some small-group and other niche markets. A key group …

Cincinnati Insurance Co. Enters Connecticut

The Cincinnati Insurance Co., the lead property/casualty subsidiary of Cincinnati Financial Corp., will begin writing business in Connecticut through Rose & Kiernan Inc., an independent insurance agency serving Danbury, Conn. The agency is a branch of Rose & Kiernan Inc. …

U.S. Says ‘End is in Sight” on Russia’s Bid to Join the WTO

Russia could join the World Trade Organization within a year after talks on Moscow’s 17-year-old bid made good progress, President Barack Obama’s senior economic adviser said on Wednesday. “We are certainly hopeful that well before 12 months from now, this …

CNO Financial Approved to Consolidate Insurance Subsidiaries

CNO Financial Group Inc., based in Carmel, Ind., announced it has received regulatory approvals for the previously announced plan to consolidate three insurance companies. Under the consolidation plan, two CNO insurance subsidiaries – Conseco Insurance Co. and Conseco Health Insurance …

Washington Regulator Calls Denying Insurance to Children Illegal

Washington Insurance Commissioner Mike Kreidler has ordered Regence BlueShield to stop illegally denying insurance to children. Last week, the company had announced it was going to stop selling insurance to children. “Regence is in clear violation of state law that …

Payback of Indiana Loans for Jobless to Hit Businesses

The state will begin paying millions of dollars in penalties and interest to the federal government next year because it has borrowed nearly $2 billion to pay for jobless benefits, an Indiana unemployment official says. Scott Sanders, deputy commissioner of …

People

Hylant Group, headquartered in Toledo, Ohio, promoted Tammy Vaughn Cameron to vice president, marketing and branding. Cameron joined Hylant Group in 2006 as director of marketing and public relations. In this role, she spearheaded numerous branding and marketing communications initiatives …

People

The Hartford appointed Lisa Morgan senior vice president of its middle market commercial insurance business. She will lead The Hartford’s $2 billion middle market commercial insurance unit that provides the property/casualty protection needs of mid-sized businesses and other entities, such …

Washington Fines Tesoro $2.38 Million for Deadly Refinery Blast

The Tesoro refinery in Anacortes, Wash., will be fined a record $2.38 million for an April 2, 2010, explosion that killed seven refinery workers. The Washington Department of Labor and Industries cited the company for 39 willful violations and five …

Business Moves

Confie Seguros, Cost-U-Less Insurance Confie Seguros, a provider of auto insurance with an emphasis on serving Hispanic consumers, acquired Cost-U-Less Insurance, a California provider of nonstandard auto insurance with offices located primarily in the northern and central parts of the …