The costs of health insurance for a Louisiana family are rising much quicker than paychecks are growing, a new report says. From 2000 to 2006, the health care premiums for Louisiana’s families grew nearly five times faster than earnings, according …
A Smithville, Tenn., insurance broker was arrested Dec. 27 on 15 federal counts of wire fraud, according to officials. According to the federal grand jury indictment, B. Don James defrauded investors of more than $1.8 million by telling them he …
Munich Re isn’t the only major insurance organization to express the industry’s collective sigh of relief as the year 2006 expires with relatively few major catastrophe losses (See related article above). Lloyd’s notes that “the hurricane season came to an …
A.M. Best Company announced that, effective January 2, 2007, it is changing the Financial Strength Rating Descriptor for its “B++” and “B+” ratings on insurance companies. “The reason for the changes is to make the Rating Descriptor consistent with the …
While recognizing that economic losses from natural catastrophes were considerably lower in 2006 than in 2005, Munich Re warned the industry against becoming too complacent. In a bulletin on the reinsurer’s web site (www.munichre.com), Dr. Torsten Jeworrek, a member of …
Standard & Poor’s Ratings Services announced from its office in Tokyo that it has withdrawn “its ‘A+’ financial strength rating on Nissay Dowa General Insurance Co. Ltd. (U.S. branch), and ‘A-1’ issue credit rating on Nissay Dowa General Insurance Co. …
Birmingham headquartered Infinity Property and Casualty Corp. announced the latest phase of its growth plan, which promises to benefit Alabama’s economy and create new jobs. Assisted by incentive packages from the city of Birmingham, Jefferson County and the state of …
Thousands of Pennsylvania doctors may be eligible to join a lawsuit over a Blue Cross health plan’s reimbursement rates after a federal judge granted the plaintiffs class-action status. The suit charges that Keystone Health Plan Central systematically lowered its reimbursement …
It has long been one of New York City’s nightmares: Terrorists target tunnels, flooding commuter lifelines and possibly some of the city itself. The grim scenario is getting renewed scrutiny after a new report suggested that PATH commuter rail tunnels …
Many parents are confused about the proper way to install child safety seats in their vehicles despite attempts to simplify the system, the government said. About 40 percent of parents still rely on seat belts when installing the car seat, …