Monthly Archives: <span>July 2005</span>

FEMA Seeking Refunds from 6 Indiana Families Paid in Error

Six Hazleton, Indiaina families who received aid from the Federal Emergency Management Agency following January flooding in their southwestern Indiana town are being asked to repay the money because of a computer error. FEMA spokeswoman Linda Sacia said the checks …

R.I. Blues Settles Class Action Suits Over Drug Discounts for $17.5 Million

Rhode Island’s largest health insurer, Blue Cross & Blue Shield of Rhode Island, has agreed to pay $17.5 million to settle two class-action lawsuits affecting thousands of customers. Under the settlement, Blue Cross payments ranging from $10 to $1,400 will …

D.C. Police Step up Enforcement of Insurance Rule to Catch Scofflaws

It’s a small piece of paper, but if a cop pulls over a driver in the District of Columbia who doesn’t have it, it could be an expensive mistake. Starting Saturday, police in the nation’s capital began to step up …

Cochran, Caronia Promotes Poorman to Director of Investment Banking

Jay Poorman has been promoted to director in the investment banking unit of Chicago-based Cochran, Caronia & Co., a full-service independent investment banking firm specializing in the insurance industry. Previously, he was a vice president of the firm. Poorman works …

Producer Development: Learning to Sell

New Program Teaches a Consultative Approach to Insurance Sales Beginning this week, 15 insurance agents are returning to Normal, Ill., to do an unusual thing in the world of insurance training: talk with each other about what’s worked and what …

Heller Joins Superior Access

Irvine, Calif.-based Superior Access Insurance Services Inc. hired Sharon Heller as marketing representative. Heller will be responsible for answering inquiries and providing service to SAIS subscriber agents nationally. Heller began her insurance career in 1998 at Allstate Insurance. During the …

FEMA, NEMA Aid Neb. Residents Following May Storms

Sixty days after severe storms and flooding struck central Nebraska, many counties and towns continue to work restoring their damaged roads, water drainage systems and infrastructure. Thirty eligible applicants for federal Public Assistance grants have identified more than 95 projects …

Hurricane Emily on the Prowl in Yucatan; Texas Coast Prepares for Storm This Week

The season’s second major hurricane set its sights on Mexico’s Yucatan Peninsula and the tourist haven of Cancun on Sunday, with the Category 4 storm possibly visiting the Texas Gulf Coast later this week. Cancun closed its airport and tourists …

Hospitals Decry Switch in Colorado Auto Insurance Law

A coalition of Colorado health care providers says state hospitals are losing more than $80 million a year in revenue as a result of changes to the state’s auto insurance system. “The actual losses are probably closer to $100 million …

Fitch Affirms RenaissanceRe’s Ratings

Fitch Ratings has affirmed the ‘A-‘ long-term and senior debt ratings and ‘BBB+’ preferred stock rating on RenaissanceRe Holdings Ltd. (RenRe). Additionally, Fitch has affirmed the ‘BBB+’ rating on Renaissance Re Capital Trust’s capital securities and has assigned an ‘A+’ …