Monthly Archives: <span>July 2006</span>

Wis. Insurer Says Customer Data Stolen, Some of it Sold on Internet

Personal information on 72 worker’s compensation claimants was stolen from Wisconsin-based Sentry Insurance and later sold over the Internet, the company said. The data sold included names and Social Security numbers but not medical records, Sentry said. Data on an …

Kan. Incumbent Commissioner Seen as Vulnerable in Primary by Some

Trying to persuade 100 or so fellow Republicans to nominate him for insurance commissioner in Tuesday’s primary, Eric Carter calls to the back of the room and asks his 11-year-old son where the boy’s new football was manufactured. After a …

Investors Win Rare Victory Against Analyst Over Tyco Stock Pick

An NASD arbitration panel ordered Merrill Lynch & Co. and former stock analyst Phua Young to jointly pay almost $500,000 to a retired couple in Pennsylvania who bought shares of Tyco International Inc. on the analyst’s recommendation. In a claim …

Mass. Universal Health Plan Gets Green Light from Feds

The federal government has given its approval to a first-in-the-nation program in Massachusetts that will require everyone to carry health insurance. The state’s universal health insurance program will use a combination of subsidies and penalties to make coverage more affordable …

Outlook For China’s Insurance Sector Now Positive

Standard & Poor’s Ratings Services revised its outlook on China’s insurance sector to positive from developing to reflect expectations that the financial strength of the overall industry will improve over the medium term. In a new publication titled “China Insurance …

Mass. Teen Driving Bill Advances

Teens longing to get out on the open road would have to hang up their cell phones and log more hours in behind-the-wheel training before they would be able to get their drivers’ licenses, under a bill passed by the …

Indonesia Taking Steps to Reduce Tsunami Casualties

Indonesia plans to build elevated safety zones in low-lying coastal areas to help reduce casualties in the event of another tsunami, a government official said. Concrete walls or artificial hills will be created in resort areas on the islands of …

Fla. Gov. Bush Eyes State Pool for Commercial Lines

Florida Gov. Jeb Bush is considering a state-run reinsurance pool or joint underwriting pool to help businesses that can’t get policies from private insurers, saying that if companies can’t get coverage, it could lead to an economic downturn. Bush said …

The Hartford Reports 21% Drop in Profits for 2d Quarter

The Hartford Financial Services Group, one of the nation’s largest financial services and insurance companies, said that second-quarter profits fell 21 percent as the company took a charge for a reinsurance settlement. The company said net income for the three …

W. Va. Begins Tagging Firms Lacking Workers’ Comp

West Virginia businesses that choose to operate without workers’ compensation insurance will be tagged with yellow signs. Investigators with the state Insurance Commission started posting yellow warning signs on the doors of 147 businesses in Charleston this week. The enforcement …