Yearly Archives: <span>2006</span>

Congress Backs Further Flood Insurance Borrowing; Sends Bill to Bush

As the fallout of the government’s response to Hurricane Katrina continues in Washington, D.C. this week during Senate Committee hearings, the U.S. House of Representatives on Wednesday approved and sent to President George W. Bush a bill to increase the …

GAO: FEMA’s Weaknesses Exposed Government in Hurricane Responses

As a result of widespread congressional and public interest in the federal response to hurricanes Katrina and Rita, the Government Accountability Office (GAO) conducted an audit of the Individuals and Households Program (IHP) under Comptroller General of the United States …

Iowa, Minn. to Host Free Life/Annuity Products Seminar at NAIC Meeting

The Iowa Insurance Division and the Minnesota Department of Commerce will host a free seminar on indexed life and annuity products on Saturday, March 4, 2006. The seminar, “Indexed Products: Fact and Fiction” will be held in conjunction with the …

Insurers Face Challenges as Injured Veterans Return from War

Employers and their insurers need to be prepared for the tens of thousands of physically injured veterans returning from conflicts in Iraq and Afghanistan, according to the Insurance Information Institute (I.I.I.). “Workplace injuries that are primarily the result of injuries …

Mercator Risk Services Adds Munson as Midwest Regional Sales Executive

Mercator Risk Services, the newly formed, independent wholesale insurance broker, reported the hiring of Matt Munson as senior vice president — Regional Client Relationship Manager for the Midwest. Munson has more than 25 years of diversified client executive and business …

Ky. AG Opens Investigation Into Allegations Against Anthem BC and BS

Total Benefits Planning Agency Inc. reported that the Kentucky Attorney General’s office has opened an investigative file to look into allegations it made against insurance giant Anthem Blue Cross and Blue Shield. The investigation follows a lawsuit the employer benefits …

Pressure Mounts for Wash. House Leaders Considering “Wal-Mart bill”

Pressure is mounting for majority House Democrats in Washington state to vote on a bill that would force minimum health care spending by large employers, while some lawmakers suggested the issue could be left to the voters in a fall …

Wash. Senate Passes Permanent Changes in Unemployment Insurance

Wash. Senate Democrats have approved a bill that would permanently change unemployment laws to pay out additional benefits to seasonal workers. The measure, which passed on a 25-22 vote, reverses the state’s move toward “four-quarter averaging” in which unemployment benefits …

ABD Insurance Adds McFall to Technology Services Practice

ABD Insurance and Financial Services, Redwood City, Calif., has announced that Matt McFall has rejoined the firm’s Technology Services Practice. Previously a senior directors and officers broker with the Financial Services Group, McFall’s new charge will be private equity risk …

Wash. Senate Approves Insurance Fraud Unit, Prosecutor

The Washington state Senate has passed a bill creating the state’s first insurance fraud bureau and adding a fraud prosecutor. SB 6234 passed by a 35-10 margin, and now heads to the House for debate.The bill had to pass the …