Yearly Archives: <span>2010</span>

Declarations

Miner Safety “We know there are things in the law that needed to be improved even before this tragedy. Unfortunately mine health safety laws are passed in the blood of dead miners.” —Aaron Albright, a spokesman for the House Education …

Lockton: Soft Market Pricing Continues to Benefit Insurance Buyers

Commercial insurance buyers continue to benefit from lower prices and steady or increasing insurance capacity in property/casualty markets, reports the nation’s largest insurance broker. In its newly published Lockton Market Update, global insurance broker Lockton, also says the U.S. employee …

Ascension Insurance Acquires Nevada’s Kapp Insurance Agency

Kansas City, Mo.-based Ascension Insurance Inc. has announced the acquisition of the Las Vegas-based Kapp Insurance Agency Inc., doing business as Portal of Nevada. Portal of Nevada is a full service employee benefits consulting firm with clients throughout Nevada and …

Some Health Insurers Shifting Costs Ahead of New Loss Ratio Mandate

Some of the largest U.S. health insurers are changing their accounting practices to book administration costs as medical costs in an attempt to circumvent new industry reforms, according to a recent U.S. Senate panel’s report. Under the healthcare law passed …

Bill Targeting New Orleans Saints Workers’ Comp Issues Expanded

An attempt by the New Orleans Saints to lower its workers’ compensation costs for injured players has mushroomed into an issue that would apply to all businesses and employees in Louisiana. The Saints were pushing a bill by Rep. Cameron …

Many Midwest Homeowners Reject FEMA Flood Buyouts, Despite Benefits

Two years ago, Larry Frese thought he’d escaped the worst of a flood that had left a lot of his neighbors’ homes in Chelsea, Iowa, and a large swath of the state underwater, even as overflowing Otter Creek lapped at …

Florida to Hold Hearing on Federal Healthcare Reform Impact

Florida regulatory officials are preparing for the implementation of the new healthcare reform law. Florida Insurance Commissioner Kevin McCarty said his Office of Insurance Regulation (OIR) will use a May 4 joint public hearing with the Florida Health Insurance Advisory …

UK’s Prudential Under No Pressure to Cut Price for AIG’s Asian Unit

UK insurer Prudential Plc is under no pressure from its shareholders to cut the $35.5 billion price it’s paying for AIG’s Asian life insurance unit, the group’s Asia CEO said. “At the very beginning, we got a lot of questions …

If Ash Cloud Lingers, Economic Impact Could Rise Sharply

The economic impact of the volcanic cloud halting flights across Europe will increase sharply the longer disruption continues, forcing holiday cancellations, delaying deliveries and reducing jet fuel demand. African exporters of flowers and vegetables by air to European supermarkets, technology …

Beazley Expands Architects and Engineers Team

Robin McNeill has joined the architects & engineers professional liability team at underwriter Beazley Group. McNeill, who will be based in Washington, D.C., was most recently a vice president with Victor O. Schinnerer & Co., the underwriting manager for CNA’s …