Monthly Archives: <span>April 2016</span>

MetLife Systemic Risk Battle Not Over as U.S. Files Appeal

The U.S. government on Friday appealed a court decision that major insurer MetLife cannot be considered “too big to fail” in the United States Court of Appeals for the District of Columbia, according to a filing. U.S. Treasury Secretary Jack …

Ironshore Acquires Remaining Interest in Lexon Surety

Bermuda-based specialty insurer Ironshore Inc. said it will acquire the remaining 80 percent equity interest in Lexon Surety Group and its surety-related affiliates. Ironshore said it will be an all-cash transaction. Lexon Surety Group is a privately-held insurance holding company …

Ava Gardner Museum in North Carolina Seeking Funds for Fire Protection System

The life of a Hollywood starlet may be full of glitz and glamor, but even diamonds can lose their shine after decades, satin and silk can unravel, letters and photos could become just so much dust. Since the 1980s, Smithfield …

Number of Opioid Prescriptions for Injured Ohio Workers Drops

The amount of opioids prescribed to injured Ohio workers has fallen significantly since the state’s insurance fund for injured workers created a pharmacy management program amid concerns about painkiller usage. Fewer than 4,800 workers have been deemed opiate-dependent after exceeding …

Louisiana Ag Losses from March Flooding Could Top $15M

The agricultural loss from the March flooding across Louisiana could top $15 million, according to an economist with the LSU AgCenter. Kurt Guidry said the loss figures are preliminary, because reports are coming in daily from farmers and producers. Guidry …

OSHA: Company Ignored Safety Rule at Louisiana Site; Faces $226K in Fines

The federal government says an Illinois tank cleaning company’s violation of safety rules killed a New Orleans employee and injured two others in October. The Occupational Safety and Health Administration is proposing $226,000 in fines against Dedicated TCS LLC. It’s …

Former Minnesota Insurance Division Official Alleges Harassment, Retaliation

A former top official at Minnesota’s Department of Commerce is suing the state over alleged sexual harassment and retaliation from a fellow agency executive whom he says ordered his staff to destroy documents — a possible violation of state law. …

Ohio Woman Pleads Guilty to Workers’ Comp Fraud, Owes $94K

A Youngstown, Ohio, woman has been ordered to repay the Ohio Bureau of Workers’ Compensation (BWC) nearly $94,000 in workplace injury benefits she collected illegally. The Ohio BWD reported that Zelma Forro pleaded guilty to workers’ compensation fraud in the …

California Adjuster, Family and Friends Embezzled $250k from Insurer, CDI Says

Elizabeth Louise Brown, 48, of Canyon Country, a former claims adjuster with Explorer Insurance, was arrested this week and charged with multiple felonies, including insurance fraud and conspiracy for allegedly embezzling more than $276,000 from her employer. Another eight people …

Texas Mutual Insurance Names Evans VP of Marketing, Customer Engagement

Workers’ compensation insurance carrier, Texas Mutual Insurance Co., hired Lisa Evans as vice president of marketing and consumer engagement. She oversees the marketing and customer engagement teams, and the Texas Mutual Premier large account program. Evans has more than 20 …