Editor’s Note: This article is from Insurance Journal’s annual Satire Issue, originally published on Aug. 15, 2011. The article is fictional and is meant to be humorous. Enjoy! Obsession is more than some Calvin Klein perfume; it’s the root cause …
The workers’ compensation interest and discount rate in Texas for the first quarter of 2012 has been set at 3.61 percent. The rate will be effective beginning Jan. 1, 2012, through Mar. 31, 2012, the Texas Department of Insurance Division …
Coventry Health Care of Nebraska will be the new health plan administrator for Nebraska’s Comprehensive Health Insurance Pool. The state program is designed to provide health insurance for Nebraskans who can’t get affordable coverage without restrictions because of medical problems. …
The ratings of Dallas-based commercial property/casualty insurance company Gramercy Insurance Co. (GIC) have been downgraded by A.M. Best Co. The company’s financial strength rating was lowered to B (Fair) from B+ (Good) and its issuer credit rating to “bb” from …
A Peabody. Massachusetts, business owner pleaded guilty yesterday and was sentenced in connection with collecting over $28,000 in fraudulent insurance claims for work performed at his auto and glass companies. Massachusetts Attorney General Martha Coakley said Robert Giller, age 53, …
New England Employee Benefits Council (NEEBC) held its annual conference earlier this month, giving its Best Benefits Practices awards to six winners. The winners shared their success stories at the NEEBC conference in Waltham, Mass., which attracted about 200 participants. …
U.S. Senator Bob Casey (D-Penn.) is asking flood insurance companies to quickly process remaining claims from Irene and Lee. He says some 25 percent of the claims in Pennsylvania are still not processed. “Pennsylvanians have worked tirelessly to rebuild in …
BancInsure has partnered with KnightBrook Insurance Co. to provide coverage for financial institutions. The BancInsure Program will issue KnightBrook policies for its core products. “KnightBrook is an ideal partner for BancInsure and will provide additional resources and options to our …
An article on the Lloyd’s of London web site notes that while millions of people have been out an about shopping this holiday season, “an increasing number are choosing to shop from the comfort of their homes – and offices …
Though summer weather is associated with devastating catastrophe losses, the winter holiday season can be equally busy for insurance adjusters. The third-largest cause of catastrophic losses behind hurricanes and tornadoes, winter storms resulted in almost $26 billion in insured losses …
