Latest News in Health Insurance – July 15, 2010
July 15, 2010 by Webmaster
Filed under Group Health
New York-based specialty insurer NYMAGICwill be acquired by ProSight Specialty Insurance Holdings Inc.
The deal is worth approximately $230 million, with stockholders receiving $25.75 per share in …
Mining Firms Complain Democrats’ Safety Bill Too Harsh
The nation's top mine safety official urged quick passage this week of a bill that would crack down on mines with safety problems, despite industry complaints that the legislation is too …
Insurance Professionals of Central Virginia Elects New Officers
Tina Carroll, a State Farm agent, has been named president of The Insurance Professionals of Central of Virginia for the group's 2010 to 2011 year.
The group's other newly elected officers are …
Reinsurance Tax Debate over HR 3424 Heats Up at Committee Hearing
Both sides presented their views at a hearing of the House Ways and Means Committee on Wednesday, July 14. Compromise over whether or not to disallow deductions for premiums paid to purchase …
Birmingham Bans Texting While Driving
Birmingham has banned texting while driving.
The Birmingham City Council voted unanimously to set a $100 fine for drivers caught texting.
Councilman Johnathan Austin, chairman of the council's …
Mississippi Demands City Repay Misspent Fire Insurance Funds
Former Sledge Mayor Bernard Handy, former City Clerk Mary Allen and current City Clerk Yvonne Amos have been issued demand letters for the repayment of illegally spent Fire Insurance Rebate …
Georgia Couples Who Own Land in Florida Sue BP
Two Atlanta couples are suing BP PLC for damages as a result of the Gulf oil spill.
The class-action lawsuit, filed in the U.S. District Court of Northern Georgia, seeks compensation for loss of …
Crop Insurers Agree to $600 Million a Year Subsidy Cut
All 16 private insurance companies that participate in a federal crop insurance program have signed off on the new federal reinsurance agreement that cuts the subsidies they get by $600 million a …
Lawsuit in Florida Targets Flood Insurance As Danger to Sea Turtles
The National Wildife Federation claims in a lawsuit that the Federal Emergency Management Agency's flood insurance program is hurting sea turtles by spurring coastal development.
The lawsuit filed …
AIG Names Miller Chairman, Following Golub’s Resignation
American International Group named director Robert "Steve'' Miller as its new chairman, replacing Harvey Golub, who resigned after clashing with Chief Executive Robert Benmosche over the botched …
Cunningham Lindsey Completes Expansion in Germany, Spain, France
Claims specialists Cunningham Lindsey Group Limited have completed four strategic acquisitions in Europe. President and CEO Philippe Bès reported that the Group is "ahead of our internal …
9 killed, 10 Missing as Typhoon Conson Lashes Philippines
The first typhoon to lash the Philippines this year killed at least nine people and left 11 others missing Wednesday after flooding streets in the capital and toppling power lines.
Typhoon Conson …
Insurance Department: Iowa Dram Shop Rule Creating Confusion
The Iowa Department of Insurance reports that insurance companies and insurance producers may be in violation of an administrative rule issued by the Iowa Alcoholic Beverages Division (IABD) in …
Nearly $10M Being Distributed to Kansas Firefighters Relief Associations
Kansas Insurance Commissioner Sandy Praeger is currently making the annual distribution of funds to state and local firefighter relief organizations.
More than $9.7 million will be distributed …
Alabama Insurance Regulator Rejects Offer to Run Louisiana Citizens
An Alabama insurance regulator has turned aside an offer to become head of Louisiana's property insurer of last resort.
The Louisiana Department of Insurance says Charles Angell has decided to …
