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Blue Cross Blue Shield of Vermont Trying to Recoup Over $500K
Vermont’s largest insurance carrier is trying to recover more than $500,000 in claims for 600 patients who mistakenly received benefits due to a Vermont Health Connect’s technological error. The state’s online health insurance exchange caused backlogs in updating patient information …
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Hijacked Orkim Harmony Oil Tanker Released by Pirates Who Escape
The hijacked oil tanker Orkim Harmony has been released by pirates, who fled in the ship’s rescue boat, Malaysian navy and maritime officials said on Friday. The Orkim Harmony, hijacked on June 11 off the Malaysian coast by pirates reportedly …
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Feds Want Proceeds from Convicted North Dakota Farmers’ Property Sale
Prosecutors are asking a judge to allow the government to seize money from an auction sale by two North Dakota brothers who were ordered to pay back more than $900,000 for intentionally destroying potatoes to collect federal crop insurance payments. …
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Texas-Based Walker Myers Acquired by The Hilb Group
The Hilb Group LLC (THG) has acquired Texas-based Walker Myers Insurance & Risk Management LLC. With offices in Houston, San Antonio, Austin and Corpus Christi, Walker Myers presents its clients an array of insurance and consultative offerings with expertise in …
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Alliant in California Announces Investment from Stone Point Capital
Newport Beach, Calif.-based Alliant Insurance Services announced a significant equity investment from funds managed by Stone Point Capital LLC. In connection with the transaction, funds managed by Stone Point will become Alliant’s largest institutional shareholders. Following the transaction, Alliant’s existing …
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China’s Fosun International to Acquire Phoenix Holdings From Israel’s Delek
Delek Group Ltd. agreed to sell its controlling stake in Phoenix Holdings Ltd., Israel’s fourth- largest insurance provider by market value, to China’s Fosun International Ltd. The Netanya, Israel-based holding company announced on Sunday it would sell its entire 52 percent stake …
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Thousands of Texans Seek Federal in Wake of May Storms
Thousands of Texans have sought government help in the weeks since deadly storms and flooding devastated parts of the state. The Federal Emergency Management Agency announced June 20 that more than 17,500 individuals have registered so far for assistance. A federal …
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Leavitt Insurance Agency Hires Guthrie in Utah
Preston Guthrie has joined Leavitt Insurance Agency’s St. George, Utah office. Guthrie will focus on employee benefits and life insurance. He has a strong background in sales and life insurance. Leavitt Group Insurance is part of Leavitt Group, a large …
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IMCA Presents ‘Innovation Torchbearer Award’ to Insurance Information Institute
The Insurance Information Institute (I.I.I.) has been awarded the 2015 Innovation Torchbearer Award at the Insurance Marketing & Communications Association’s (IMCA) 2015 Annual Conference in Nashville, Tenn. The I.I.I. is a non-profit communications organization supported by the insurance industry. …
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Public Comment Welcome as New York Crafts Sea-Level Projections
New York residents can sound off about the sea level. State environmental officials are holding four public meetings next week about projections of future sea levels. Rising sea levels have become a larger concern in New York City and Long …
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