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West Virginia Looks to Tackle Highest Drug Overdose Rate in Nation
West Virginia has the highest rate of overdose deaths in the U.S., according to a report released this week, further spotlighting Appalachia’s festering drug abuse problem that is also fueling a rise in hepatitis C in one of the nation’s …
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Arthur J. Gallagher Acquires Monument LLC in Pennsylvania
Arthur J. Gallagher & Co. announced today that it has acquired Monument LLC, a program administrator headquartered in Malvern, Pennsylvania, with an additional office in Newport Beach, California. Terms of the transaction were not disclosed. Established in 2002, Monument is …
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How Obamacare Has Avoided Death Spiral
Not so long ago, critics of Obamacare were warning of death spirals, the risk that too many sick people and not enough healthy ones would sign up for insurance, triggering a cycle of ever higher costs for insurers and steep premium hikes for consumers. That didn’t …
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Ketabchi Named AVP at American Financial Group
Cincinnati, Ohio-based American Financial Group Inc. has promoted Kyle W. Ketabchi to assistant vice president. In her new role, Ketabchi will continue to manage the corporate marketing and branding functions for Great American Insurance Group and American Financial Group, and …
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General Star Expands Admitted Architects & Engineer Coverage to 3 Southeast States
General Star has expanded its Architects and Engineers Professional Liability program on an admitted basis in North Carolina, South Carolina and Georgia. These three states join New York, New Jersey and Pennsylvania as territories in which admitted paper is obtainable. …
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NYSIF Issues Update on Elimination of WCB Fees, Weekly Benefit Rate
The New York State Insurance Fund (NYSIF) issued an update on June 19 noting that Gov. Andrew Cuomo recently announced the elimination of a number of Workers’ Compensation Board (WCB) fees as a part of the 2015-16 state budget. According …
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Insurers Stepping Toward Greater Green Investment Footprint
This is the second of a two-part column on green bonds. The first installment focused on bond sales. Australian carrier QBE Insurance Group Ltd. has invested $190 million Australian Dollars ($148.42 million) in four green bonds in the last year-and-a-half, …
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Florida Man Attempts to Blow up Foreclosed Home with Bowling Ball
Authorities say a South Florida man who didn’t want a bank to sell his foreclosed home tried to blow it up using a bowling ball as an explosive. The South Florida Sun-Sentinel reports 21-year-old Tyler Butler was arrested Monday on …
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Tarrant County, Texas Gets New Insurance Fraud Prosecutor
The Texas Department of Insurance (TDI) recently named William “Doug” Wallace as a fraud prosecutor who will work exclusively with criminal prosecutors in the Tarrant County District Attorney’s Office to combat insurance fraud. Wallace has two decades of insurance industry experience …
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4 Arrests Made in Florida Injury Clinic PIP Fraud
The Florida Division of Insurance Fraud has announced the arrest of Dr. Douglas Price, owner of the Florida Pain Trauma and Injury Clinic in Auburndale, Fla., and three others on charges related the operation of a complex PIP fraud scam. …
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