In response to the recent Labor Department job report reportedly showing little change in the employment rate, the American Society of Safety Engineers (ASSE) suggests businesses invest now in workplace safety, as part of their business strategy, to decrease injuries …
BTE Technologies Inc. has acquired a controlling interest in Hanoun Medical (UK) Limited from United Kingdom-based Managed Medical Care Limited (MMC). Hanoun Medical (UK) Ltd. works with employers throughout the UK to create and implement customized programs that aid in …
American Medical Security Group Inc., (AMS) has settled a dispute involving its former pharmacy benefits manager, ProVantage Inc. The dispute reportedly related to pricing and prescription drug fees charged from 1995 through 2002. Under terms of the agreement, AMS will …
Following above-normal precipitation from last fall, and with potential heavy rain from spring thunderstorms, Pennsylvania Insurance Commissioner Diane Koken reminded consumers of the importance of understanding what water and flood damage is covered under their homeowners insurance policies. “Each year …
The New York State Comptroller has charged that the Superintendent of Insurance and a unit of the New York Insurance Department (NYSID) responsible for handling liquidations have refusued to cooperate in an audit of its $3 billion operations, forcing the …
Liberty Mutual Group in Boston reported net income of $851.3 million for the 12 months ended 2003, a 67.4% increase over the same period in 2002. “I am very pleased with our overall operating performance in 2003,” said Edmund F. …
An Arlington Heights, Ill., agency was bilked out of more than $17 million by its senior marketing vice president and his wife, who tried to launder the money, according to a U.S. grand jury indictment released recently. Robert S. Carter, …
In recent court filings, federal prosecutors have detailed how former Near North Insurance Brokerage owner Michael Segal spent the premium funds they say he misappropriated. Meanwhile, one of Segal’s former accountants and a co-defendant, has pleaded guilty to helping his …
Vermont Commissioner John P. Crowley has approved workers’ compensation insurance rate increases of 10.3 % in loss costs for the voluntary market and an increase of 14.2 % in the rates for the assigned risk market, effective April 1, 2004. …
United States Attorney Jane J. Boyle announced that in early March 2003 a federal jury in Wichita Falls, Texas, convicted Wendell Lynn Mints, on all counts of all 25 counts of an indictment that charged him with one count of …