Monthly Archives: <span>August 2005</span>

The Hartford Makes Available New Property Endorsement for Orthotic, Prosthetic Pros

The Hartford Financial Services Group Inc. announced the addition of a new Supplemental Property Insurance Coverage Endorsement (SPICE), The Hartford’s premier Orthotic and Prosthetic program now giving practitioners, manufacturers and distributors in this line of work more protection for their …

Farmers Notes 10.5% Workers’ Comp Reduction for Okla. Customers

The Farmers Insurance Group of Companies announced a 10.5 percent reduction in workers’ compensation rates for its Oklahoma business customers reportedly due to an improving insurance marketplace. This 10.5 percent workers’ comp decrease applies to new customers, “in-force” or existing …

Evacuees in Several States Cautioned Not to Re-Enter Damage Areas Prematurely

Emergency management officials are appealing to residents of Louisiana, Mississippi and Alabama who evacuated in advance of Hurricane Katrina’s landfall to stay put. “This hurricane has caused catastrophic devastation across areas of Louisiana, Mississippi and Alabama,” said Michael Brown, under …

AIA: Ky. Office of Workers’ Claims Drops Mandatory Insurer Reporting

Kentucky’s Office of Workers’ Claims (OWC) has struck a blow for regulatory efficiency with its recent decision to discontinue mandatory insurer reporting of medical claim information, according to the American Insurance Association (AIA). Although not driven by any specific need …

More Than Half of Minn. Employers Offer Med Benefits

More than half of Minnesota employers offer paid medical insurance to full-time employees, according to the 2005 Minnesota Employee Benefits Survey. About 53 percent of firms offer paid medical insurance, while just 12 percent offer benefits to part-time employees, according …

Wis. Health Premiums Up 7 Percent

Average premiums for health care plans rose 7.2 percent in southeastern Wisconsin compared with a 9.6 percent increase nationally, according to a survey released by United Benefit Advisors, an employee benefits advisory organization. The organization polled 125 employers in southeastern …

Mo. Legislature to Address Comp Glitch

Senate Bill 1, Missouri’s new workers’ comp reform law, contains a drafting error the legislature intends to address during a special session set to take place in mid September. However, since the law goes into effect on Aug. 28, there …

HRH Opens Chicago Office

Hilb Rogal & Hobbs Co., the world’s 10th largest insurance and risk management intermediary, has announced the opening of an office in downtown Chicago. The new HRH client team consists of three client sales executives and four client service representatives. …

Florida AG Notes $21,000 in Price Gouging Restitution with 2 Companies

Florida Attorney General Charlie Crist has announced his office has reached settlements with two companies accused of price gouging during last year’s record-setting hurricane season. Both cases involve established businesses that sold generators at prices far above their usual retail …

American Modern, Other Insurers Make Ward Top 50

Midland Co.’s American Modern Insurance Group made the annual Ward’s 50 Benchmark Group of best-performing insurance companies. Cincinnati-based insurance consulting firm The Ward Group also honored Cincinnati Financial Corp. and Western & Southern Financial Group for their five-year financial performances. …