Monthly Archives: <span>August 2006</span>

Penn Treaty American Temporarily Suspends Sales in Florida

A subsidiary of insurance firm Penn Treaty American Corp. has temporarily suspended new sales of Florida policies pending the filing and review of its 2005 statutory audit report, the company announced this week. Penn Treaty Network America Insurance Company expects …

Iowa Lawmakers, Wellmark Want Review of Hospital Construction Law

Hospital executives should seek approval from state regulators before closing hospitals on Des Moines’ east side and opening new ones in the suburbs, say some lawmakers and officials along with Iowa’s largest health insurer. Mercy Medical Center filed papers last …

Answers Still Elusive in 127-year-old Kansas Mystery

Researchers trying to solve a 127-year-old mystery still don’t have a usable DNA sample to help them. Two University of Colorado professors excavated a grave in Lawrence, Kan. in May supposed to belong to John Hillmon, a 31-year-old ranch hand …

P/C Industry to Earn Profit in 2006, but Performance Will Decline Through 2008

Property casualty insurers can expect another year of overall industry underwriting profit in 2006, matching the results of 2004, according to the latest Conning Research and Consulting, Inc. forecast report for the property/casualty industry, which provides a first look at …

Judge Rules in Favor of Insurer in Miss. Wind vs. Water Case

In a highly anticipated ruling in one of the first wind vs. water insurance claims arising out of Hurricane Katrina, a Mississippi judge has upheld the exclusion for damage caused by water and water-borne materials in an insurance contract. In …

Calif. Blue Cross Spent 78.9 Percent of Premium on Patients In 2004-05

For the fifth year running, Blue Cross of California has spent less than 80 percent of premium dollars on patient care, according to a report released by the California Medical Association. Blue Cross, the state’s largest for-profit health insurer, spent …

Provo Withdraws Federal Disaster Aid Application

Provo, Utah, will not seek federal aid to help rebuild public areas that were destroyed during an extraordinary 12-minute storm. City officials said they were withdrawing a disaster declaration made after the storm swept through Provo on Aug. 1. Federal …

N.Y. Looks to Speed Comp Benefits to Ill 9/11 Rescue Workers

New York State has adopted a trio of laws designed to speed workers’ compensation benefits for workers and their families with claims related to 9/11 rescue efforts. The first new law enables many workers who became ill after the expiration …

Report Warns of More Frequent Coastal Flooding and Rising Sea Levels

The California Climate Action Team has released a summary report of 17 scientific studies examining the potential impacts of climate change on California. Heat-trapping gases threaten to cause more frequent coastal floods, rising sea levels, beach erosion and disruptions to …

Florida’s $250 Million Property Loss Mitigation Program Begins

Florida has begun My Safe Florida Home program, a $250 million mitigation program to help Floridians strengthen their homes against hurricanes and to reduce property losses. Tom Gallagher, Florida’s chief financial officerStarting today, said eligible Floridians can apply for a …