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

Gov. Henry Removes Northwestern Okla., Metro Areas From Burn Ban

Oklahoma Gov. Brad Henry has lifted a month-old statewide burn ban for about half the state, saying rainfall in recent weeks had helped relieve wildfire dangers. Henry’s order lifted burn prohibitions in much of northwestern Oklahoma and the Oklahoma City …

La. Gov. Looking at Whether to Plug State Dollars Into Citizens

Louisiana Gov. Kathleen Blanco said Sept. 12 that she’ll consider a partial state bailout for Louisiana’s insurer of last resort, which borrowed $1 billion to pay off claims after hurricanes Katrina and Rita. Several lawmakers and state officials have been …

Brokers Reject Deal in Ohio Scandal

The Ohio state insurance fund for injured workers continued efforts to reduce soaring medical costs this week, meeting with companies the agency says must brace for lower payments for managing medical claims. Payments to those companies jumped more than 40 …

Former N.D. Agent Convicted of Fraud Loses Another Appeal

A Wimbledon, N.D. farmer and insurance agent, convicted in what was described as the largest farm fraud case in North Dakota history has lost another appeal. The 8th U.S. Circuit Court of Appeals also has rejected the government’s cross-appeal in …

Nationwide Health Insurance to Cut 350 Jobs in Ohio, Calif.

Columbus, Ohio-based Nationwide Health Plans, an affiliate of Nationwide Mutual Insurance Co. that provides health insurance in Ohio and California, will begin cutting about 350 jobs next year, a spokesman for the larger company said late Tuesday. It isn’t clear …

Ohio Grange VP Named Chairman for National Insurance Crime Bureau

Mark C. Russell, Grange Insurance vice president and chief administrative officer, has been named chairman of the Board of Governors for the National Insurance Crime Bureau (NICB), a not-for-profit organization dedicated to preventing, detecting, and defeating insurance fraud and vehicle …

R&M Report Analyzes Chinese Insurers

Dublin-based Research and Markets has added a new report on the Chinese insurance industry to their offering. “‘China Insurance Sector Analysis (2006)’, provides extensive research and objective analysis about the growing insurance industry in China, its product quality, and services,” …

Best Affirms NZ’s Pioneer ‘B+ Rating; Revises Outlook to Negative

A.M. Best Co. has affirmed the financial strength rating of “B+” (Very Good) of New Zealand’s Pioneer Insurance Company Limited, but it has revised the outlook to negative from stable. Best also assigned an issuer credit rating of “bbb-” with …

NASA Study Details Rapid Melting of Arctic Sea Ice

NASA has released a study, conducted by a team of scientists at the Jet Propulsion Laboratory in Pasadena, Calif., which concludes that a dramatic shrinkage in the Arctic ice pack has occurred recently. The data shows that “Arctic perennial sea …

AMS 360 v2.0 Delivers Increased Productivity and Streamlined Connectivity

Innovative Agency Management System Achieves Wide Industry Adoption Bothell, Wash. – AMS Services, a leading provider of software solutions for the insurance industry, today announced the general availability of AMS 360® v2.0, a proven agency management system that seamlessly bridges …