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Still Growing [Business People (IN)]

January 27, 2012

In today’s challenging business climate, Silveus Insurance Group has grown through innovation and diversification. In 1940, Grover Sims, the grandfather of Steve Silveus, current chairman of the board, started Sims Insurance Agency.

Low Short-Term Rates Pressures Life Industry

January 27, 2012

The Fed announced that economic conditions are “likely to warrant exceptionally low levels for the federal funds rate at least through late 2014,” changing its previous statement in August that the federal funds rate would remain low “at least through mid-2013,” said James Gillard, senior managing economist at A.M. Best…

PCI Risk and Security Expert Joins G2 Web Services, LLC

January 27, 2012

G2 Web Services, LLC, the leading provider of merchant compliance monitoring and e-commerce risk management services, today announced that Jen Mack has joined G2 as Vice President of Business Development.

County weighs its interest in historic Plaza Pub against finances, insurance costs [Alamogordo Daily News, N.M.]

January 27, 2012

Jan. 27– The Otero County Commission took an interest in the Plaza Pub building during its regular meeting Thursday, with one commissioner broaching the possibility of the county taking over the building. Padilla showed the commission an artist’s rendition of a renovated Plaza Pub building, as well as floor plans drawn by Charles Nolan.

AutoChina International Declares Special Cash Dividend of $0.25 Per Share

January 27, 2012

AutoChina International Limited, China’ s largest commercial vehicle sales, servicing, leasing, and support network, today announced that its Board of Directors has declared a one-time special cash dividend in the amount of $0.25 per share. Yong Hui Li, Chairman and CEO of AutoChina, stated,“ We are pleased to declare the Company’ s first dividend.

TRANS1 INC FILES (8-K) Disclosing Regulation FD Disclosure

January 27, 2012

TranS1 Inc., a Delaware corporation has previously disclosed that healthcare providers rely on third-party payors, including private health insurance plans, to pay for all or a portion of the costs and fees associated with the Company’s pre-sacral approach and AxiaLIF interbody fusion procedure.

Towers Watson: Deepwater Horizon Disaster Pushes Increase in U.S. Tort Costs in 2010

January 27, 2012

Tort Cost Trends from global professional services company Towers Watson. In total, the U.S. tort system cost $264.6 billion, which translates to $857 per person, versus $820 per person in 2009. Personal tort costs totaled $96.7 billion; commercial tort costs were $168 billion…

Mel Foster Co. Celebrates 2011 Achievements

January 27, 2012

Mel Foster Co. Inc. celebrated their 2011 achievements.

Supplier Receives Sentence

January 27, 2012

MARINE CORPS LOGISITCS BASE ALBANY, Ga., Jan. 26– The U.S. Marine Corps issued the following official news story:. He was extradited from Mexico in December 2010 following his arrest in Cancun, Mexico, resulting from his appearance on “America’s Most Wanted,” according to a Department of Justice press release dated Dec. 15, 2011.

New Doctors Join The Ranks of The Center for Medical Weight Loss Network

January 27, 2012

Tarrytown, NY January 27, 2012. The doctors’ training comes just as Medicare and more private insurers are introducing new policies to cover counseling for obese patients, whose BMI is 30 or higher.

Aktia Plc – Aktia initiates cooperation within non-life insurance with Folksam

January 27, 2012

Stock exchange release 27.1. 2012 at 10.00 a.m. Helsinki, Finland, 2012-01-27 09:00 CET– Aktia initiates cooperation within non-life insurance with Folksam In accordance with company strategy, Aktia focuses on strengthening and deepening customer relations.

Texas Insurance Agent Charged With Fraud

January 27, 2012

Court records show that from 2007 to 2008, San Juana Lopez sold Medicare Advantage plans for a Care Improvement Plus, a San Antonio- based insurance company…

Hawaii Supreme Court says insured needn’t prove tangible losses in bad faith suit [Lawyers USA]

January 27, 2012

An insured suing for bad faith is not required to prove economic or physical injury in order to recover damages for emotional distress allegedly caused by the termination of her long-term care benefits, the Hawaii Supreme Court has ruled in answering a certified question from a U.S. District Court.

Western Insurance Holdings Forms New Company: On Point Risk Solutions [Professional Services Close – Up]

January 27, 2012

According to a Jan. 19 release, On Point Risk Solutions brings a wealth of expertise to the surety and construction, and property and casualty insurance industries. On Point Risk Solutions is backed by Western Insurance Holdings, the parent of ICW Group Insurance Companies, a group of property and casualty carriers.

A.M. Best Speaks on Proposed Merger of American Enterprise Group [Professional Services Close – Up]

January 27, 2012

A.M. Best Co. has said that the ratings of the subsidiaries of American Enterprise Group Inc. are unchanged following the announcement of a definitive agreement under which Medico Mutual Insurance Holding Company will be merged into American Enterprise Mutual Holding Company. In a release, A.M. Best noted details:.

EK Health Appoints Sherry Busbee as Director of Case Management, Eastern Region [Health & Beauty Close – Up]

January 27, 2012

EK Health Services, Inc., a national workers’ compensation managed care company, announced that Sherry Busbee, noted workers’ compensation industry executive, has been hired as Director of Case Management, Eastern Region.

FEMA says mining bill could cut federal flood insurance [The Wisconsin State Journal]

January 26, 2012

A provision in the Assembly mine permitting bill being considered in the state Legislature Thursday could jeopardize the state’s access to federal flood insurance, according to the Federal Emergency Management Agency…

Wyalusing Grad Kilmer Remembers JoePa [Daily Review, The (PA)]

January 26, 2012

Sunday was a very tough day for Ethan Kilmer. It was Joe Paterno who called Kilmer into his office at Penn State that day before his senior season. So, in the end, it was Paterno that was the reason a walk-on named Ethan Kilmer from tiny Wyalusing, Pa. got drafted by the Bengals in the seventh round of the 2006 NFL Draft.

Supplier receives sentence

January 26, 2012

Marine Corps Logistics Base ALBANY Ga. He was extradited from Mexico in December 2010 following his arrest in Cancun, Mexico, resulting from his appearance on “America’s Most Wanted,” according to a Department of Justice press release dated Dec. 15, 2011.

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