Insurance News
WY Workforce wellness doesn't cost, it pays
Kirk Keller of Two Medicine Health Financial Fitness was fielding a question about workforce wellness this fall from a Cody employer who asked, You mean to tell me that if we don't do anything, it's going to cost us? Yeah, it's going to cost...
Oklahoma Heart Institute Plays Host to Open House
Oklahoma Heart Institute treats its first patients on Wednesday, March 11, but the public has the opportunity to experience a peak inside the new, state-of-the-art hospital at a community open house Sunday, March 8 from noon to 4 pm. OHI is...
Oklahoma Farm Bureau Group Firms Downgraded
A.M. Best Co. downgrades the financial strength rating to B+ from B++ and issuer credit ratings to bbb- from bbb+ of Oklahoma Farm Bureau Group and its members, Oklahoma Farm Bureau Mutual insurance Co. and AgSecurity Insurance Co. The ratin...
Kaiser Cutting 1,850 Jobs Statewide, 650 in Region
Kaiser Permanentes surprising announcement last week that it would eliminate 650 jobs in Southern California and 1,850 statewide created concerns among health care analysts, who anticipate further job losses among hospital districts as the...
Pharmacies Switching Patients’ Drugs to Save Money, Some Charge
Consider this scenario: A patient walks into a pharmacy, drops off a prescription and ends up with an entirely different drug than the one prescribed by his or her doctor. Not a generic drug, but a nonchemically equivalent alternative drug...
Sage Grouse a candidate species
The greater sage grouse, whose numbers have seen a 90 percent decline from a century ago and who have lost more than half of their historic habitat, does not have a good long-term prognosis, Interior Secretary Ken Salazar told reporters at a...
Medical Imaging Organization Launches
The Imaging Radiology Oncology Association forms to represent Independent Diagnostic Testing Facilities, radiologists and oncologists. IROA is a national collection of medical imaging industry personnel and diagnostic clinics. The associati...
Federal Aid Sought for State Farmers
Citing extreme weather conditions in Oklahoma over the past 10 months, Gov. Brad Henry asks the U.S. Secretary of Agriculture to issue a federal disaster designation to assist Oklahoma farmers and ranchers. If the disaster declaration is ap...
1st Century Shares Surge Despite $3.5 Million Loss
Shares of 1st Century Bank in Century City rose 9 percent Tuesday after the company reported a fourth-quarter net loss of $3.5 million. Shares of the bank closed at $3.70, up 30 cents for the day The company lost a total of $7.8 million in...
Growth Drive Carried Culver City Bank Over Cliff
Alliance Bank had a rocky beginning in the early 1980s. Earlier this year, the Culver City business bank met a similarly rocky end. For the past decade, as a development craze enveloped Southern California, the institution quietly amassed o...
Dental Insurers Saw 5% Drop in Members in Past Year
Orange Countys largest dental insurers saw local enrollment drop by 5% to about 1.8 million people during the past year, according to this weeks Business Journal list. With higher unemployment and companies cutting back on expenses, enrollm...
Insurance Regulator Targets Warranty Scammers
State Insurance Commissioner Kim Holland and the Oklahoma Insurance Department have been aggressively tackling service warranty companies operating without a license. Unlike many other states in the U.S., Oklahoma law requires service warra...
Diversity Aids Insurers Through Slowing Economy
After unprecedented growth over eight decades in the commercial insurance sector, Tulsa-based Rich Cartmill Inc. faces one of its toughest challenges. It is a tricky balance for the company. Traditional industries like energy and manufacturi...
Temecula Valley Bancorp to Seek Bankruptcy Protection
Temecula Valley Bancorp plans to enter Chapter 7 bankruptcy on Aug. 18 following the seizure and sale of its assets this month by regulators from the Federal Deposit Insurance Corp., according to a July 31 regulatory filing. Citing inadequa...
Canadian Company to Acquire Zenith National
Zenith National Insurance Corp. and Fairfax Financial Holdings Ltd. said Thursday that they have entered into a merger agreement, under which Fairfax will acquire the Woodland Hills workers compensation insurer in a deal valued at $1.4 bill...
Benefits Consultants, Insurers Guide Clients through Reform
As the year winds down, Orange County benefits consultants and providers are waiting to see how national healthcare reform plays out. Congressional leaders are working to pass one major bill in each house that aims to remake the countrys he...
First American Swings to Profit,Updates Spinoff
Santa Ana-based title insurer and data services company First American Corp. reported a profit and sales in line with Wall Street estimates Thursday and said it hopes to complete a long-planned spinoff by June 1. First American reported a p...
Zenith Files for Rate Increase
Zenith National Insurance Corp. said late Wednesday that a subsidiary has asked the California Department of Insurance to approve a 2.7 percent increase in its workers compensation base rates. The new rates for Zenith Insurance Company woul...
Infamy Insurance
The Tiger Woods scandal captivated millions, but it also sent shivers down the spines of advertisers. After all, the superstars image was the mainstay of multimillion-dollar ad campaigns that have gone up in smoke. Now, DeWitt Stern, a New...
Temp Service to Pay Insurance Fine
A Bellflower-based temporary employment agency has agreed to pay up to $20 million in court-ordered restitution in a workers compensation fraud case, but could end up paying only $5 million in a plea agreement. Staffing Services Inc., which...
Insurance Exec Finds Gap to Fill With Defaults
The process of foreclosing on a piece of real estate is daunting in detail. It involves mailing letters, posting public notices and other standardized procedures which must be done on a strict timetable and to exacting specifications. The w...
Encino Insurance Broker Pushes South
GNW-Evergreen Insurance Services, an Encino-based broker, said Aug. 25 that it signed a deal to acquire the assets of Plenary Insurance Services for undisclosed terms. As part of the deal, GNW-Evergreen took on Plenarys San Diego office wit...
Better Business Bureau Mixer Heads Down Under
Bondi Bar Kitchen, an Australian-themed restaurant in the Gaslamp Quarter, is the venue for an Oct. 1 business-to-business networking mixer put on by the San Diego Better Business Bureau. The event runs from 4 to 6 p.m. at the restaurant at...
1 in 5 San Diegans Without Medical Insurance
With the rancorous debate on a nationalized health care system dragging on in Washington, the U.S. Census Bureau reports that more than 500,000 adults in San Diego County, or one in five residents, are without medical coverage. And thats ba...
Regulators Close San Diego National Bank, U.S. Bank Takes Over
The Federal Deposit Insurance Corp. said late Oct. 30 that regulators closed San Diego National Bank. The federal agency said San Diego National branches will reopen as branches of Minneapolis-based U.S. Bank. Local bankers had been expecti...
UC Board May Require Insurance for Grad Student Enrollment
Eight years ago, University of California officials noticed an unsettling statistic that prompted a rewrite of the rules on campus health care. The figureheads found that, systemwide, an estimated 40 percent of undergraduates were living wi...
As Tournament Time Nears, Farmers Steps In as Sponsor
The San Diego Open has been renamed the Farmers Insurance Open after the Farmers Insurance Group agreed to become the title sponsor for the areas premier golf tournament, according to a Jan. 18 announcement. The one-year agreement between F...
Today's Picks
Indiana teachers union to cover disability claims
INDIANAPOLIS_The Indiana State Teachers Association and the National Education
Aging of the population of the Workers Comp claims and
Copyright: Business Wire Source: Business Wire Wordcount: BOSTON--(BUSINESS
MaybachFinancial.com Posts Free Analyst Report on ETN,
LONDON -- (MARKET WIRE) -- 04/23/09 -- MaybachFinancial.com is one of the
Citizens Property Insurance is preparing to raise
State regulators announced today they will hold a public hearing Tuesday on
SPD Bank Inks Framework Deal with Dazhong Insurance
Dazhong Insurance Company Ltd. disclosed on February 21 that it had concluded a
Ind. teachers union to cover disability claims
INDIANAPOLIS_The Indiana State Teachers Association and the National Education
Merck sued over patent on allergy drug Singulair
NEW YORK_The battle over the patent on Merck and Co.'s allergy and asthma drug
Citizens Business Bank signs agreement with FDIC to
Bank holding company CVB Financial Corp (NASDAQ:CVBF) disclosed late Friday
Graniz Mondal Inc. Enters Into Letter of Intent With
MONTREAL, QUEBEC -- (MARKET WIRE) -- 06/22/09 -- Graniz Mondal Inc. (Graniz)
Sterling Financial Corporation of Spokane, Washington,
Sterling Financial Corporation (NASDAQ: STSA) today announced that its
Atlantic American Corp. Leads Wednesday's AMBG as
The AMBG closed Wednesday, Oct. 14, at 843.05 (+2.06%). Of the 15 A.M. Best
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