Sunday, May 11, 2008
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Health insurance changes will fuel inflation: Opposition (ABC via Yahoo!7 News)
The Federal Opposition says the changes to private health insurance in tomorrow's Budget will be inflationary.

State insurance program to borrow $250M from Citizens (BizJournals)
TALLAHASSEE -- A state program that helps build capital for Florida insurers now depends entirely on Citizens Property Insurance Corp. and the odds of hurricane damages before December.

Too much networking can hurt: My Biggest Mistake, by Laura Mutsko of Mutsko Insurance Services (The Plain Dealer)
You hear it all the time: You need to network. I agree. But you can get caught up in it, especially when you're new in business. I started an insurance company targeting the senior market a couple of years ago. I love it because they're a great group to work with. I learn from seniors every day.

Reed Smith Welcomes Insurance Recovery Litigator in San Francisco (Insurance Journal)
Reed Smith has named Christina Shea of counsel for its international insurance recovery practice in San Francisco. Shea's practice focuses on insurance covera

CGI Wins $115m Contract From Home Insurance Provider (Computer Business Online via Yahoo! UK & Ireland News)
IT and business process services provider CGI has won a 10-year $115m contract from Key Biscayne, Florida-based residential insurance company Magnolia Insurance to provide back-office services including policy administration, billing and accounting, claims administration, statistical reporting, and statutory accounting services.

Health insurance enters era of consumerism (BizJournals)
As employers slash payroll and ax health-care benefits to better manage costs in a slumping economy, Americans are being forced to shop for their own health insurance.

'Hidden' health insurance tax hits companies hard (BizJournals)
Evraz Oregon Steel Mill spends $8.5 million annually on health insurance. Roughly $1 million of that goes to Oregonians not even on the company's payroll.

Kaiser preparing to enter self-funding insurance market (BizJournals)
In an effort to cater to large national clients, Kaiser Permanente wants to expand beyond its bread and butter HMO business and begin next year to offer employer groups the option of using Kaiser services through self-funding health insurance programs.

Haulers Insurance Co. acquired in $50-million-plus deal (Columbia Daily Herald)
Haulers Insurance Company Inc. of Columbia has been acquired by Shelter Mutual Insurance Company of Columbia, Mo., in a deal estimated at more than $50 million.

Farmers Insurance Sets Up Storm Relief Center for Victims of Missouri . Tornado (InfoBolsa)
Tornado 12/05/2008 05:13:00 Business Wire Farmers Insurance Group of Companies advises its Farmers Insurance customers suffering damage from the recent tornado to immediately contact their agent or call the 24 hour claims hotline, 800-HelpPoint (1-800-435-7764).
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