Author Archives: Editor - Finance Top Stories

Obama’s $319 Billion Oil Tax Plan Raised to $10.25 a Barrel

> President Barack Obama proposed Tuesday to raise $319 billion over the next decade for transportation and other needs with a $10.25-per-barrel tax on crude — up from $10 that was announced last week. The higher amount, along with other … Continue reading

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Obama sends Congress record $4.1 trillion 2017 spending plan

WASHINGTON (AP) — President Barack Obama sent Congress his final budget on Tuesday, proposing to spend a record $4.1 trillion on a number of initiatives, from a new war on cancer to combating global warming to fighting growing threats from … Continue reading

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Hearing on ‘Serial’ murder case wraps up in Baltimore

Convicted murderer Adnan Syed arrives at the Baltimore City Circuit Courthouse in Baltimore, Maryland February 5, 2016. Reuters/Carlos Barria A Maryland hearing on whether to grant a retrial to a man whose murder conviction was made famous by the podcast … Continue reading

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Florida Completes $1.2B Revenue Bond Sale

Florida completed a $1.2 billion in revenue bond sale on Feb. 8 issued by the State Board of Administration Finance Corporation, formerly known as the Florida Hurricane Catastrophe Fund (FHCF). The fund is designed to help private insurers pay claims … Continue reading

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Preferred Mutual Hires Forstenzer as General Counsel in New York

Article Comments Andrew Forstenzer Preferred Mutual Insurance Company in New Berlin, New York, has hired Andrew Forstenzer as general counsel.Throughout his professional career, Forstenzer has served in multiple leadership roles. Most recently he was engaged as of counsel to the … Continue reading

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Safety National Adds Safe Patient Handling Program for Healthcare Clients

Article Comments Safety National Casualty Corp. has released its Safe Patient Handling Evaluation Resource – a tool that helps evaluate healthcare facilities’ safe patient handling and mobility (SPHM) programs. Safety National has partnered with Atlas Lift Tech to add this … Continue reading

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Study: Among Indiana Cities Terre Haute Has Fewer Driving Deaths

Article Comments A consumer advocacy organization says Terre Haute is the Indiana city with the fewest distracted and drunken driving fatalities. The Tribune-Star reports that ConsumerAffairs conducted a nationwide study using the latest available data from 2014 National Highway Traffic … Continue reading

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Focused on Energy Sector, Everest Insurance Opens Houston Office

Article Comments Hamilton, Bermuda-based Everest Re Group Ltd. has opened an Everest Insurance office in Houston as part of its strategic plan to strengthen its presence in the Southern region, and in particular, in the energy corridor. Everest Insurance now … Continue reading

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N.J. Neurologist Accused of Filing Fraudulent Bills to Insurers

Authorities announced that a North Jersey doctor has been indicted for allegedly billing numerous insurance carriers for medical procedures he did not perform himself or that were not performed at all. New Jersey Acting Attorney General John Hoffman and the … Continue reading

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Louisiana Seafood Industry Benefits from Guest-Worker Program

Congress’ decision to quadruple the size of a guest-worker program might be described as a gift to Louisiana’s seafood processing industry, which struggles to fill the seasonal jobs each year. The LSU AgCenter says about 60 Louisiana seafood processing facilities … Continue reading

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