Content about Insurance

Retail companies should expect this year and 2014 to be a wild roller coaster ride of health insurance changes for retailers. That assessment came from Neil Trautwein, VP, employee benefits, National Retail Federation, who said that retailers need to take prudent actions to comply with the requirements of the Affordable Care Act (ACA).

Indianapolis -- Hhgregg Inc.'s fiscal fourth-quarter earnings jumped as the chain collected $39.6 million in life insurance proceeds due to the death of executive chairman and former CEO Jerry W. Throgmartin.

Throgmartin, who died Jan. 22 at age 57, served as chairman and CEO of Hhgregg from 2003 to 2009 and led it through a 2007 initial public offering of stock. Hhgregg said Wednesday it collected the proceeds from a "key man" life insurance policy.

By Rich Arlington

Record snowfall last season spelled trouble for many roofs and parking garage decks. The continuous storms that dumped more than 2 ft. of snow in New England alone had facility owners frantically addressing weight load issues as heavy snow and ice threatened, and in some cases caused, roof and deck top collapses. The fallout: a rise in lawsuits as owners, insurance companies and snow contractors battle over snow and ice procedures followed, or not, in comparison with written contracts.

New York City -- With the start of the 2011 holiday shopping season approaching, retailers need to ensure they have plans in place to address the increased risk of a flash mob event, according to Marsh, a leading insurance broker and risk advisor.

While retailers continue to beef up computer security, hackers continue to find ways to circumvent even the most sophisticated cyber-blockades. And the threat is not only hackers or rogue employees maliciously liberating private information: Data breaches occur when sensitive information is improperly disposed of and tossed in the trash or lost when a laptop or other portable electronic device is mislaid by or stolen from a well-meaning employee. This not only impacts your customers but can damage a company’s reputation and bottom line.


Camp Hill, Pa. -- Rite Aid Corp. has agreed to pay $2.1 million to Massachusetts towns to settle alleged prescription drug overcharges under the workers’ compensation insurance system.

Massachusetts Attorney General Martha Coakley said Wednesday that Rite Aid has overcharged state agencies and at least 100 cities and towns to fill prescriptions for people receiving workers' compensation since 2002.

New York City -- For the fifth consecutive year, Faith Hope Consolo, chairman of Prudential Douglas Elliman's Retail Group, along with longtime partner Joseph Aquino, executive VP, was awarded Prudential Real Estate Affiliates' "Top Retail and Commercial Agent -- Highest GCI" for her group's tremendous deal volume in 2010. The two joined the firm in 2005.

Additionally, they have been inducted into the Chairman's Circle, and honored with the coveted Diamond Award, given to the top 1% of sales professionals in the Prudential global network.