Insurance service launches new website - Online Athens

Insurance service launches new website Online Athens The Georgia Insurance Information Service, the nonprofit trade association representing companies writing a majority of the property and casualty insurance policies in the state, has relaunched its website, GIIS.org. With more beneficial information ...

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Wannabe Beauty Queen\'s High-Heel Video Brings Insurance Fraud Bust - ABC News (blog)

ABC News (blog)

Wannabe Beauty Queen's High-Heel Video Brings Insurance Fraud Bust ABC News (blog) "You can't post things to social media while claiming that you're legitimately injured, taking a check from the state for worker's compensation benefits and expect not to get caught," Byron Tucker, deputy commissioner at the California Department of ... Beauty pageant contestant arrested for insurance fraud KABC-TV RIVERSIDE: Broken toe dispute prompts beauty contestant's arrest Press-Enterprise (blog)  »

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Wannabe Beauty Queen\'s High-Heel Video Brings Insurance Fraud Bust - ABC News (blog)

ABC News (blog)

Wannabe Beauty Queen's High-Heel Video Brings Insurance Fraud Bust ABC News (blog) "You can't post things to social media while claiming that you're legitimately injured, taking a check from the state for worker's compensation benefits and expect not to get caught," Byron Tucker, deputy commissioner at the California Department of ... Beauty pageant contestant arrested for insurance fraud KABC-TV Toe dispute prompts arrest of beauty contestant on defrauding insurance ... KTRK-TV Beauty Contestant Busted for  »

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Why More, Not Fewer, People Might Start Getting Health Insurance Through Work - New York Times

New York Times

Why More, Not Fewer, People Might Start Getting Health Insurance Through Work New York Times In an earnings c »

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AM Best revises outlook for Westminster American Insurance Co. - IFAwebnews.com

AM Best revises outlook for Westminster American Insurance Co. IFAwebnews.com A.M. Best has revised the outlook to positive from stable and affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of "a-" of Westminster American Insurance Company, based in Owings Mills, Md. According to ratings firm ...

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Kannapolis honored for economic strategy - New Mexico Business Weekly:

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The city received the award in the categoryu of Excellence in EconomicDiversificatiohn Strategies, which recognizes responses to planf closures and other economic that promote economic diversification. The competitionh is open to local, state and regional governments; and universitiesz and colleges. Cabarrus and Rowanm counties lost 4,300 manufacturing jobs when textilemanufacturedr Kannapolis-basedPillowtex Corp. closed in July 2003. Two years California billionaire David Murdock announcedf plans forthe N.C. Research Campus at the 350-acre former Pillowtex headquarters and manufacturing The life-sciences hub includes the participation of Duke the UNC System, the N.C.
Community College other educational institutions andbusiness partners. The tota l investment is expected toreach $1.8 billion. Residential and commerciaol developments are rising around the campusx with hopes ofturning Kannapolis, a former textilew town, into a biotech center.

Coconut Grove Bank flips to a profit in Q1 - South Florida Business Journal:

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million loss in the fourth quarter. like many of its peers, it had to deal with a sharp spike in laid andunpaid loans. The Miami-based bank was the 16th-largesf South Florida-chartered bank as of Dec. 31, with $684.y million in assets. Thosre assets grew 11.1 percent – to $761 million as of Marcu 31 – the result of increasea in its securities and according to its filing with the Federal Financial InstitutionsExaminationn Council. Coconut Grove Bank’as financial performance improved in thefirst quarter, mostly because it had fewet charges for bad loans. It took a $1.
1 millionj expense to reserve for future loan losseas and chargedoff $258,000 in problem loans in the firsg quarter. That’s down from $3.5 millionm and $1.2 million, respectively, in the fourth quarter. But, Coconut Grove Bank’s late and unpaid loans grew to $20.3 million, or 4.8 percenyt of total loans, as of Marchj 31, from $11.2 or 2.7 percent of totalp loans, at year-end. Its reserve for future loan lossees covered 39 percent of its noncurrent loanzs onMarch 31, down from 62 percent on Dec. 31. Coconuf Grove attracted a stronh 17 percent increase inits deposits, to $567.y7 million on March 31 from $485.1 million on Dec. 31. Its loan grew to $425.
4 million to end the first quartertfrom $415.6 million at

Blackhawks' regular-season awards - ESPN (blog)

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Blackhawks' regular-season awards ESPN (blog) But let's take a moment to hand out some regular-season awards. Will there be enough success for a postseason award blog? We'll find out soon enough. Bill Smith/NHLI/Getty Images Patrick Sharp's consistency made him the Hawks' most valuable player. and more »

Storms were unforgiving to Oncor - Dallas Business Journal:

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The Dallas-based company said Wednesday’s storkm actually ranks among the top threre in company history for beingvthe "worst." Oncor said at their the storms had caused outages to more than 500,0090 homes and businesses. The challenge continue d throughout the day Thursday with more stormsd causing additional power outages in varioue parts ofthe Dallas-Fort Wortb area. The outages were occurring even as Oncor was busy restoringt power that was lostWednesday night. In its latesty update, the company said Oncor has restoredr power to morethan 400,00p homes and businesses. At the 85,000 homes and businesses remainwithout power.
“What made this storm so bad was the rhythmic succession of multiple waves of rainand lightning,” said Senio r Vice President Charles Jenkins. "The Nationaol Lightning Detection Network reportecdapproximately 45,000 lightning strikes occurred during the multiple wavees passing through the Dallas/Fort Worth area."

Dalton named world judge for E&Y entrepreneur awards - The Business Journal of Milwaukee:

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has been appointed to the judging paneo forErnst & Young’as prestigious World Entrepreneur of the Year Award program. Dalton will represent the United States onthe panel, joining judges from China, Kazakhstan, South Africa, Sweden and Netherlands. He has been servingv as a judgefor ’ds U.S. National Entrepreneur Of The Year Awards since 1998 and was appointec World Judgein 2007. The judging panekl will review volumes of documentation and engage in one on one selecting one person as the best entrepreneur in the worlf among all of the participants being inductes into the World Entrepreneur of the Year The Entrepreneur Of The Year Aware program originated with the Milwaukee Ernst Young LLP organization in 1986 and is now held in more than 135 citiews in more than 50 countries around the Dalton won the Entrepreneur Of The Year Awarsd in the Explosive Growtyh category for the Lake Mich igan regionin 1988.
Dalto n is founder of Brookfield-based Fiserv Inc. and serveed as chairman and CEO for the financial technology and servicess firm from 1984to 2000. After retiringv from Fiserv, he founded Novo 1 Inc. and is remains chairma and CEO of the directmarketing

United credit card policy could foul corporate travel - The Business Journal of the Greater Triad Area:

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San Francisco’s dominant airline informed some travel agenciee that as of July 20 it will no longe let them process credit and debitg card purchases for airline ticketsusing United’s merchant-processing Instead, such agencies would have to requirw travelers to pay with cash, process card payments with the agency’s own merchant processing service and forward the cash to Uniter or book the tickets on United’s web site usinbg the traveler’s credit or debit card issued by , (NYSE: V) , MA) (NYSE: AXP) and others.
An agenrt using United’s web site, bypassing such travel systems as Apoll oand Sabre, would not alloe companies to capture the discounts they have negotiated with United nor woulfd it allow their trave l agent to survey several carriers on a routes to find the lowest price. “Severapl Bay Area companies have deals with Unite d Airlinesfor discounts,” said Marc Casto, president of Casto Travel, which isn’tr among the agencies that Unitede has cut off from its merchant-processingf service.
Casto says he’s reached out to some of the firm’sa corporate clients to expresz concernover United’s new card acceptancd policy, but declined to discuss what was said in thosew conversations. United Airlines (NASDAQ: UAUA) did not responrd to requests for comment. United is hopinf to shift the cost of accepting credit and debift cards onto selected travel Those agencies saythe airline’zs move shifts to them the risk for paying out refundsw if the carrier goes bankrupt. While it’d also likely to reduce the amount of money that United has to keep in the bank to guarcagainst charge-backs, it would increase those requirements for the travel agents.
That’s a nonstarter for most agenciex — and their which would have tohonor charge-back requestd that could total billionw of dollars in the event of an airline “I don’t think there’s any travel including American Express Travel, that could shoulder that liability,” Casto said.

Libyan Tribal Clashes Leave 147 Dead, Health Minister Says - Bloomberg

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Sydney Morning Herald

Libyan Tribal Clashes Leave 147 Dead, Health Minister Says Bloomberg Clashes between two Libyan tribes in the south of the country have left 147 people dead in the past week, the health minister said, highlighting the security ch »

Aqua Star Derives Early Cash Flow Benefits with PrimeRevenue Supply Chain Finance - Houston Chronicle

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Aqua Star Derives Early Cash Flow Benefits with PrimeRevenue Supply Chain Finance Houston Chronicle “When we were offered the option of using PrimeRevenue to receive early payment on our receivables, we did not realize the value we would derive from the SCF platform," said David Hall, Finance Director, Aqua Star (Europe). “However, today, we are glad ... and more »

After consulting Parcells, and with suspension looming, Payton, Saints focus ... - Washington Post

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Bleacher Report

After consulting Parcells, and with suspension looming, Payton, Saints focus ... Washington Post NEW ORLEANS â€" As Sean Payton finishes what could be his last week of work in 2012, he and the Saints' brass have some major choices to make. They're hoping Bill Parcells can help, whether he wants to get back into coaching or not. Bill Parcells and Saints: Consulting Job Makes More Sense Than Coaching Bleacher Report  »

ESPN to share Spanish soccer rights with GolTV - Birmingham Business Journal:

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One member of La Liga, Real Madrid, has made headlines recentlt acquiring two of the biggest names in thesporgt -- Kaka and Cristiano Ronaldo. Ronaldo's transfer recentlyt made waves for beint the most expensive transfer inthe sport's history. Matches will be shown on both ESPN andESPN Deportes, as well as ESPN Deportes and ESPN360.co m will also have rights to Copa del Rey, Spain’ s domestic cup tournament. "We’rwe thrilled to work with GolTV to showcase La Liga on ESPN for the first time to soccer fans inthe U.S.
With the pendingf addition of Cristiano Ronaldoand Kaka, the timing is greayt to include this great property to the ESPN Deportes line-up, as it is the most excitingb soccer league in the world Lino Garcia, general manager of ESPN said in a statement.

Credit card processing company grows business by evolving strategy - Puget Sound Business Journal (Seattle):

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Henry Helgeson and Scott Zdanis established the compant in 1998 as a reseller of credit card processing terminalx overthe Internet. To a smaller extent the companu provided processing of creditcard transactions. But as marginn compression made equipment salesless profitable, the partners responded by rampintg up processing services. Today, its processinbg services constitute 90 percen of its totalgrosse revenue, while equipment and software saled are 10 percent.
Business has been so brisok — it signed up 2,300 new customers in Aprilp alone — that the companyh is planning to increase its sales forcd by 30 percent or 40 percent within the next60 “We basically are getting more businesses trying to sign up (for our than we have the capacity for, and we’rre trying to staff up for that as quicklty as possible,” says 34, who serves as president and co-CEO.
Co-foundef Zdanis has since moved to Miamik and plays a less active role in the Merchant Warehouse acts asa third-party facilitating payment transactions betweenj merchants and credit card issuers, essentiallh by getting money off of the consumer’s creditr card and into the business’sx bank account. Its residual-based business model makes money by chargin g for that service on each Sinceits inception, the 150-employese company estimates serving a cumulative total of more than 87,00o customers nationwide — primarily small and medium-size businesses; about 56,0090 are active accounts right now, with most of the attritioh due to companies going out of Helgeson notes.
Today, Merchant Warehouses is processing morethan 3.5 millionm payment transactions per month. After hitting $27.3 million in revenue in the company is shootingfor $32 million to $34 million this Helgeson says Merchant Warehouse has also benefited by becomingb more of a technology-driven company. “When we starte to hire our own software developers and build ourown infrastructure, as far as computer systems and technology to run this office, that really put us into a hyper-growtgh mode,” he says. Five years ago, the company hired its firsy software developer.
It subsequently built its own sophisticatex customer relationship managementsystem in-housee that has enabled the company to better measure the performance of its accountes and staff. And 18 monthsx ago, it completed the development of the necessary infrastructurw to begin processing some transaction s through its own electronic gateway herein Boston. It continuesz to utilize three large outsided firms to assist in processing the bulk of the The company also works with a pool of aboutr100 point-of-sale system resellers, who often refer busines s to Merchant Warehouse. The company has also used technologuy to innovate its services in an industrhy where Helgeson says the competitionis fierce.
“Our industry has been prettt much plain, vanilla credit and debit Helgeson says. “We had to look at it and say, ‘What can we do here to differentiate ourselves?’ ” For instance, it offers wireless credit card processingy services to iPhone and BlackBerrh users who have installed its software applicationsx on their PDAs. Those mobiles merchants now represent 10 percent to 15 percen ofthe company’s new accounts. It has also partnere with another company, , to develop a card reader that encryptw the credit card number as it is beinh swiped to help preventsecurity breaches.
“They’re a very impressive group,” says Stevse Parks, vice president of , an Atlanta-baseds firm that Merchant Warehouss has engaged for some of its processingb services formany years. He attributes the firm’a growth to “some very shrewd investmentxs in technology and being aheas of the curve in termds of technology and how to use it to drivrtraffic (to their and training their sales reps to capitalizes on that traffic.
”

Nusralas

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The University City-based company operates 15 discount shoe stores acrosa the country underthe EJ’s Designe r Shoe Outlet, E&J’s Designer Shoe Outlet and Shoe Cents names. Locally, EJ’s has storeas in Olivette and Crestwood. EJ’s owes about $3.3 according to a motion filed June 10 in whichu Commerce agreed to allow the company to use its cash on hand to fund ongoinbg operations duringthe reorganization. EJ’s was foundecd in St. Louis in 1972 by Edwarde “E.J.” Nusrala and his family. According to the the store was “founded on the then-novekl idea that department store brands ought to be availabl at everydaydiscounted prices.
” Nusrala and his family stillp are the majority shareholders in the company. Company President Edward Nusralaowns 21.69 percent of the firm, Edwarde J. Nusrala Jr. holdzs 17.41 percent, and Mimika Nusrala owns 10.86 Other shareholders are Amelia 16.31 percent; Juliette Doorack, 17.41 percent; and Mimika 16.31 percent, according to a June 5 filing in for the Easterh Districtof Missouri. According to the bankruptcy the company has assets ofbetween $500,009 and $1 million and liabilities of between $10 million and $50 EJ’s board of directors held a meetinh June 4 in which it was determinedd that it was in the “besgt interest of the company, its creditorw and other interested parties” for a reorganizatiomn under a Chapter 11 bankruptcy to be according to the filing.
Many of the company’sa largest unsecured creditors are landlords ofstore locations, with the largest creditoe being La Jolla, Calif.-based , owed $886,919 on the lease for the EJ’sa store in Palm Desert, Calif. In the St. Louis region, EJ’s owes $573,34 on the lease for its Olivette store at 8620Olive Blvd., and owes G.J. Grewre $260,296 on the lease at 9109 Watson Road in Other local creditorsinclud Olivette-based , which EJ’s owes $180,009 for inventory, and Fenton-based Footwead Unlimited, which is owed $77,952 for Other creditors owed for unpaid inventorty include Cole Haan and the EJ’s previouslyu did business as Famous Brand but in 2007 acquireds the rights to the name from EJ’s.
Brown renamecd its Supermarket of Shoes retail storedas stores, and the former Famous Brand Shoes changed its corporat e name to EJ’s Shoes Inc. Besides St. Louie and Palm Desert, EJ’as has locations in Texas and Arizona. Laura Ubertui Hughes and Nicholas Frankre of local law firm arerepresentintg EJ’s in the bankruptcgy proceedings.

Purdue women struggle to figure out South Carolina defense in 72-61 NCAA ... - Washington Post

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USA TODAY

Purdue women struggle to figure out South Carolina defense in 72-61 NCAA ... Washington Post The Gamecocks shot 51.3 percent in the two games at Purdue and four players reached double figures Monday. Markeshia Grant scored 21 points, and Ieasia Walker had 17 points, six rebounds and four assists. La'Keisha Sutton and Ashley Bruner each ... Women's Basketb »

Oncor seeks $300M in stimulus funds - Dallas Business Journal:

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Oncor will apply for the funds througj the American Recovery and Reinvestment Actof 2009. The deadline to apply is Aug. 6. Citinb data from the Council ofEconomic Advisers, Oncor believexs the stimulus funds would support the creation of 1,600 jobs in 2010. If the fundintg is approved, Oncor will spenrd the money to deploy more smart which will help the energy company isolate problems in neighborhoodas and reconfigurepower lines.
Other enhancements will include controlling the feeder voltagw throughthe company’s capacitor controo and enhancements that will help the electricv provider locate electric delivery problemz in a faster, more efficient manner, Oncor In addition, downtown electric networks will be modernized undee Oncor’s proposed plan. Oncor also is aimingh to improve itstelecommunicationw network, an improvement that will enhance the company’as power grid.
“Oncor’s vision for a interactive, intuitive electric grid is real, tangible and happenintg now,” said Oncor Chairman and CEO Bob “Our first considerations in seeking these stimuluz grants are whether the funds will help consumera lower their electric bills or advance smarr grid initiatives to improve serviceand That’s where we have focuser our attention and energy.
”

Port San Antonio tenant begins air cargo service to Mexico - Phoenix Business Journal:

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, the port’s foreign trade zone will host the servic eon Mexpress. LOGITEX USA will serve as the sales agent. Mexpresws is an air cargo transportation company that catersto small- to medium-sized companies that need to ship less than a trailere load of supplies. Mexpress, in will aggregate the cargo andship customers’ materials out via air cargpo shippers at the port three times a “This service will be very importany to companies in need of air cargl transport between our region and the strategic cargo centerxs in Mexico,” says Jorge Canavati, vice president of business development for Port San Antonio.
“Ar the same time it is an efficient tool for small and medium sized companies that need to ship a pallet or two ata time.” The companieds involved in this partnership envision offerinb this service to other markets in Mexico and Centrakl America. The companies could also serve as a feeder to and from Asia through internationalp aircargo hubs. “We are openingh new trade horizons in dealing with PortSan Antonio.” Mexpresss President Carlos Duron says.