Insurance & Benefits Archive

The Future of the Private Option in Wake of GOP Wins

by Lee Hogan 11/5/2014 10:29 am

There are still a few races yet to be called, but what we know already about the results from Tuesday's election in the state legislature sets up what is sure to be an interesting battle over the state's private option.

Anthony Puts Heat on Insurance Company After Sawmill Fire

by Arkansas Business Staff 11/3/2014 12:00 am

Anthony Forest Products Co. is hauling its insurance carrier into court for allegedly failing to pay off a claim for a 2013 fire that caused $5.6 million in damage.

DHS Director John Selig on What Changes He'd Make in Public Policy

by Arkansas Business Staff 11/3/2014 12:00 am

John Selig joined the Department of Human Services in 1988 as a special assistant to the director. He left the agency for two years in 1994 to work at the Department of Health before returning to DHS as the director of Behavioral Health Services. He was named director by Gov. Mike Huckabee in 2005.

Vitamin Shoppe Attracts $3.7 Million Transaction (Real Deals)

by George Waldon 11/3/2014 12:00 am

Big projects in North Little Rock change hands with an 8,200-SF retail project on McCain Blvd., a big piece of a 276,231-SF Gregory Street warehouse, and the closed Belwood Elementary school.

Household Debt: Delinquency Rate Hits Lowest Point Since '08

by Arkansas Business Staff 11/3/2014 12:00 am

The New York Fed's Quarterly Report on Household Debt and Credit shows that overall household debt in the U.S. fell by $18 billion during the second quarter of 2014 compared with the first quarter. Housing debt stood at $8.62 trillion in the second quarter, while nonhousing debt was $3.02 trillion.

Bank Branch Count in Arkansas Dwindles After Mergers

by Gwen Moritz 11/3/2014 12:00 am

After reaching a peak of 1,513 in mid-2008, Arkansas' branch network had fallen to 1,388 as of this year's summary of deposits, which was released on Sept. 29. A net reduction of 54 branches happened in the 12 months that ended June 30.

David Bush Joins BancorpSouth As Senior Vice President (Banking Movers & Shakers)

by Arkansas Business Staff 11/3/2014 12:00 am

David Bush, formerly senior vice president and commercial lending manager at Delta Trust & Bank, has joined the staff of BancorpSouth in Little Rock as SVP.

‘Sovereign' Actions Complicate Foreclosure of West Little Rock Home

by George Waldon 11/3/2014 12:00 am

Documents sold on the Internet and a $700,000 “International Bill of Exchange” weren't able to keep a minister from losing his 5,608-SF west Little Rock home in a long-running foreclosure action.

Northeast Arkansas District Fair Files For Chapter 11 Bankruptcy

by Arkansas Business Staff 10/27/2014 12:00 am

The Northeast Arkansas District Fair will list close to $10 million in debts, according to its bankruptcy attorney, James Dowden of Little Rock.

Mountain Pure Has New Owner After Stacks Conviction

by Arkansas Business Staff 10/27/2014 12:00 am

John B. Stacks' rough year continued last week when his Mountain Pure operations were handed over to a new owner after a foreclosure auction on the steps of the Pulaski County Courthouse.

The Real Deficit Problem (Gwen Moritz Editor's Note)

by Gwen Moritz 10/27/2014 12:00 am

The federal budget getting under control starts with getting health care inflation under control, which is going to be impossible as long as no one knows what anything costs — as long as even the doctors ordering tests and prescribing medications don't know what kind of bills they are running up.

Windstream Transaction Adds Up to $8.6 Million (Real Deals)

by George Waldon 10/27/2014 12:00 am

A 30,400-SF data center shifted ownership in a sale-leaseback transaction valued at $8.6 million, and land for a future bank branch development in the Heights area of Little Rock tipped the scales at $2.2 million.

Sweet: ‘A Pure Arkansas-Flavored Investment' for Arkansas Teachers Retirement System

by George Waldon 10/27/2014 12:00 am

The Arkansas Teacher Retirement System, the state's largest pension fund, has invested about $73 million in 14,580 acres of cropland since it began building its roster of farm holdings four years ago.

Arkansas Unemployment Rate Falls to 6.2 Percent in September

by Lee Hogan 10/21/2014 09:25 am

Arkansas' unemployment rate dropped one-tenth of a percentage point from August to 6.2 percent in September, according to data released by the state Department of Workforce Services on Tuesday.

UA Study: Well Connected CEOs Can Be Bad for Firms They Lead

by Arkansas Business Staff 10/20/2014 09:28 am

A University of Arkansas study suggests that the more socially connected a chief executive officer is, the less success his firm experiences.

16 Arkansas Public School Superintendent Jobs Top $200,000

by Gwen Moritz 10/20/2014 12:00 am

The list includes 247 current-year superintendents of public school districts and a few charter schools, and it ranks them by the total compensation package — salary plus benefits — paid to the superintendent of that school district in the 2013-14 academic year.

Top College Officials See Sizable Pay Raises

by Mark Friedman 10/20/2014 12:00 am

Arkansas Business reviewed the Administrator's Compensation Survey reports filed with the state Department of Higher Education for the 2010 and 2014 fiscal years. In the four-year period, the number of six-figure employees included in the report increased from 460 to 703.

Federal Health Fraud Case Against Barrows Postponed to February

by Arkansas Business Staff 10/20/2014 12:00 am

If you've wondered what's happening in the case of the Little Rock husband-and-wife physician team who were charged with health insurance fraud in excess of $1.2 million, well, here's your answer: Their trial has been postponed.

Second Lawsuit Names Closed Crittenden Regional Hospital

by Mark Friedman 10/20/2014 12:00 am

The ultimately fatal financial troubles at Crittenden Regional Hospital in West Memphis might have started three years ago, according to a federal lawsuit filed last month against the hospital's former directors.

Mark Millsap on Why the Federal Reserve May Have Zero Interest in Repairing the Economy

by Arkansas Business Staff 10/13/2014 12:00 am

Mark Millsap is a co-owner of Foundation Resource Management, which has a team of six investment professionals and five administrative employees managing approximately $2.1 billion.