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News & Notes

Aug 6, 2007

TUCSON

Carrier relocates local service center

North Carolina-based carrier Old Dominion Freight Line Inc. announced Monday the relocation and expansion of its local service center. The new center, which opened Saturday, is on a four-acre site at 3631 E. Farnum Place. Tucson is one of 188 service centers operated by Old Dominion nationwide. The 29-door facility will be managed by Doug Spicer.

ARIZONA

Auto insurers' rates up in 2nd quarter

Two of the biggest personal auto insurers in Arizona reported increases in their average rates in the second quarter, according to data from the Arizona Department of Insurance. Farmers Insurance Co. of Arizona's average rate rose 5.5 percent in May and then another 1 percent in June. Hartford Underwriters Insurance Co.'s average rate rose 8.3 percent in June. Additionally, SAFECO Insurance Co. of America's average rate fell 4.3 percent in April.

To find rate changes for your insurance company, see the full list online at AzStarBiz.com.

Blue Cross has bank for savings accounts

Blue Cross Blue Shield of Arizona has started offering a new bank for its members' health-care savings accounts. Blue Healthcare Bank, owned by 33 Blue Cross Blue Shield association licensees, allows consumers to manage their health care spending by paying for qualified medical expenses with a debit card linked to their account. The bank is FDIC insured. For more information, visit azblue.com/HSA.

Scottsdale company presents cancer drug

A Scottsdale biotechnology company will present its first drug, meant to fight lymphoma, at a world conference on Tuesday, the East Valley Tribune reported. InNexus Biotechnology, housed at the Mayo Clinic research campus, has been working the last nine months to ready the drug for pre-clinical testing, said CEO Jeff Morhet.

"This is after years of science we've done," he said. "And we do it as rapidly and efficiently as we can."

Morhet will make a presentation Tuesday at the 12th annual Drug Discovery and Development of Innovative Therapeutics World Conference in Boston.

* Send notices for Tucson News & Notes to Business, Arizona Daily Star, P.O. Box 26807, Tucson, AZ 85726; by fax to 573-4144; or by e- mail to business@azstarnet.com.

(c) 2007 Arizona Daily Star. Provided by ProQuest Information and Learning. All rights Reserved.



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