The Hospital & Healthsystem Association of Pennsylvania (HAP) hailed the passage of Senate Bill 556, “which fully privatizes the state’s medical professional liability system.” The reform measure “places the Medical Professional Liability Catastrophe Loss Fund (CAT Fund) under an independent …
A group of Pennsylvania workers’ compensation insurers has filed a memorandum in U.S. District Court supporting efforts to vacate the 1984 consent decree in the case of Richard Baksalary, et.al. v. Smith et.al., which made it more difficult to suspend …
Insurance giant American International Group became the second insurance company in two weeks to file a request with New Jersey’s Insurance Department requesting permission to withdraw from the state’s automobile insurance market over the next 12 months. Last week the …
Tom Ward, KEMPES’ Employment Practices Liability Insurance program director, was a panelist at the recent Professional Liability Underwriting Society (PLUS) LPL-EPL Insurance Issues Symposium held in New York City. The panel tackled a wide variety of EPL underwriting issues including: …
According to the National Association of Independent Insurers (NAII), at the urging of the association and its member companies, the Colorado Division of Insurance agreed to withdraw two bulletins that rendered meaningless the word “solely” in Colorado insurance statutes and …
Accreditation has been restored to the Washington State Office of the Insurance Commissioner (OIC). The announcement was made at the quarterly meeting of the National Association of Insurance Commissioners (NAIC) in New Orleans, LA. Insurance Commissioner Mike Kreidler noted that …
Assurex International, the world’s largest grouping of privately held risk management and commercial insurance brokerages, expanded its worldwide presence with the addition of North American Broker Partners in Lakeland, Fla., and Overland Park, Kan. Columbus, Ohio-based Assurex is owned by …
A report by the National Insurance Crime Bureau (NICB) notes that the most common insurance fraud schemes include anyone from organized criminals, corrupt doctors, lawyers and body shop operators to residents who pad claims. The NICB report reveals that insurance …
With the official arrival of the 2001 hurricane season, Royal & SunAlliance is confident of its ability to respond to major disasters because of the successful track record of its Catastrophe Center, one of only a handful in the insurance …
Nebraska-based Amwest Surety Insurance Co. was found insolvent by the District Court of Lancaster County, Nebraska, and placed in liquidation, according to the West Virginia Insurance Commission, a state where the company sells insurance. The company’s dealings in West Virginia …
