In a move to cover all those it serves, the Independent Insurance Agents of America (IIAA) has changed its name to the Independent Insurance Agents & Brokers of America (IIABA) to more accurately reflect the Association’s inclusive membership makeup, CEO …
A new study by the Workers Compensation Research Institute (WCRI) shows that the average medical payment paid to injured workers in Wisconsin under the state’s workers’ compensation system rose consistently in recent years largely as the result of increased prices …
The U.K.’s Hiscox Group, which operates as a retail insurer as well as running Lloyd’s Syndicate 33, reported a £32.5 ($46.5 million) loss for 2001, largely as a result of claims related to the attacks on the WTC. It also …
eReinsure.com, Inc., which provides e-commerce technology to the insurance and reinsurance industries, announced that Converium Holding Ltd. will use the eReinsure online negotiation platform to negotiate and manage transactions. It described the decision as underscoring the growing acceptance of Internet …
Liberty International Underwriters (LIU), a division of Liberty Mutual Group, has contracted with New-Hampshire based Cogentric to utilize Cogentric’s Alcon Security Systems to help businesses manage cyber risks. LIU will now offer coverage for Internet-related errors and omissions, copyright infringement, …
Spring is in the air, and that means conventions, conventions and more conventions for insurance agents and brokers. The first is the upcoming Orange County “I” Day, to be held April 23 at the West Coast Anaheim Hotel in Anaheim. …
By allowing this increase, the Department of Motor Vehicles (DMV) will be allowing an unnecessary burden on the California public, who would, eventually, be the ones paying for the increase.” Those were the sentiments of Andre Urena, president of the …
Although workers’ compensation coverage affords insurance for injuries and disease incurred in the employment relationship, it does not extend to other employment-related claims, such as claims of discrimination or wrongful termination. When these claims arise, insureds are often left with …
The impact of the terrorist attacks of September 11th on the property/casualty insurance industry can hardly be overstated—the largest catastrophe loss ever; an unprecedented convergence of coverages, creating a previously unimaginable combination of huge losses from widely divergent lines of …
