May 30, 2003
Markel American Insurance Company (rated “A X” by A.M. Best) is teaming up with Water Warriors to support Special Olympics. Water Warriors is an organization that operates as a branch of Special Olympics Michigan. Their main goal is to raise …
May 30, 2003
A highly anticipated tort reform measure has passed the Oklahoma House of Representatives by a wide margin, according to the American Insurance Association (AIA). The bill, which arose from a task force empanelled by Governor Brad Henry (D), is reportedly …
May 30, 2003
Four California Insurance Commissioners and the California Supreme Court reportedly agree – the use of territory as a factor in determining automobile insurance rates is fair and equitable under Proposition 103 passed in 1988. On Thursday, The Personal Insurance Federation …
May 30, 2003
Robert Mister, a Leonardtown, Maryland carpenter, pleaded guilty to insurance fraud when he admitted to unlawfully collecting workers’ compensation insurance benefits from IWIF, Maryland’s largest workers’ compensation insurance carrier, in Baltimore County District Court earlier this month. IWIF’s Special Investigations …
May 30, 2003
Maryland-based Injured Workers’ Insurance Fund (IWIF) is hosting free policyholder seminars around the state from June through November. The half-day seminars feature a multi-media format that focuses on safe working habits and effective loss control practices that reduce injuries and …
May 29, 2003
The National Association of Independent Insurers has issued a bulletin commenting on its recent filing of an amicus brief, which opposes a New Jersey appeals court’s conclusion that wrongful death and survival actions are two separate and distinct causes of …
May 29, 2003
Three of last year’s top five companies, Chubb Group, NLC Insurance Cos. and Progressive, were again ranked among the top five performers in the second company performance survey conducted by the Professional Insurance Agents of Connecticut Inc. “Chubb Group and …
May 29, 2003
The National Association of Independent Insurers praised the New Hampshire Senate on passing H.B. 684, an insurance regulatory modernization bill that the NAII said “will make it easier for insurers and consumers to transact business in the state.” The bill …
May 29, 2003
The National Association of Independent Insurers issued a bulletin indicating that the Massachusetts Senate Ways and Means Committee’s version of the state’s budget includes several provisions that will cause problems for property/casualty insurers. “Although the Senate version does not impose …
May 29, 2003
Standard & Poor’s Ratings Services announced that, following a review, it has affirmed its ‘BBB-‘ long-term counterparty credit and insurer financial strength ratings on Italian marine insurer SIAT – Societa Italiana Assicurazioni e Riassicurazioni SpA (SIAT), and assigned them a …