Missouri Department of Insurance (MDI) Director Scott B. Lakin today said the state must act quickly to reverse a 2002 court ruling that has seriously disrupted Missouri’s medical malpractice market. Under the January 2002 ruling in Scott v. SSM Healthcare …
Recent investigations conducted by the Ohio insurance department’s fraud unit have led to three indictments of Ohioans attempting to defraud insurance companies, according to a statement released by insurance department. The lead case involved Fairfield County resident Brenda Johnson who …
The Wisconsin Office of the Commissioner of Insurance (OCI) has taken the following administrative actions. In many of these cases the respondent denied the allegations but consented to the action taken. OCI is responsible for overseeing the operations and marketing …
The Midwest Chapter of the Professional Liability Underwriting Society will host an industry leaders’ roundtable in Chicago. Featured speakers from each segment of the insurance industry include J. Patrick Gallagher Jr., CEO of Arthur J. Gallagher & Co., Greg Flood, …
Thousands of patients, physicians and other supporters of medical liability reform gathered in Chicago’s Daley Plaza to urge federal lawmakers to fix an out-of-control legal system that is seriously threatening patient access to quality health care. Because of unrestrained lawsuits …
Deterioration in operating profitability, weakened capitalization, inadequate loss reserves and greater retention levels continue to wreak havoc on the medical malpractice market, making it more challenging for those insurers willing to write new business, panelists told the recent PLUS Medical …
Connecticut-based The Hartford Financial Services Group, Inc. has reported a net loss of $1.4 billion for the first quarter of 2003 as a result of a previously announced increase in asbestos reserves. For the quarter ended March 31, 2003, the …
Tort reform was reportedly the major accomplishment of the 2003 Idaho legislative session. The session lasted a record 118 days due to a standoff between the Governor and legislators over the raising of certain taxes to address the state’s budget …
A New Hampshire Senate bill dealing with the interest rates on workers’ compensation awards is on the House floor this week and NAII is reportedly hopeful the measure will pass. “By bringing workers’ compensation interest rates in line with civil …
There is no need for the Maine State Legislature to create a Fair Access to Insurance Requirements (FAIR) plan, according to the American Insurance Association. AIA testified before the legislature’s Joint Insurance and Financial Services Committee in opposition to a …
