California’s workers’ comp market reached yet another boiling point recently when the State Compensation Insurance Fund filed suit against Insurance Commissioner John Garamendi and the Department of Insurance (CDI) May 28, alleging the Commissioner has attempted to illegally usurp control …
The Hospital & Healthsystem Association of Pennsylvania (HAP) released the following statement by President and CEO Carolyn F. Scanlan in response to the release of a report, prepared by the The Project on Medical Liability in Pennsylvania, entitled “Understanding Pennsylvania’s …
While medical malpractice insurance reform proposals remain stalled in the New Jersey Legislature, some of the state’s physicians have decided to take matters into their own hands. They’re calling on the Board of Medical Examiners to reduce malpractice insurance requirements …
New York’s Superintendent of Insurance Gregory V. Serio and Suffolk County District Attorney Thomas J. Spota announced the arrest of Michael C. Cammarota, 57, a life insurance agent and owner of Descap Financial Services, in Hauppauge, New York, on charges …
Bermuda-based PartnerRe Ltd. announced that Kevin M. Twomey has been appointed to its Board of Directors. Twomey, 56, is the President and CEO of the St. Joe Company, a real estate operating company engaged in residential, resort and commercial development. …
Montpelier Re Holdings announced that it has filed a Registration Statement with the Securities and Exchange Commission, at the request of shareholders for the sale of up to 5.4 million shares of its common stock. The Bermuda-based reinsurer was established …
The U.K.’s Royal & SunAlliance announced today that it has agreed to sell Royal Specialty Underwriting, Inc. (RSUI), its U.S. surplus lines division, to Alleghany Insurance Holdings LLC for “around £72 million ($115 million), payable in cash and subject to …
A San Diego physician indicted on 23 counts of workers’ compensation-related insurance fraud and perjury has been arrested after a joint undercover investigation by the California Department of Insurance (CDI) Fraud Division, the San Diego County District Attorney’s Office, and …
California Insurance Commissioner John Garamendi released the following statement in response to the lawsuit filed June 4 by the Personal Insurance Federation of California; the Association of California Insurance Companies and the American Insurance Association. “I will do everything possible …
California Insurance Commissioner John Garamendi issued a decision June 6 on the Workers’ Compensation Insurance Rating Bureau’s (WCIRB) July 1, 2003 pure premium rate filing that was submitted on April 2, 2003. The Insurance Commissioner approved a 7.2 percent increase …
