The Texas Fair Access to Insurance Requirements (FAIR) Plan Association requested that the Texas Department of Insurance allow the Plan to increase homeowners insurance rates by an average of 12 percent statewide in order to cover future losses. The association …
The Louisiana Insurance Rating Commission approved a reduction in auto rates for two members of the United Services Auto Association group of companies. According to Associated Press reports, the two companies, United Services Auto Association and USAA Casualty Insurance Company—which …
Monterey County Sheriff’s Department arrested five business in sting concluding what has turned out to be one of the largest undercover insurance fraud sting operation in the history of Monterey County. Arrested were: · 40-year-old David Alan Long, owner of …
Torrance, Calif.-based Keenan, the largest privately held brokerage firm in California, announced that it has named Julia Chivers as senior vice president of Labor Relations. Chivers will oversee Keenan’s in-house labor relations department. Sean Smith, CEO of Keenan, said, “It …
Workers’ compensation costs per claim in Texas increased at double-digit rates for the third consecutive year, according to a new study by the Workers Compensation Research Institute. Workers’ compensation costs per claim remain among the highest of the states in …
Bermuda-based PartnerRe Ltd. announced that claims relating to its net exposure to an explosion at Algeria’s largest LNG (liquefied natural gas) plant earlier this week are expected to approximate $27-30 million. The explosion killed at least 27 and injured more …
Gov. Phil Bredesen’s call to action to reform the Tennessee workers’ compensation system this year is welcomed news, a representative of the National Association of Mutual Insurance Companies said Thursday. In a speech to the Tennessee Industrial Development Council, the …
Risk Management Solutions (RMS), a provider of products and services for the management of catastrophe risk, affirmed that its products can assist insurers in responding to the newly issued Supplemental Rating Questionnaire (SRQ) for terrorism risk issued by rating agency …
Insurers will have to make tough public policy decisions regarding whether the Terrorism Risk Insurance Act (TRIA) should be extended beyond its sunset date of Dec. 31, 2005, attendees at the ExecuSummit Conference in New York were told this week. …
Woodland Hills, Calif.-based Medical Diagnostic Associates, A Medical Corporation (MDIA), a leading national provider of Network Diagnostic Services, the expansion of its unique, high-quality Second Opinion program, designed to significantly reduce workers’ Ccmpensation costs. With MDIA’s Second Opinion service, expert …
