The head of a Maryland Senate committee developing legislation to deal with rising medical malpractice premiums said the panel should finalize its proposal at its next meeting in two weeks, and doesn’t think a special legislative session can be held …
Pasadena, Calif.-based PAULA Financial reported net income for the first nine months of 2004 of $915,000 or $0.14 per share compared to $885,000 or $0.14 per share for the 2003 period. Total revenue for the first nine months of 2004 …
Maine has joined a nationwide investigation into price fixing and other abuses in the insurance industry. Maine Insurance Superintendent Al Iuppa said his department is working with the National Association of Insurance Commissioners as part of the information-gathering part of …
Marsh & McLennan Companies Inc. (MMC), parent to insurance broker Marsh, announced that five members of its board of directors, who are also executives of the company, have stepped down from their positions on the board in keeping with promises …
The Florida Office of Insurance Regulation has issued an order to the Citizens Property Insurance Corporation (Citizens) to conduct a review of its rates to assure they meet statutory guidelines. The Legislature ordered Citizens to adjust its wind-only rates on …
A multi-state settlement with UnumProvident Corp. over its disputed handling of disability claims would cost the firm more than $120 million to comply and require it to review more than seven years of claims. It also calls for $15 million …
The Independent Insurance Agents and Brokers of Louisiana (IIABL) reported it has established the Louisiana Big I Network to offer alternative markets for agencies that are restricted because of premium volume. What distinguishes Louisiana Big I Network from other cluster …
Far more people have died in Texas motor vehicle collisions with animals than in any other state. Many of these fatalities could have been prevented if motorists had worn seatbelts or motorcyclists had worn helmets. A new study by the …
Novato, Calif.-based Fireman’s Fund Insurance Company announced that commercial customers may now have access to new Internet-based tools that aid in planning for and recovering from disasters. Called “Open for Business,” the tool is now accessible to commercial policyholders when …
Commissioner John Garamendi on Thursday announced a major lawsuit against Universal Life Resources of San Diego and four major insurers accused of hiding millions of dollars in secret commissions. During a news conference to announce the action, the Commissioner also …
