In an effort to help alleviate the shortage of affordable workers’ compensation insurance for California’s sizable health care industry workforce, Compensation Risk Managers (CRM) has begun offering coverage to health care workers through a new program called Healthcare Industry Self …
New York Attorney General Eliot Spitzer signaled today he believes investigations of the insurance industry have only “scratched the surface” thus far of questionable activities and that additional probes are needed into off-shore insurers, insurance rating organizations and the investment …
Houston-based HCC Insurance Holdings Inc. announced it has reached an agreement to acquire United States Surety Company (USSC) for an undisclosed consideration payable in HCC shares. The transaction is subject to signing a definitive agreement and regulatory approval from the …
Despite charging that too many state insurance regulators have become “industry captives,” Connecticut Attorney General Richard Blumenthal is rejecting calls for federal intervention in the regulation of insurance and instead urging more aggressive state action against improper activities by insurance …
The nation’s largest independent insurance agency group will go before a Senate subcommittee in Washington today to attempt to put some distance between large insurance brokers facing allegations of illegal activities and account steering and local independent agents who have …
NIP Specialty Brokerage LLC of Woodbridge, N.J. has added two senior brokers to its growing team. Shawn Young is a casualty insurance specialist with experience in general liability, products liability, auto liability and excess/umbrella placements. Young comes to NIP Specialty …
Richard J. Codey, long time Democratic legislator and local independent insurance agent in his West Orange community, became New Jersey’s acting governor at the stroke of midnight. Codey assumed the office from James McGreevey, who resigned following his admission of …
New York Superintendent of Insurance Greg Serio, speaking on behalf of the nation’s state insurance commissioners, will tell a Senate subcommittee today that state regulators play a critical role in guaranteeing a fair and healthy insurance system even though what …
The Council of Insurance Agents & Brokers said today it is “misguided” to presume that brokers and insurance carriers must be in an adversarial relationship to best serve their commercial customers. In testimony prepared for delivery before a Senate subcommittee, …
In what state legislators call a looming medical malpractice insurance crisis, the debate has focused on trial lawyers and incompetent doctors. Less attention has been paid to the Medical Mutual Liability Insurance Society of Maryland, whose rate increases for 6,000 …
