Connecticut Governor M. Jodi Rell has directed Insurance Commissioner Susan Cogswell to hold a public hearing on malpractice insurance rate increases, including one of nearly 90 percent, following requests from the state’s doctors, trial attorneys and Attorney General Richard Blumenthal. …
The Maryland House and Senate overrode Gov. Robert Ehrlich’s veto of medical malpractice bill that includes a 2 percent premium tax on HMOs. The $64 million estimated revenues from the tax in the first year will be used to help …
On Jan. 10, 2004, Texas State Senators Rodney Ellis of Houston, Gonzalo Barrientos of Austin and Eliot Shapleigh of El Paso announced their intent to file a bill in the legislative session that began Jan. 11 that would ban the …
U.S.I. Holdings Corporation announced its intent to acquire Falls Church, Virginia-based Patterson/Smith Associates. Patterson Smith is expected to contribute approximately $11 million of revenues to USI on an annual basis. The consummation of the transaction is expected to occur in …
Florida-based Bass Underwriters Inc. has announced that the opening of their Northern California division that provides service to California. The office is located at 3433 American River Drive, Suite A, Sacramento, CA 95864. Phone number is (916)-973-0311. Fax number is …
Ted Pierce, executive director of the Surplus Line Association of California (SLA) released the annual filed premium analysis demonstrating that $5,518,895,627 in surplus line insurance premiums were processed in 2004. The $5.5 billion in surplus line premium represents 441,221 insurance …
Bermuda-based PartnerRe Ltd. on Tuesday estimated that claims relating to its exposure to the earthquake and resulting tsunami in Southeast Asia on Dec. 26, 2004 are expected to be between $25-$35 million. PartnerRe President & CEO Patrick Thiele said, “This …
Zurich Financial Services Group (Zurich) announced that the Insurance Commissioner of the State of California, as liquidator of the Superior National Insurance Companies (the “Liquidator”), and Centre Insurance Company (“CIC”), have settled longstanding differences between them regarding CIC’s transactions with …
Any fears of a drought this year in California are likely going by the wayside. Heavy rains hammered the state again on Tuesday as authorities reported four people were killed and more are missing in a mudslide in La Conchita, …
Calling the practice discriminatory and unfair, Texas State Senator Rodney Ellis of Houston announced he and Senators Gonzalo Barrientos of Austin and Eliot Shapleigh of El Paso will file a bill that bans credit scoring as a underwriting guideline for …
