Senate Republican leaders have introduced vital class action litigation reform legislation, and the move was immediately praised by the American Insurance Association (AIA). “We are very encouraged that Senate Republican leaders are making the Class Action Fairness Act (S. 5) …
MBA Holdings announced that its subsidiary, National Motorcycle Dealers Association (NMDA) has entered into an agreement with Zurich Financial Services, a leading insurance-based financial services company and insurance provider to underwrite the motorcycle rental insurance it provides for sale through …
Willis Group Holdings Ltd. has signed a definitive agreement to acquire PRIMARY Worldwide Corporation, an insurance broker based in Los Gatos, California. With annual revenues of approximately $4 million, PRIMARY provides group benefits insurance brokerage and human resources consulting and …
Florida reforms including the establishment of an insurance watchdog to oversee policyholder’s rights and argue on behalf of customers in rate cases have been suggested by Sen. Ron Klein, D-Boca Raton. The senator, from storm-prone southeast Florida, is formulating a …
Massachusetts insurance agents are urging the state to appeal a recent court ruling that permits banks selling insurance in the state to skirt certain consumer protections imposed by the state legislature. The Massachusetts Association of Insurance Agents said it is …
A new physician liability insurance company has been established in northeastern Pennsylvania. Officals at Northeast Physician Risk Retention Group, Inc. said they organization has been approved in Pennsylvania to offer medical professional liability insurance to physicians and surgeons of all …
A national insurance trade association is requesting that the Illinois Supreme Court enact a rule that would set standards for class-action lawsuit certifications that are in line with federal requirements and those in most other states. In a written statement …
Itasca, Ill.-based brokerage Arthur J. Gallagher & Co. reported fourth-quarter net income of $49.1 million, down from $49.2 million a year ago, though revenue was up 6 percent to $386.9 million. The results fell short of analysts’ estimates of 56 …
More than one in four auto accidents resulted in bodily injury liability (BI) claims in 2003, according to a recent study by the Insurance Research Council (IRC). The study, Trends in Auto Injury Claims, 2004 Edition, reveals that BI claim …
The American Insurance Association on Tuesday called upon the Vermont State Legislature’s House Commerce Committee to reject a bill (H. 79) that would expand underinsured motorist coverage and increase auto insurance costs for consumers in the state. The bill would …
