The commercial insurance industry experienced a full year of a soft market conditions in 2004, as the last months of the year represented the fourth consecutive quarter of declining prices, according to the RIMS Benchmark Survey of property/casualty policy renewal …
Industry Gets Victory on Class Action But Reason to Worry Over TRIA Eliot who? The name Eliot Spitzer was never spoken during a recent gathering of insurance brokers and federal lawmakers in Washington, D.C. At the annual legislative summit organized …
Back to Earth and Up to Albany for N.Y.’s Excess & Surplus Marketplace After setting records in 2004, the excess and surplus market in New York is expected to calm down this year, as the tremors from the Sept. 11 …
When word spread that people injured by the fen-phen diet drug cocktail could share in a multibillion dollar legal settlement, law firms began sponsoring health screenings so large that a judge quipped that one doctor’s work “would have been the …
Michael Miller The St. Paul Travelers Companies Inc., headquartered in Saint Paul, Minn., promoted Michael Miller andBrian MacLean to the newly created positions of chief operating officers. Miller is responsible for the specialty business and regional executive organization, and MacLean …
Two former top officers of collapsed Reciprocal of America are scheduled for sentencing in June for their roles in what a federal prosecutor called one of Virginia’s biggest insurance fraud cases. Kenneth R. Patterson was the president and CEO and …
Delaware Insurance Commissioner Matt Denn has outlined plans to reform his office structure in order to focus it on consumer protection. Denn also retracted his predecessor’s request for funding from the state’s general fund. “I will run the Insurance Commissioner’s …
Pennsylvania’s four Blue Cross health insurance corporations may retain cash surpluses that amounted to $3.9 billion at the end of 2003. Insurance Commissioner Diane Koken’s recent ruling ended a two and one-half year process by also establishing how much extra …
Acting Gov. Richard J. Codey has accepted the resignation of Banking and Insurance Commissioner Holly C. Bakke. In her resignation letter, Bakke indicated her desire to spend more time with her son and to become more involved with her community. …
New York City will appeal a judge’s ruling against the state ban on same-sex marriages, Mayor Michael Bloomberg said. The mayor said that while he believes such marriages should be permitted, he wants the issue to be settled in the …
