The Center for Justice & Democracy, a national consumer organization that monitors insurance industry practices, applauded the Washington State Office of the Insurance Commissioner for ordering the state’s largest medical malpractice insurance carrier to refund $1.3 million to doctors. Physicians …
Seattle-based Physicians Insurance A Mutual Company, an insurer that provides coverage to physicians and other health care providers, acknowledged the regulatory actions taken by Washington’s Office of the Insurance Commissioner and expressed its commitment to improving its compliance with Washington …
The ACE Group of Companies announced that California Superior Court Judge James Warren has entered judgment in favor of several ACE companies in a lawsuit brought against Insurance Company of North America, INA Financial Corporation, ACE Property and Casualty Insurance …
Farmers Insurance Group of Companies announced it will lower rates for its auto customers in the state of Colorado. Effective April 1, 2005, Farmers’ customers in Colorado will see a rate decrease that will average 3.2 percent. Actual savings may …
If a Washington measure becomes law, responsible pet owners who take care of their animals will face higher insurance costs to subsidize rates for others with dogs more likely to bite, according to the American Insurance Association. AIA is urging …
In an annual statement filed with the California Department of Insurance, State Compensation Insurance Fund documented that its policyholder surplus–assets minus claims reserves and other liabilities–increased by $776 million. Policyholder surplus increased to $2.862 billion from $2.086 billion at year-end …
A Sacramento County court ruled that California’s quasi-public State Compensation Insurance Fund cannot require businesses to have separate workers’ compensation insurance policies for employee leasing companies, according to the Sacramento Bee. The decision upheld Insurance Commissioner John Garamendi’s authority to …
It’s been almost a year now since California Governor Arnold Schwarzenegger signed SB 899 into law, giving the state’s troubled workers’ compensation system an overhaul on April 19, 2004. Businesses expected their workers’ comp premiums to go down as much …
You’ve read the papers and articles about New York Attorney General Spitzer’s investigation. How do you feel about the specific allegations and facts that have been revealed? If you’ve read them carefully, you probably feel sick about them. This is …
In an effort to avoid losing businesses to other states, lawmakers in Oklahoma are seeking to control costs for business residents through workers’ compensation reform. Deemed “broken” by Republi-can House Spea-ker Todd Heitt, Oklahoma’s workers’ comp system has moved to …
