GAO Study Explores Examples of How Public-Private Insurance Partnerships Operate A new U.S. government report indicates that the private U.S. insurance industry would be placed under enormous strain without government intervention if there were a major terrorist or catastrophic event …
Part Two: Picking the Right Partner and Other Keys to Making It Work What would happen if Amazon.com decided to start selling residential real estate? This may sound like a wild-haired idea, but it illustrates a point begun in Part …
More and More Star College Athletes Score an Insurance Contract Before Going Pro One of the top collegiate football players in the country blows out a knee in his final game before hoping to go professional. For some star college …
How do you convince overworked state prosecutors to chase down often stale-sounding insurance swindles when their case files already are bulging with high-profile crimes such as drugs, robbery and murder? Insurance-fraud laws are great motivators: State prosecutors can convict con …
Online information about whether a Minnesota employer has the required workers’ compensation coverage is now available to the public on the Minnesota Department of Labor and Industry Web site (www.doli.state.mn. us). Interested parties can learn whether an employer had workers’ …
Republican Gov. Matt Blunt signed two major items off his legislative to-do list when he signed industry-backed workers’ compensation and tort reforms into law recently. Both sets of reforms were stymied under previous Gov. Bob Holden, a Democrat. The tort …
As planned, a group of Michigan property/ casualty insurers has filed a lawsuit challenging the state’s new rule set banning their use of credit scores in auto and homeowners insurance and reducing base rates. According to Crain’s Detroit Business, the …
CHICAGO–Five words summed up the mood at this year’s Professional Liability Underwriting Society’s medical symposium: “The crisis aspect is over.” Thus spake Howard Friedman, chief financial officer at medical liability insurer Proassurance Corp., during one of several panel discussions at …
JEFFERSON CITY, Mo.–The House recently passed legislation that would tighten regulation of medical malpractice insurers as part of an effort to bring down premiums for physicians. The 141-11 vote sends the bill to the Senate. Sponsoring Rep. Richard Byrd said …
SPRINGFIELD, Ill.–Members of a government oversight committee haccused Gov. Rod Blagojevich’s administration of mismanagement for its handling of an auto insurance fund that ran out of money. The $1.6 million insurance fund ran dry in October, leaving no money to …
