Monthly Archives: <span>April 2005</span>

NO HIKE IN MED-MAL RATES:

The largest writer of medical malpractice insurance in Massachusetts said it will not have to raise rates this year, after several years of double-digit hikes. ProMutual Group credited “improved financial strength” and “innovative patient safety initiatives that are having a …

Highway Patrol: Hazardous Cargo Haulers Face Criminal Background Checks

Up Until Now Trucking Firms Performed the Checks But the FBI is Taking Over the Job The truck drivers who haul cargo labeled as flammable, combustible, radioactive or poisonous are now going to be scrutinized as closely as the hazardous …

Identity Crisis: Coping With Today’s ID Thievery

Insurance, Recovery Services and Preventive Measures One in 23 adults can expect to be victimized this year by identity thieves, at a cost to Americans of more than $50 billion. That’s according to the 2005 Identity Fraud Survey Report from …

Chair-ity Work: Antiques Appraiser’s Suspicions Pay Off for Conn. Woman

To the uneducated eye, the matched pair of antique chairs was hardly worth a second glance. Finished in worn gold paint, the seats re-covered in brocaded fabric, they looked like the sort of thing a grandmother wouldn’t let any visitor …

Saving Pittsburgh’s Summer

With Rates Climbing and Underwriting Tightening, Outdoor Groups Try to Hang On So often, the industry hears about issues from the side of its own insurance agents or underwriters. This is a tale from the perspective of insureds on how …

People & Places

Gregory Case Aon Corporation announced the election of Gregory Case as president and chief executive officer. Case has also been elected to the Aon board of directors. Case succeeds Patrick Ryan, who has served as Aon’s CEO since the company’s …

Treasury Check

At a recent gathering of New York independent agents and executives in Westchester, a well-respected insurance company executive proceeded to give his impressions of what is happening in Washington with regard to the Terrorism Risk Insurance Act. He reported on …

RS Group of Companies Reports 2004 Year-End Growth

RS Group Of Companies Inc., a provider of pass-through risk specialty insurance, reinsurance products and affinity programs, announced the company has met its financial guidance for its gross profit in fiscal 2004. The company earned over $6.5 million in operating …

For Retail Risk Managers, Workplace Violence and Staff Turnover Proving Top Challenges

Workplace violence and staff turnover are cited by risk managers in the retail industry as among their biggest challenges to effectively managing their workers’ compensation exposures. According to a recent study conducted by Specialty Risk Services, industry statistics suggest that …

CA DWC Releases First Annual Report of Progress on Workers’ Comp Reforms

The California Division of Workers’ Compensation (DWC) has released its first annual report of progress on implementation of Senate Bill (SB) 889, the law authorizing workers’ compensation reform passed overwhelmingly by the Legislature and signed into law by Gov. Schwarzenegger …