Legislation that would prohibit insurers’ use of credit information narrowly advanced out of the Colorado Senate State Affairs Committee on a 4-3 vote and will be opposed by the insurance industry on the Senate floor, according to the Property Casualty …
Washington Insurance Commissioner Mike Kreidler announced March 22 that he is closing the voluntary Market Assistance Program for medical malpractice insurance due to a lack of business. Kreidler pointed out that the availability of medical malpractice insurance is improving and …
A bill requiring building contractors to carry at least $300,000 in liability insurance recently passed the Senate and will now go to Governor Dirk Kempthorne, according to the Idaho Press-Tribune. The bill, which passed 23-11, also requires contractors to register …
A bill recently signed into law by Wyoming Governor Dave Freudenthal will create a medical review panel in the state, according to the Associated Press. The goal of the panel is to eliminate frivolous medical malpractice lawsuits. Physicians say that …
The California Insurance Guarantee Association, an organization that pays the claims of insolvent insurance carriers, recently announced that Executive Director Lawrence Mulryan will retire after 13 years of service. Mulryan will continue to serve as executive director until June 30, …
Maurice “Hank” Greenberg will step down as Chairman of American International Group’s Board of Directors, ending his more than 40-year relationship with AIG. Also, Warren Buffett, the well-known investor and chairman of Berkshire Hathaway, owner of General Reinsurance, one of …
What a time it is to own a home. It seems that news of natural disasters and the havoc they’ve wreaked dominate headlines across the nation–even the world. In the past couple of months, global citizens have fought off tsunamis, …
The success or failure of any organization can be traced to customer retention. Agents and carriers who retain the most customers have greater long-term success and profitability than those who consistently lose clients. While many elements help keep retention rates …
Texas Mutual Insurance Company reported that RBH Enterprises Inc. of Keller, Texas, recently pleaded guilty to a first-degree felony offense for workers’ compensation insurance fraud-related charges. Judge Julie Kocurek of the 390th Travis County District Court ordered the company to …
The Texas Department of Insurance has approved continuing education credits for insurance adjusters for breakout sessions offered at the 9th Annual Safety and Health Conference on May 11-12 in Austin. Attendees at the conference, also known as the Texas Safety …
