Vermont workers’ compensation rates are moderating for the third year in a row, Commissioner John P. Crowley of the Department of Banking, Insurance, Securities and Health Care Administration announced. Crowley approved a loss cost increase of 1.4 percent for the …
Former manufacturers of lead paint found liable last week by a Rhode Island jury for poisoning of children will have to pay to clean up properties with the contaminated paint but will not face punitive damages. Rhode Island Superior Court …
Lockton Companies, Inc., the Kansas City, Mo.-based privately owned insurance broker, has opened a New York retail office, vowing to target complex middle-market clients and take a focused approach towards the Fortune 1000 and selected industries. Since the first of …
An emergency rule that goes into effect March 1 in Georgia entitled “Unfair Trade and Claims Settlement Practices” limits consumers contractual liaiblities and according to the Insurance Commissioner’s Office, enables consumers to have their claims settled fairly. The commission website, …
FFVA Mutual Insurance Company of Maitland, Fla. has been awarded an A rating (Excellent) from A.M. Best Company. It also received a “stable” outlook rating, indicating it is experiencing stable financial/market trends. “This is a culmination of our commitment to …
Ohio Department of Insurance Director Ann Womer Benjamin reported the Department’s “Top 10” insurance fraud cases for 2005, which involved a total of more than $5.5 million. The Department reorganized its Office of Investigative and Licensing Services in 2005 to …
Having paid out more than $30 billion in claims over the past two hurricane seasons in Florida, the Florida Insurance Council will ask lawmakers this legislative session, to push mitigation efforts to combat the destructive forces of future storms. The …
Expanding its servicing capabilities for new and existing clients, Starr Technical Risks Agency, Inc. announced that it will begin immediately to offer commercial insurance coverages by ACE USA and Berkshire Hathaway Group. Starr Technical, which specializes in complex industrial risks, …
A three-hour continuing education “Ethics” course will be presented March 13 by Michele Schrotter, Bouchard Insurance training coordinator. The course, sponsored by the Florida SunCoast Chapter of Chartered Property and Casualty Underwriters, will be held from 5:30 to 8:30 p.m. …
The Michigan Office of Financial and Insurance Services issued a statement this week saying that a consent order requiring the Western and Southern Life Insurance Company was issued requiring the companies make amends for using race-based underwriting and rating practices. …
