Meadowbrook/TPA Associates, a third-party administrator of self-insured workers’ compensation programs, announced it is distributing $2,475,000 in dividends to 475 Massachusetts businesses that are members of the self-insured groups it manages. The groups under management are the Commonwealth Transportation Compensation Corporation …
Louisiana Attorney General Charles C. Foti, Jr., reported that special agents from his office, in a joint effort with members of the fraud section of the Louisiana Department of Insurance, arrested Walter Glenn McMillan, Jr., 4705 Shadeland Drive, Baton Rouge, …
Minnesota sued insurer American International Group Inc. last week rather than accept a settlement that could have been worth $1.2 million. Attorney General Mike Hatch said he estimates the state could be owed as much as $10 million, so he …
U.S. terms for approving an Arab company’s takeover of operations at six major American ports are insufficient to guard against terrorist infiltration, the chairman of the House Homeland Security Committee said. “I’m aware of the conditions and they relate entirely …
Standard & Poor’s Ratings Services announced that it has assigned its “BBB-” long-term and “A-3” short-term corporate credit ratings to Kuwait-based holding company Kuwait Projects Co. (Holding) K.S.C. (KIPCO) with a positive outlook. S&P noted: “KIPCO has controlling stakes in …
According to Lloyd’s newly released annual underwriter survey, “managing the insurance cycle as the most important challenge facing the global industry for the second year running.” The survey also found that “nearly 90 per cent of underwriters believe that windstorm …
Alabama HB627, defining insurance fraud and making it easier for Insurance Commissioner Walter A. Bell to join in with neighboring states to crack down on fraud, has gained the support of the Alabama Independent Insurance Agents. During AIIA’s Young Agent’s …
California Insurance Commissioner John Garamendi has announced new workers’ compensation regulations that will require all insurers to submit certification forms that verify that claims adjusters and medical bill reviewers meet the new minimum standards of training and/or experience. Effective Wednesday, …
Insurity, which provides processing services and technology to the property casualty insurance industry, has hired Sergio Oyola as regional vice president, sales, and Mark Menard as client executive, compliance reporting. Oyola will be responsible for marketing and selling all Insurity …
The American Insurance Association said that hopes were dashed last week when supporters witnessed HB 4979, an Illinois court venue reform proposal, go down in defeat in the Ill. House Judiciary I – Civil Law Committee on a partisan vote …
