Monthly Archives: <span>February 2006</span>

Iowa’s GOP Legislators Push Proposal to Cap Punitive Damage Awards

Republican legislative leaders in Iowa are hoping to cap excessive damage awards with a proposal that would slap a $500,000 limit on punitive damages assessed in medical malpractice lawsuits. Senate Republican President Jeff Lamberti said doctors are being forced out …

Litigating Claims Against the London Market Noted by Research and Markets

Research and Markets (http://www.researchandmarkets.com/reports/c32764) reported the addition of Insurance Coverage Dispute to their offering. The authors explain all aspects of litigating insurance coverage disputes in detail, including the varieties of policies and coverage, obligations of policyholders and insurers, and the …

Progress Reported on Ohio BWC 2005 Financial Audit

With the indictment of Tom Noe this week, the Ohio Bureau of Workers’ Compensation (BWC) re-asserted the hope that its 2005 financial audit will be completed soon. The bureau, along with the Auditor of State’s Office (AOS) and KPMG LLP …

NAMIC Hosts Commercial Lines Seminar in March at Sofitel Chicago

Indianapolis-based National Association of Mutual Insurance Companies is sponsoring a Commercial Lines Underwriting Seminar on March 1-3, 2006 at the Sofitel Chicago Water Tower in Chicago. The agenda stresses the need for commercial lines underwriters to constantly sharpen skills and …

Congress Backs Further Flood Insurance Borrowing; Sends Bill to Bush

As the fallout of the government’s response to Hurricane Katrina continues in Washington, D.C. this week during Senate Committee hearings, the U.S. House of Representatives on Wednesday approved and sent to President George W. Bush a bill to increase the …

GAO: FEMA’s Weaknesses Exposed Government in Hurricane Responses

As a result of widespread congressional and public interest in the federal response to hurricanes Katrina and Rita, the Government Accountability Office (GAO) conducted an audit of the Individuals and Households Program (IHP) under Comptroller General of the United States …

Iowa, Minn. to Host Free Life/Annuity Products Seminar at NAIC Meeting

The Iowa Insurance Division and the Minnesota Department of Commerce will host a free seminar on indexed life and annuity products on Saturday, March 4, 2006. The seminar, “Indexed Products: Fact and Fiction” will be held in conjunction with the …

Insurers Face Challenges as Injured Veterans Return from War

Employers and their insurers need to be prepared for the tens of thousands of physically injured veterans returning from conflicts in Iraq and Afghanistan, according to the Insurance Information Institute (I.I.I.). “Workplace injuries that are primarily the result of injuries …

Mercator Risk Services Adds Munson as Midwest Regional Sales Executive

Mercator Risk Services, the newly formed, independent wholesale insurance broker, reported the hiring of Matt Munson as senior vice president — Regional Client Relationship Manager for the Midwest. Munson has more than 25 years of diversified client executive and business …

Ky. AG Opens Investigation Into Allegations Against Anthem BC and BS

Total Benefits Planning Agency Inc. reported that the Kentucky Attorney General’s office has opened an investigative file to look into allegations it made against insurance giant Anthem Blue Cross and Blue Shield. The investigation follows a lawsuit the employer benefits …