Stock Prices: In terms of stock prices for property and casualty brokers, the year was mixed. With its stock up 54 percent, Aon experienced a remarkable year. However, Marsh and McLennan’s woes continued as its stock traded down 19 percent. …
New Mexico’s Personal Insurance Credit Information Act (PICIA) took effect Jan. 1. According to the Rocky Mountain Insurance Information Association, PICIA requires insurance companies to limit the use of credit information when selling, rating or renewing auto or homeowners insurance. …
Non-Standard Medical MalpracticeNuts & Bolts: NAS Insurance Services has broadened its non-standard medical malpractice insurance to virtually all physicians specialists — plastic/cosmetic surgeons, emergency room physicians, lasik surgeons, orthopedics, etc. — except for obstetrics and bariatric surgeons. Dollars: Limits of …
The surplus lines market remains alive, healthy and stable. Few argue with the success of this niche-based market, which has risen from 4 percent in 1984 to almost 15 percent of the insurance market in 2005. The National Association of …
MiscellaneousJones v. County of Missoula (Montana, Jan. 4, 2006) Ruling: At issue on this appeal was whether the county deprived citizens of their constitutional right to participate in the operation of government by failing to give citizens proper notice of …
Chris R. Alcala of Los Angeles has filed a petition for class action against California’s State Fund Compensation Insurance Fund for mispaying for interpreting services. According to the petition, SCIF paid $45 — instead of the mandatory $90 fee required …
Anticipating and assessing risk, along with defining and assigning value to units of exposure, are basic components of an insurance underwriter’s job. Challenging as those tasks are when examining well-known exposures, assessing risk becomes doubly daunting when faced with previously …
Colorado legislators are considering an amendment that would eliminate a requirement for auto insurance customers to purchase compulsory coverage to pay for emergency medical care services. The proposal was offered as an amendment to SB19 during a Senate Health and …
Insurers are cultivating California’s economy. In fact, the insurance industry benefits “the economic security of California and its citizens through claims and benefits paid to policyholders; investments in California’s infrastructure, housing, transportation, education and business growth; the generation of more …
A doctor has pleaded not guilty to charges of bilking insurance companies by arranging unneeded surgeries with the cooperation of patients. Dr. Mamdouh Bahna, 58, who entered his plea in federal court, was taken into custody Jan. 1, Assistant U.S. …
