With data showing an improvement in loss costs in Texas, Medical Protective, an admitted medical professional liability insurer, said it would reduce malpractice premium rates for Texas physicians by 6 percent effective July 1, 2006. The company noted that this …
Jim Donelon became Louisiana’s Commissioner of Insurance on Feb. 16 following the retirement of J. Robert Wooley. Donelon previously served as the insurance department’s Executive Counsel and Chief Deputy Commissioner. The 61-year-old Donelon is a native of New Orleans and …
Owners of mid-size companies used to make relatively easy, straightforward decisions on what types of insurance to buy. They would purchase property insurance for the buildings; liability for the autos, premises and products; and workers’ compensation for employees who could …
According to a new report released by GE Insurance Solutions, massive growth along the nation’s coastlines has dramatically increased the potential for insured losses, even without a cyclical increase in the frequency and severity of hurricanes. In a paper entitled …
The American Tort Reform Association recently urged Wisconsin legislators and the governor to restore limits on noneconomic damages for medical liability lawsuits in light of the Milwaukee Bar Association’s promotion of a seminar designed to teach plaintiffs’ lawyers on how …
Owners of mid-size companies used to make relatively easy, straightforward decisions on what types of insurance to buy from their local agent. The owners would purchase property insurance for the buildings; liability for the autos, premises and products; and workers’ …
Mo. police arrest two people in fake license scam Authorities in Grain Valley, Mo. have arrested two people suspected of making illegal license tags. Police believe the large-scale operation has already brought in $10,000 to $20,000 for those involved. The …
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 …
That the affluent expect a luxury experience sounds like a self-evident fact. But, how many companies really know what defines a “luxury experience” for the affluent? And an even tougher question: how many companies can deliver that “luxury experience”? It …
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 …
