Say Hurricane Katrina and you immediately think of New Orleans; say Hurricane Katrina and insurance coverage, and the story is different. At the nine-month anniversary since the storm made landfall, of all the Mississippi coverage cases that have been filed, …
970,000 American International Group Inc. confirmed the theft of computer equipment containing personal information on about 970,000 individuals. The theft took place on March 31 at one of AIG’s Medical Excess L.L.C. unit offices in the Midwest. 1,700 Connecticut motor …
Blink blink “Someone’s going to have to blink soon.” Ted Kelly, chairman, president, and CEO , Liberty Mutual Group Inc., speaking about the industry’s pricing discipline in the face of diminishing capacity, especially in coastal areas. Down the road “Given …
The virtual, global economy challenges, humbles insurance leaders Insurance agents and executives have a lot to worry about as the fast-paced virtual economy takes hold. According to futurist Edie Weiner, they are right to be worried. She says there are …
The National Association of Insurance Commissioners unanimously elected New Hampshire Insurance Commissioner Roger Sevigny as secretary-treasurer of the association at the NAIC summer meeting last month in Washington. D.C. The elction places him in position to be president of the …
The U.S. Senate Judiciary Committee last month received testimony on whether to continue the insurance antitrust exemption contained in the 1945 McCarran-Ferguson Act. This law placed responsibility for insurance regulation with the states and has permitted insurers to employ joint …
Speak up winner Speaking up has its rewards. Just ask Debbie Wentworth. Wentworth, who works at Maine Employers’ Mutual Insurance Co. (MEMIC), won the National Association of Insurance Women’s Communicate with Confidence Speak-Off recently. Wentworth won local, state and regional …
Wal-Mart and other retailers challenged Maryland’s new law requiring Wal-Mart to spend more on employee health care, arguing before a Baltimore judge recently that only the federal government may dictate health spending by private companies. Maryland’s law requiring large employers …
Workers’ Comp Middle Market Nuts & Bolts: PointSure Insurance Services is offering workers’ compensation for middle market and loss-sensitive plans, with broad risk appetite. Premiums are in excess of $130,000 with guaranteed cost and loss-sensitive plans. Experience modification factors are …
An increasing number of Pennsylvania businesses are paying thousands more for workers’ compensation than necessary because of our state law’s vague treatment of subcontractors. While businesses must buy coverage for employees, many businesses use subcontractors instead of employees. What is …
