New Jersey lawmakers have approved a number of major changes to the Garden State’s workers’ compensation insurance system. The reforms comprise a package of six bills that, among other things, more harshly punish insurers for failure to pay claims (S1913) …
Massachusetts insurance agents and one of the state’s biggest auto insurers have gone to court seeking to overturn state rules that they say give new carriers an unfair advantage under the new managed competition system. They are also challenging a …
Fitch Ratings has assigned an ‘AA-‘ rating to Florida Hurricane Catastrophe Fund (FHCF) Finance Corp.’s $625 million series 2008A revenues bonds. Fitch said the rating is based on the breadth and stability of the revenue streams that constitute the pledged …
Oregon’s Department of Consumer and Business Services’ Workers’ Compensation Division received notification of 35 compensable fatalities in 2007, the third lowest number reported since the state began tracking the statistic in 1943. According to DCBS’ statistics, the construction industry faced …
China INSOnline Corp., a licensed insurance provider operating a web portal in the People’s Republic of China, has been approved by for the listing of its common shares on the NASDAQ Capital Market. The insurance company began trading under an …
Unigard Insurance company of Bellevue, Wash., awarded 12 $1,000 scholarships to help defray the costs of a college education. Four scholarships went to dependents of the company’s employees, four went to dependents of staff employed at the company’s Permier Partner …
Gallagher Benefit Services in Bellevue, Wash., named Kevin Cipoletti as area vice president, sales and marketing. He has more than 20 years of employee benefits experience, working in various management and sales positions in the employee benefits industry. Previously, he …
Venbrook Insurance Services has made two promotions. Bryan Nuesca was promoted to senior vice president of brokerage sales. He will be working in the Woodland Hills, Calif., offices. Nuesca has been with Venbrook for 12 years, previously having overseen the …
Burbank, Calif.-based Frasco Inc., which provides insurance and corporate fraud mitigation services in the west, hired Sam King to head its special investigative unit and program management business units.King comes from MJM Investigations Inc., where he served as the senior …
Reliable estimates reveal that between 50 to 70 percent of homeowners do not have enough insurance to rebuild their homes in the event it is completely destroyed, an insurance industry trade group Southwestern Insurance Information Service (SIIS) says. “It is …
