Subprime and Credit Crisis Filings Show No Sign of Abating Is litigation stemming from the subprime- and credit crisis-related activity increasing directors’ and officers’ insurance premiums? Despite the steady flow of new securities litigation during the first half of 2008, …
Liberty Mutual downplayed its recent victory when the New York Supreme Court declared that contingent commission agreements are not illegal. “Contingent commission agreements between brokers and insurers are not illegal, and, in the absence of a special relationship between the …
Key to Growth: Become Remarkable, Indispensable to Your Customers Scott Addis’ biggest pet peeve is the way consumers perceive insurance agents. After an unpleasant encounter with a stranger at a cocktail party who, upon learning that Addis was an insurance …
Insurance company Amerigroup Corp. said July 22 that it has agreed in principle to settle for $234 million a lawsuit accusing it of discriminating against pregnant women and other high-risk patients. The settlement includes $225 million to be paid to …
In a twist to a scandal that has rocked the insurance industry in the past several years, a New York appeals court recently ruled that contingent commissions paid out by Boston-based Liberty Mutual Group Inc. are not illegal. The ruling …
$235 Million Ohio businesses that aren’t paying insurance bills to cover injured workers can expect a visit from the state. The Ohio Bureau of Workers’ Compensation said July 16 that it is creating a compliance unit to pursue businesses with …
The letter from the Palatine Insurance Co. to the independent insurance agency, written in the dawn of a new century began: “The insurance business is experiencing perilous and unprecedented challenges …” The date: 1921. As the saying goes, everything old …
A judge approved an $18.2 million settlement from the government for a Milwaukee, Wis., family whose daughter suffered brain damage during birth at a federally funded clinic. The lawsuit was argued in U.S. District Court because the clinic where the …
Buckle Up “There is an obvious correlation between safety belt use and the fatality rate.” —Illinois State Police Director Larry G. Trent comments on the announcement on July 15 that the number of motorists and front seat passengers who buckle …
Iowa Gov. Chet Culver said July 22 that state officials have identified $1.2 billion in flood damage that hasn’t been met by disaster aid, and he’s asking Congress to move quickly to provide more assistance. Culver pointed to the federal …
