The North Carolina House Insurance Committee has advanced a measure that would limit workers’ compensation payments to injured workers a few years after they become eligible for Social Security. The bill (HB 1022) would curtail workers’ compensation payments 300 weeks …
Georgia Insurance Commissioner and Republican gubernatorial candidate John Oxendine, who blasted a news report alleging he accepted what appear to be illegal campaign contributions from an insurance executive, said he has returned the donations. Oxendine said his campaign did not …
The London-based Marketform Group Limited, a leading market for non-US medical malpractice and other specialty lines, has announced that it is now underwriting five new classes of business. Chairman Holly Bellingham described the new lines as a natural progression following …
The new H1N1 virus shows no signs of sustained person-to-person spread outside of North America and so has not yet tipped over into a pandemic, a top World Health Organization official said Monday. Dr. Keiji Fukuda, acting WHO assistant director-general, …
American International Group has signed an agreement to sell its prime real estate holding in Tokyo for approximately $1.2 billion in cash (Yen115.5 billion) to Nippon Life Insurance Company. The property consists of approximately one acre of land on which …
Bermuda-based Validus Holdings, Ltd. announced that it “has filed its definitive proxy statement with the Securities and Exchange Commission and is mailing proxy materials to shareholders of IPC Holdings, Ltd. asking them to vote the GOLD proxy card and reject …
Vanessa Tipton has joined managing general agency J.M. Wilson as a property and casualty underwriter in its Westerville, Ohio, office. Tipton will quote and service P/C accounts. Prior to joining J.M. Wilson, she was an underwriting assistant III for Century …
Enforcement actions taken by Texas Insurance Commissioner Mike Geeslin that became final during March include eight license revocations, three license denials and fines and restitution totaling more than $325,000. An order imposing disciplinary measures becomes final 20 days after the …
Although its peak is still four years away, a new active period of Earth-threatening solar storms will be the weakest since 1928, predicts an international panel of experts. Despite the prediction, Earth is still vulnerable to a severe solar storm, …
The Michigan Supreme Court has agreed to hear a case involving a ban on the use of credit scoring by insurance companies. In 2005, the Office of Financial and Insurance Regulation’s (OFIR) promulgated rules banning the use of insurance credit …
