CNA has enhanced its current coverages for precasters with the Concrete Product Rework endorsement, which will reimburse precasters for expenses arising out of the removal, repair or replacement of defective precast concrete products. In addition, the Concrete Product Rework endorsement …
The Sarasota HeraldTribune, as part of its series on the property insurance market in Florida, has reported that half of the state’s insurers are making money not from insuring homes but by diverting premiums into side ventures. The copyrighted report …
Several former American International Group Inc. employees might sue the insurer after it gave them less retention bonus money than they should have received, their lawyers said Monday. AIG is holding back $21 million from retention bonuses for current and …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of General Insurance Corporation of India (GIC), both with stable outlooks. The ratings reflect GIC’s “strong capitalization, stable expense ratio and established …
The Georgia Supreme Court has upheld the state’s 2005 tort reform legislation that limits the liability of emergency room medical care providers. The 4-3 ruling turned aside complaints that the law is unconstitutional because it gives special liability exemption to …
In a briefing session to introduce a package of bills supported by the Louisiana Department of Insurance for the upcoming legislative session, Insurance Commissioner Jim Donelon described the state’s insurance market as being in “good shape” and said the department’s …
Injuries in the trucking industry led to more than $480 million in workers’ compensation medical and indemnity payments, according to the California Workers’ Compensation Institute. The group, which released a new “Industry Scorecard” showing detailed data on accident year (AY) …
Representatives of riverside communities in Montana say looming federal requirements that they upgrade or certify local levee systems could overwhelm small town budgets. Homeowners in areas that don’t meet the requirements would see flood insurance rates increase. The government is …
The National Alliance for Insurance Education & Research has announced the addition of four new members to the 2010 Academy Board of Directors. The new chairman is Randy Dumm, Ph.D., Florida State University, in Tallahassee. The following are beginning their …
California Insurance Commissioner Steve Poizner announced that in February, the California Low Cost Auto Insurance Program (CLCA) saw the highest number of enrollees in any one month during the past three years. The CLCA program received 788 applications in February …
