Monthly Archives: <span>March 2011</span>

UK China Ambassador Opens Lockton’s Beijing Branch Office

A bulletin from Lockton notes that the UK Ambassador to China Sebastian Wood “lauded the work of international insurance brokers helping China to further develop its insurance markets. he was speaking at the official office opening ceremony of Lockton,’s new …

Former NAIC Pres. Atchinson to Head Geneva Ass’n. Institutional Relations

The Geneva Association, an important international insurance think tank, announced that Brian Atchinson has been appointed as Acting Head of Institutional Relations. He is a former President of the National Association of Insurance Commissioners (NAIC) and a former superintendent of …

Protective Specialty Announces Expansion of Professional Liability Product Offerings

Indianapolis, Ind. – Mar 25 2011 – Protective Specialty Insurance Company (PSIC) has expanded its product offerings to include Technology Professional Liability, Architects and Engineers Professional Liability (A&E), Lawyers Professional Liability and Intellectual Property Lawyers Professional Liability. These new products …

Major Class Action Sex Discrimination Case Goes Before Supreme Court

The largest class-action sex-discrimination lawsuit ever will be argued before the U.S. Supreme Court March 29, pitting Wal-Mart Stores Inc. against female employees who seek billions of dollars. The justices will decide whether the small group of women who began …

Mont. Governor Endorses Workers’ Comp Compromise

Gov. Brian Schweitzer’s administration said Wednesday that it is supporting a deal with Republicans to cut workers’ compensation insurance rates that are widely regarded as too expensive, paving the way for a big compromise on one of the larger legislative …

Dear Sales iQ Readers

The Insurance Journal recently launched a new website for its authors. Unfortunately, my internet bookmark continued publishing my work to the old site. I’ve been writing to you regularly, but several pieces did not get published. I have it fixed …

Missouri Approves First $50K in Line of Duty Claims from Comp Fund

Missouri workers’ compensation regulators recently approved payment to families of individuals killed in the line of duty to protect the public. The Missouri Labor Department’s Division of Workers’ Compensation (DWC) mailed the first checks in the program after approving the …

Worldwide Facilities Introduces New Carrier for Life Sciences Risks

Worldwide Facilities, Inc. has introduced a new cover for life science innovators. The coverage provides protection for life sciences risks and can be tailored to protect companies ranging from those in the pre-clinical trial stage to those with $10 billion …

State Farm Homeowners’ Rate Hike Rejected in Louisiana

Louisiana insurance regulators have rejected a rate increase from the state’s largest insurer of homes. State Farm Fire and Casualty Co. wanted an average 14.3 percent rate hike for its 301,000 customers who get homeowners and condominium coverage, as well …

Lawsuit Reform Measures Advance in Oklahoma House, Senate

Oklahoma state lawmakers seem to be serious about reforming the state’s tort environment. Legislation aimed at eliminating joint and several liability, requiring that juries be provided with information on the tax impact of potential awards, and capping noneconomic damages in …