No Satisfaction
Back in 1969 when the Rolling Stones sang, “You can’t always get what you want,” I doubt they were thinking about Florida insurance politics in 2011. I will go out on a limb here and say I am absolutely certain …
Finally, Wash. Legislators Agree on Workers’ Comp Reform
Washington Gov. Chris Gregoire, Senate Majority Leader Lisa Brown, House Speaker Frank Chopp, Senate Minority Leader Mike Hewitt and House Minority Leader Richard DeBolt announced the Legislature finally has come to an agreement on workers’ compensation in the special legislative …
Colo. Governor Approves Workers’ Comp Reforms
Colorado Gov. John Hickenlooper has signed legislation approving state workers’ compensation reforms. Senate Bill 11-199, sponsored in the House by James Riesberg, D, as well as sponsored in the Senate by Lois Tochtrop, D: Requires an employer to admit liability …
Business Moves
Crump, Self Funded Alternatives Wholesaler broker Crump Insurance Services Inc. has acquired Self Funded Alternatives, an insurance intermediary specializing in self-insured workers’ compensation programs. SFA is based in Langhorne, Penn. and has associates in Las Vegas, Nev. and Woodland Hills, …
N.Y. Financial Oversight Agency Gets First Chief
The New York Senate has confirmed one of Gov. Andrew Cuomo’s top aides to head the new state agency responsible for oversight of financial services – including insurance – in the Empire State. Benjamin Lawsky, a former federal prosecutor in …
4 Things Agents Should Do to Avoid E&O Claims
After handling insurance coverage claims for years, a distinct pattern has emerged: sometimes the insurance agent gets “caught in the middle” of a dispute between the policy holder and the insured. Often, agents are named in a lawsuit for reasons …
Corporate Governance Perspective: Current Bearings, Future Directions
Due to last summer’s enactment of the Dodd-Frank Act, we are now in a watershed period of corporate governance reform. Processes now underway have transformed the relations between corporate boards and corporate shareholders. Even further changes lie ahead. These developments …
Contractors Object to California’s Plan to Rehabilitate Majestic
Former members of the self-insured workers’ compensation program Contractors Access Program of California, which was managed by now defunct Majestic Insurance Co., have filed a formal objection to the California Department of Insurance’s Majestic Insurance rehabilitation plan. The California Department …
Catastrophes Issue Wake-Up Call on Supply Chain Risks
The Japanese earthquake and tsunami that occurred in March 2011, as well as intense spring weather, served as a wakeup call of sorts for businesses vulnerable to supply chain exposures: It’s important to prepare for and insure against disruptions to …
Best Performing Mid-Sized Commercial Insurers
Medical malpractice insurers rank high when it comes to best performers in the mid-sized commercial insurance arena. Medical liability insurers placed in eight of the top 20 slots, according to SNL Financial’s performance ranking analysis of the best performing insurance …
