Mississippi Insurance Commissioner Mike Chaney said he’s going to continue with plans for a state-run insurance exchange, despite opposition from some in the Tea Party. More than 30 Tea Party members attended a meeting of a committee that’s drafting recommendations …
Workers’ compensation claim frequency declined slightly in 2011, by a modest one percent, after increasing in 2010 for the first time in more than a decade. According to the industry’s rating and statistical organization NCCI Holdings, frequency declined in 2011 …
Lump sum settlements in workers’ compensation claims encourage injured workers to return to work, according to a new study by the Workers Compensation Research Institute’s (WCRI). The study, Return to Work After a Lump-Sum Settlement, looked at whether lump sum …
“Insurance is, arguably, only as effective as the way it pays claims,” says a bulletin from Lloyd’s of London, marking the first anniversary of its Claims Transformation Program, which, it noted, is “changing the way in which Lloyd’s handles claims.” …
Natural catastrophe losses were “relatively moderate” in the first six months of 2012, concludes Munich Re’s assessment for the first six months of the year. Overall global losses up to the end of June were in the order of $26 …
The European Insurance and Occupational Pensions Authority (EIOPA) has published its Final Report on draft Guidelines for Own Risk and Solvency Assessment (ORSA), which “underlines the purposes of the ORSA,” and provides “additional details on how the guidelines are to …
Global insurer RSA has become the latest member of the London-based Managing General Agents’ Association (MGAA), which now has 50 members with a combined underwriting capacity of £1.4 billion [$2.33 billion] in gross written premiums per annum. Reg Brown, chairman …
Global professional services company Towers Watson has appointed Ross Howard as global leader for its insurance and reinsurance brokerage business, effective from October 1, 2012. He will succeed Bill Eyre who, after 14 years in the position, will take on …
Markel has launched a loss control program to connect employment practices liability (EPL) policyholders with information for managing risks. Through partnerships with Jackson Lewis, LLP and HR Care, Markel’s loss control program now includes a legal hotline and online access …
ACE USA, the U.S.-based retail operations of the ACE Group, has expanded its environmental risk insurance products to add catastrophe management coverage. In addition to coverage for standard remediation services included in the off-the-shelf environmental policies, ACE now covers the …
