Insurer St. Paul Traveler’s Companies Inc. said its profit fell 9 percent in the second quarter, but still beat analysts’ expectations. The company also disclosed a $42 million charge “for an additional legal provision related to investigations of various business …
Virtually everybody involved in Delaware’s workers compensation system agrees the system is broken. The hard part is figuring out how to fix it. Gov. Ruth Ann Minner tried unsuccessfully to ram a reform bill through the legislature last month before …
Citizens Property Insurance Corp. has reversed a June decision to cancel its builder’s risk program and agreed to renew existing builder’s risk policies and write new policies in Florida until the end of the year. The shift in policy was …
State Farm has launched a series of initiatives to expand its markets while contributing to the economic vitality and safety of low-income neighborhoods. To help reach its goals, State Farm has developed a long-term, strategic business relationship with Neighborhood Reinvestment …
The state’s ability to recover damages from the Big Dig’s overseer for the ceiling collapse that killed a passing motorist and closed nearby tunnels may be limited by project liability agreements signed by Massachusetts officials. One of the agreements covered …
Some 70,000 Florida, 150,000 Texas, 5,200 Massachusetts and 11,000 New Jersey policyholders are among those affected by the liquidation of Vesta Fire Insurance Co. and its subsidiaries. Texas regulators placed the company into liquidation in July and its affiliates are …
Employers’ costs for workers’ compensation grew faster than combined cash benefits for injured workers and medical payments for their treatment, according to a new study issued by the National Academy of Social Insurance. The cost increase in 2004 (the most …
A computer that went missing with the personal information of as many as 540,000 injured workers has been located, New York state officials said recently. The FBI and the private company that had been in possession of the state-owned personal …
Three insurance trade groups filed a lawsuit seeking declaratory and injunctive relief to stop enforcement of California Department of Insurance auto rating regulations they said will harm millions of policyholders. On behalf of the Association of California Insurance Companies (ACIC), …
The National Insurance Act of 2006 would undermine key insurance consumer protections, constrict the availability of insurance, create market instability and prompt a flood of litigation, according to Leonard C. Brevik, executive vice president and CEO of the National Asso-ciation …
