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 …
Some 150,000 Texas homeowners will be affected by the liquidation of Vesta Fire Insurance Co. and its Texas subsidiaries by the Texas Department of Insurance, but the situation seems to be not as dire as previously thought. The company was …
New York officials have denied a requested 7.5 percent hike in workers’ compensation premiums and criticized what they termed carriers’ ‘anemic’ efforts in combating fraud in doing so. The decision means rates will not be going up in October as …
Insurance professionals have a lot to worry about as the fast-paced virtual economy takes hold. According to futurist Edie Weiner, they are right to be worried. She says there are a lot of risks ahead and given the speed of …
Florida legislation that promises to reins in auto insurance fraud was signed June 26 by Gov. Jeb Bush. Provisions of House Bill 561 and Senate Bill 1596 and the governor’s approval were applauded by Tom Gallagher, Florida CFO, who oversees …
The New York State Legislature’s most recent session will be remembered by insurance lobbyists more for what did not get accomplished than for what did. The Republican-controlled Senate and the Democrat-led Assembly once again missed an opportunity to help calm …
Just over a month after asking insurers in his state to voluntarily do so, Louisiana Commis-sioner of Insurance Jim Donleon issued Directive 199 mandating that all companies insuring property in Louisiana extend the period in which a policyholder can file …
