New Jersey’s Supreme Court has unanimously ruled that illegal immigrants injured by uninsured drivers can have medical costs covered by the state’s insurance guaranty fund. The 7-0 decision by New Jersey highest court, which reverses two lower court rulings, came …
Last year wasn’t the busiest year for mergers and acquisitions, but as concerns over various probes of the insurance industry fade, activity is picking up, according to Kevin Donoghue, of Mystic Capital Advisors Group, a mergers and acquisitions specialist. “It’s …
After years of the Gulf and Southeast coasts feeling the brunt of hurricanes, this could be the year when the Northeast gets whacked, warn forecasters, who are worried that the residents north of the Carolinas up into New England may …
The AccuWeather.com Hurricane Center in State College, Pa., led by its chief forecaster, Joe Bastardi, in its 2006 hurricane season forecast predicted an active hurricane season that could have major repercussions for the U.S. economy and the one in six …
Preliminary findings from asimulation project suggest that during Hurricane Katrina the 17th Street Canal levee in New Orleans may have slid on a layer of weak clay just beneath the peat that underlies the earthen structure. Researchers at Rensselaer Polytechnic …
Des Plaines, Ill.-based National Insurance Crime Bureau (NICB) reported that for calendar year 2005, the West, and particularly California, leads the nation in auto theft. All of the nation’s top 10 areas with the highest vehicle theft rates are in …
Strong capitalization, sound risk management and efficient global risk sharing enabled the U.S. property/casualty insurance industry to withstand record-setting catastrophe losses in 2005, according to Frank J. Coyne, chairman, president and CEO of ISO. Coyne also cautioned the industry to …
Tort reforms are the best proven instrument for reducing medical liability insurance premium growth, according to a new study conducted by Stanford University Professor Daniel P. Kessler, JD, PhD, who also serves as a research associate for the National Bureau …
The Montana State Fund board of directors has decided to keep its headquarters and roughly 300 employees located in Helena. Miles City leaders asked the State Fund, which runs workers’ compensation insurance for the state, to consider a move to …
There are 6 steps: 1 — Application/Survey 2 — Confidentiality/Evaluation Waiver 3 — On-site Evaluation/Consultation 4 — Evaluation/Consultation Recommendation 5 — Best Practice Committee Review 6 — TMPAA Designation Only the program business functions of agencies are to be evaluated …
