With data showing an improvement in loss costs in Texas, Medical Protective, an admitted medical professional liability insurer, said it would reduce malpractice premium rates for Texas physicians by 6 percent effective July 1, 2006. The company noted that this …
A Nevada workers’ union is praising a state Supreme Court ruling that upheld claims of 40 former state employees who sought more pension credits because their jobs were privatized. The State of Nevada Employees Association added that the high court’s …
Unlike insurers of last resort in states like Louisiana and Florida, the Texas Windstorm Insurance Association does not enjoy federal tax-exempt status. TWIA’s Board of Directors and its Executive Director Jim Oliver want that to change. Along with creating a …
Washington state officials have amended and approved legislation that would create an insurance anti-fraud unit in the insurance commissioner’s office, according to the Property Casualty Insurers Association of America’s (PCI) Northwest Regional Manager Kenton Brine. “The Washington House Financial Institutions …
Insurance groups breathed a sigh of relief as the special session of the Louisiana Legislature ended Feb. 17 after resolving controversial provisions in two bills dealing with insurance issues. The session began Feb. 6. According to the Property Casualty Insurers …
California Insurance Commissioner John Garamendi has announced new workers’ compensation regulations that will require all insurers in the state to submit certification forms that verify that claims adjusters and medical bill reviewers meet the new minimum standards of training and/or …
There is no reason to think there will be any change in hurricane patterns in the near future; the number of hurricanes have been increasing since 1995 and there is no doubt that they will continue to do so for …
American International Group Inc. announced that its AIG Companies terminated the agency relationship with Starr Technical Risks Agency Inc. and its subsidiaries (Starr Tech), insurance agencies owned by C.V. Starr & Co. Inc. C.V. Starr is run by AIG’s own …
There isn’t any question about overhauling South Carolina’s workers’ compensation system, but there is a lot of disagreement about how to accomplish this feat. Workers’ compensation reform is on the legislature’s spring agenda, but Senator Gerald Malloy (D-Hartsville), was quoted …
As a federal probe into the insurance industry widens, four former top executives of giants General Re and American International Group are pleading not guilty to fraud and conspiracy charges. The Justice Department has accused the four of orchestrating an …
