Rhode Island officials have completed their audit of Beacon Mutual Insurance Co. and turned over the results to the workers’ compensation insurer. However it will be weeks before the public learns what is in the report. Department of Business Regulation …
Alleging that insurers failed to pay or properly adjust claims for 200,000 policyholders in Florida by ignoring fees for rebuilding permits, a group representing homeowners has filed suits against three insurers. The Hurricane Law Group of Boca Raton, Fla., filed …
Connecticut Attorney General Richard Blumenthal has issued subpoenas in an investigation of bonus commissions and other possible financial arrangements between Middlesex Mutual Assurance Co. in Middletown and H.D. Segur Inc., a large Connecticut insurance agency. “The subpoenas are part of …
The West Virginia Supreme Court voted 5-0 to refuse to hear Charleston Area Medical Center’s appeal of a 2005 circuit court ruling that upheld a physician’s right to provide his own medical malpractice insurance. The hospital had sought to overturn …
A continuing federal role in terrorism insurance is important so that U.S. financial centers including New York City can continue to compete with international markets, many of which are already covered by similar government insurance programs, New York Acting Superintendent …
Louisiana Commissioner of Insurance Jim Donelon on Mar. 6 ordered Allstate to scrap its property inspection process that led to the cancellation of more than 4,700 homeowners policies and reinstate coverage on those homeowners who got a notice of cancellation …
Key elements of the proposed reform package as released by Gov. Spitzer’s office are as follows: The maximum weekly benefit for injured workers will be increased from $400 to $500 in the first year, $550 in the second year, $600 …
Former Oklahoma Insurance Commissioner Carroll Fisher was arrested and jailed Mar. 1, 2007, for allegedly violating the terms of his appeal bond, a spokeswoman for the attorney general said. “Carroll Fisher is in the custody of the Oklahoma County jail,” …
But workers’ comp insurers are nervous that cost savings promised by the reforms’ supporters may not materialize New York Governor Eliot Spitzer and legislative leaders have reached an agreement to reform the state’s workers’ compensation system that has the backing …
Why don’t directors and officers insurers insist on corporate governance reform from their insureds as a precondition of coverage, the way property and workers’ compensation insurers condition their coverage on loss prevention measures? This perennial question is examined in a …
