Frank J. Coyne, chief executive officer of Insurance Services Office, recently warned that insurers unable to keep up in the technological arms race face a grim prognosis. The industry leader said a chasm is growing between insurers using state-of-the-art analytics …
Seattle-based Safeco said it is expecting independent agents, in part, will help the company grow organically and provide predictable returns for investors. In a question and answer session following its listing on the New York Stock Exchange, Safeco’s CEO Paula …
4.4 Million The number of Mattel play sets recalled because of injuries to several children who swallowed magnets that fell off. The Consumer Product Safety Commission, which an-nounced the recall of magnetic Polly Pocket sets as the holiday gift-buying season …
The best choice for consumers is the tried and true property/casualty guaranty fund system administered by the states From almost the moment Gramm-Leach-Bliley was signed into law in late 1999, discussion turned to the question of state or federal regulation …
Award not warranted “Awarding workers’ compensation death benefits to an estate conflicts with the underlying policy of the workers’ compensation scheme, which is to provide financial support to a worker and a worker’s dependents when the worker suffers job-related injury …
Although not as substantial as those sought by the Texas Windstorm Insurance Associa-tion, Texas Insurance Commis-sioner Mike Geeslin signed an order on Nov. 15 giving TWIA rate hikes of 3.7 percent for commercial property risks and 4.2 percent for residential …
Rhode Island’s highest court has declined to rule on whether state lawmakers have any remaining role in appointing members, or approving gubernatorial appointments, to the board of the state’s largest workers’ compensation insurance carrier, Beacon Mutual Insurance Co. Senate Democratic …
$46 Million Run rate savings Safeco said it put into paying additional agent commissions because it believed its commission program wasn’t competitive with other carriers. Safeco said because of its commission changes, it has some improvement in renewal retention. 19 …
Are the elves at work? “Just because it’s close to Christmas doesn’t mean the governor has to be Santa Claus. That’s not what the special session should be.” — Louisiana State Rep. Steve Scalise, R-Metairie, a member of the House …
A Massachusetts man has filed a lawsuit against The Scotts Co., alleging the lawn and garden company violated his privacy and civil rights when it fired him because he smokes. Scott Rodrigues, of Bourne, claims he was fired from his …
