UTAH UTAH SUPREME COURT RULES WCF ASSETS NOT OWNED BY STATE: The Utah Supreme Court has declared that Workers Com-pensation Fund’s assets are owned by policyholders, not the state. The ruling in favor of WCF settles long-standing challenges by the …
European Insurers Estimate Katrina Losses: A disaster the scope of Hurricane Katrina hits everybody, not just U.S. carriers. The following are some of the preliminary estimates of anticipated losses from a number of European insurers: Amlin Plc, a leading Lloyd’s …
MASSACHUSETTS Agents Contribute $20K to Katrina Relief: The Massachusetts Association of Insur-ance Agents is sending a $20,000 check to the Big ‘I’ Katrina Relief Fund established by its national organization, the Independent Insurance Agents and Brokers of America, to help …
Illinois Katrina Could Affect Ill. Insurance Rates: Experts say the path of destruction left by Hurricane Katrina likely will lead to higher insurance rates in the metro-east and across the country, although it is unclear how much and how soon …
MASSACHUSETTS Fed Probe Firing of MassMutual CEO: Federal prosecutors are investigating the conduct that led to the firing of former MassMutual Insurance Comany chief executive Robert J. O’Connell, the company disclosed in court documents. The company acknowledged the federal probe …
Illinois CCC Settles Class-Action Suit on Total Loss Vehicle Valuation: Chicago-based claims software-maker CCC Information Services Inc. and 15 of its customers signed a settlement agreement with plaintiffs in various class action suits pending in Madison County, Ill., relating to …
FLORIDA Report Shows Car Theft Decreased in Most of Southeast Across the Southeast in major metropolitan areas auto theft decreas-ed dramatically in 2004, accompan-ied by a slight drop in auto theft nationally, according to the National Insurance Crime Bureau’s annual …
ARKANSAS Forged State Check Scam Centers on Ark. Arkansas Attor-ney General Mike Beebe’s office said it is among several state and federal agencies investigating an international scam involving forged copies of State of Arkansas checks. Operating from Turkey and possibly …
NAMIC ENCOURAGES RATE MODERNIZATION IN HAWAII: The National Association of Mutual Insurance Companies has told a Hawaii legislative committee that passing rate modernization laws would benefit state commerce and insurance consumers. According to NAMIC State Affairs Manager Christian John Rataj, …
MASSACHUSETTS Health Insurance Rates Rising: The state’s largest health insurers say most Massachusetts companies and their workers will see increases of 10 percent or more in their health insurance premiums beginning next year. The expected increase would follow five consecutive …
