A prolonged soft market coupled with the worst economic period since the Great Depression as well as uncertainty related to national health care reform, caused insurance brokerage buyers and sellers to struggle with how to effectively carry out their growth …
Traffic fatalities in New York City fell to the lowest level last year in nearly a century. Mayor Michael Bloomberg said Wednesday there were 256 traffic deaths in 2009, the fewest since records started being kept in 1910. One category …
New Hampshire’s highest court has ruled that state lawmakers cannot raid $110 million in reserves from the Joint Underwriting Association, which underwrites medical malpractice insurance in the state. The Supreme Court decision, released this morning, upholds a lower-court decision that …
Steve Cooper has been appointed president of United Heartland, a national workers’ compensation insurer based in New Berlin, Wis., and a subsidiary of Accident Fund Holdings Inc. Cooper succeeds Emil Pfenninger, who has led United Heartland since its founding in …
A.M. Best Co. has upgraded the financial strength ratings (FSR) to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit ratings (ICR) to “a” from “a-” of Royal & Sun Alliance Insurance Company of Canada (RSA Canada), Quebec Assurance Company and …
BlueCross BlueShield of Tennessee says the theft of computer hard drives containing personal information on hundreds of thousands of members has already cost the insurer more than $7 million. The insurer has already contacted 220,000 members in Tennessee and elsewhere …
Medical costs per workers’ compensation claim in Texas were stable in 2007, following several years of dramatic decreases, according to a new study by the Workers Compensation Research Institute (WCRI). The decline in costs resulted from the enactment of two …
The Mississippi Supreme Court has ruled that Mary Reed Evans is entitled to present evidence in an effort to disprove prosecutors’ contention that her blood alcohol level was over the legal limit at the time she was driving an automobile. …
Pendleton Memorial Methodist Hospital in New Orleans and its corporate parent have settled a wrongful-death lawsuit brought by the family of a 73-year-old woman who died after Hurricane Katrina left the hospital without electricity. Terms of the settlement with Althea …
Andrew J. Lorin has joined the law firm Drinker Biddle & Reath as a partner in its insurance practice. Lorin, who will be based in the firm’s downtown New York office, most recently served as general counsel of the New …
