Michigan lawmakers took a key step this week toward prohibiting the use of cell phones to send or read text messages while driving, but some say the measure is watered down and wouldn’t do enough to crack down on distracted …
President Barack Obama’s comments on increasing trade and doubling exports to boost the U.S. economy go in the right direction, the head of the World Trade Organization said on Thursday in Davos. Pascal Lamy, director-general of the WTO, told reporters …
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 …
A January 2010 opinion editorial, “Don’t deregulate insurance: Consumers only ‘choice’ would be bad” bylined by three consumer advocates totally misses the mark on the benefits of the Consumer Choice bill. The measure, proposed by Sen. Mike Bennett and Rep. …
