News

TriSystems Readies New ‘Cost-Effective’ Platform for Lloyd’s Brokers

Jeff Ward, a director of London Market reform technology specialists TriSystems, and his colleagues have been busy lately. They’ve been working on the latest version of an electronic communications service for London’s brokers. With the official launch planned for Fenruary …

Mississippi Rejects Allstate Rate Hike

Mississippi’s insurance regulator, as he earlier indicated he would do, has denied a request from Allstate Property and Casualty Insurance Co. for a statewide home insurance price hike of about 60 percent. The increase would have affected about 50,000 policyholders. …

Los Angeles Workers Face More Wage, Labor Violations Than N.Y., Chicago

Low-wage workers in Los Angeles experience more wage and labor violations than low-wage workers in Chicago and New York, a new study by the UCLA’s Institute for Research on Labor and Employment has found. The survey found that low-wage workers …

Washington Saves $128 Million By Fighting Fraud

The fight against fraud in the workers’ compensation system brought in $128 million to Washington last year, according to a new report from the state Department of Labor & Industries (L&I). In addition to recovering fraudulent payments and overpayments to …

Johnson Joins WRM America as Midwest Regional Marketing Officer

WRM America, a New York-based specialty insurance and alternative risk management company, reports that Jeffrey S. Johnson has joined WRM America Indemnity Company (WRMAI) as regional marketing officer for the Midwest region. Johnson will be responsible for the planning and …

Woodruff-Sawyer & Co. Names Frost VP, Employee Benefits

Nancy Lee Frost has joined San Francisco-based Woodruff-Sawyer & Co. as vice president, Employee Benefits. She will focus on business development and employee benefits consulting. Frost has more than 20 years of experience in the insurance industry. She is a …

Accidents Up Despite Spokane Red Light Cameras

Intersections where Spokane, Wash., installed red light cameras in 2008 in the name of safety saw an increase in crashes and injuries in the first year of the controversial program. There were 38 collisions at the three intersections the year …

Lloyd’s Analyzes New and Changing Risks

The start of a new decade is always a time to take stock in what the past has brought, and what the future may bring. As part of its “360 Risk Insight” series, Lloyd’s of London queried “a cross section …

Court Upholds $500 Million Award Against U.S. Life Insurance Co.

The U.S. Ninth Circuit Court of Appeals has upheld an arbitration award requiring U.S. Life Insurance Co. to pay reinsurance of more than $500 million to Superior National Insurance Companies, workers’ compensation insurer in liquidation, the California Department of Insurance …

Liberty Mutual Receives China Approval to Open Zhejiang Branch

Liberty Mutual Group, through its wholly owned subsidiary Liberty Insurance Company Limited (LICL), has been granted approval to establish a branch in Zhejiang by the China Insurance Regulatory Commission (CIRC). Liberty Mutual’s Chinese operations are headquartered in Chongqing. The CIRC …

News Archives by Month