The Property Casualty Insurers Association of America (PCI) praised the decision of the Illinois Supreme Court to order a new trial in an important asbestos litigation case, Nolan v. Weil-McLain (No. 103137). The case involves Clarence Nolan who died as …
An insurance company in Michigan is holding a contest to name a steer it saved from someone’s dinner table because of its unique hide. The pattern on one of its sides resembles Michigan’s Lower Peninsula’s mitten shape, while the pattern …
The Oregon Department of Consumer and Business Services has released the Quarterly Fatality Report for the first quarter of 2009. DCBS has received notification of nine compensable fatalities accepted for workers’ compensation benefits for the first quarter of 2009, compared …
“The catastrophe bond market is weathering the effects of the global financial downturn while maintaining a strong issuance pipeline for the remainder of 2009,” according to a briefing published on www.GCCapitalIdeas.com by Guy Carpenter, the global risk and reinsurance specialist, …
Minnesota lawmakers are considering a bill that would allow for recovery of interest and attorney fees for breach of an insurance policy. If passed, SF 528 would allow “an insured who prevails in any claim against an insurer based on …
The Colorado Senate has backed two measures aimed at taking $500 million from a state-created workers compensation insurance company to balance next year’s budget over the objections of Pinnacol Assurance and the businesses that rely on it. The bills, along …
Mercury General Corp. on Monday, May 4, 2009, will release results for its first quarter ended March 31, 2009. The company will host an investor conference call and Webcast that same day at 10 a.m. Pacific Time to review the …
Consumers in Mississippi have received nearly $1 million in recovered claims payments and premium refunds in the first three months of 2009 thanks to the efforts of the Consumer Services Division of the Mississippi Insurance Department (MID), state officials reported. …
Officials at the fire damaged Joliet Empress Casino in Illinois have said that the casino will likely open by the end of June, an announcement that was cheered by workers at the operation. Frank Quigley, vice president and general manager …
With consumers’ credit scores dropping as lenders tighten credit terms, insurance consumer advocates are stepping up their criticism of the use of credit scores by insurance companies. They are also warning insurers that they could lose business and consumer confidence …
