The chief executive of Pinnacol Assurance contends that the interim committee hearings investigating the state workers’ compensation insurer were biased in favor of injured workers. The committee, which was comprised of 10 state lawmakers, voted in its final meeting last …
The Army Corps of Engineers has identified 14 flood control options in the Fargo-Moorhead, Minn., area, ranging from levees and flood walls to ditches. The catch is that to win federal approval, the benefit to taxpayers must be greater than …
British Prime Minister Gordon Brown on Monday urged world leaders to intervene personally to break deadlocked talks to agree a global climate change deal in December. Brown is one of the few major economy leaders who has announced plans to …
In December, 2008, Kevin Kelley left Lexington Insurance Co., the largest excess and surplus lines insurance company, after more than 30 years during which he helped the company become one of parent American International Group’s (AIG), and the industry’s, most …
Hartford Financial Services Group Inc. named a former Bank of America Corp. executive to be its new CEO, and he already has plans to introduce enhanced risk management after record losses at the 199-year-old insurer. Liam McGee, former head of …
Let’s turn the tables this issue and instead of regurgitating our own or somebody else’s opinion, let’s take a look at yours. Insurance Journal carries a regular poll on its Web site. We ask questions on agency management, markets, the …
California Insurance Commissioner Steve Poizner is indicating that he may not support the state Workers’ Compensation Insurance Rating Bureau’s (WCIRB) request to increase costs by 22.8 percent. Poizner said that small businesses cannot tolerate such an increase in this economy, …
The Central Delaware Chamber of Commerce said it will begin working with state insurance regulators to promote the insurance department’s workplace safety program to its nearly 900 members. The program represents a potential savings for some companies. Delaware state law …
Florida Insurance Commissioner Kevin McCarty has given the green light to an overall statewide average workers’ compensation rate decrease of 6.8 percent. The decrease, which was proposed by the industry’s National Council on Compensation Insurance (NCCI), goes into effect beginning …
There are “strong indications” that the justifications for the insurance industry’s limited antitrust exemption that existed in 1945, when McCarran-Ferguson was enacted, are no longer valid, an Obama administration official told Congress this week. However, the Department of Justice official …
