Survey Finds Agencies Take a Second Look at Hiring Employees With Past E&O Histories Today’s soft insurance market, reduced commissions and a tough economy for agency owners and their clients might be adding to agency errors and omissions (E&O) exposures. …
Health care organizations’ medical malpractice claim frequency appears to be declining slightly and severity is leveling off, according to a new report. Data collected from 1,600 hospitals in report years 1997 through 2007 reveals that the most severe claims, those …
A massive storm making its way through a big chunk of the United States brought a bit of everything: strong winds, rain, tornadoes and now even some snow for parts of the Midwest. The storm packed wind gusts of up …
The Illinois Workers’ Compensation Commission reported that Commissioner Barbara Sherman has resigned effective Oct.25, 2010. Sherman has served on the Commission for 20 years. Commissioner Gore will cover oral arguments scheduled in Springfield on October 26 and 27. The Commission …
Medical fees provided for in the Illinois Workers’ Compensation Act will increase 1.08 percent in 2011, the Illinois Workers’ Compensation Commission reports. Fee schedule rates increase or decrease by the percentage change in the Consumer Price Index-U (CPI-U) in the …
A.M. Best Co. announced that it has removed from under review with negative implications and affirmed the financial strength ratings (FSR) of ‘B-‘ (Fair) and issuer credit ratings (ICR) of “bb-” of Miami-based Kingsway Amigo Insurance Company and Illinois-based Universal …
Health care organizations’ medical malpractice claim frequency appears to be declining slightly and severity is leveling off, according to a new report released today. Data collected from 1,600 hospitals in report years 1997 through 2007 reveals that the most severe …
The Illinois Department of Insurance says it will receive $1.45 million in federal funds to support its efforts to educate Illinois health insurance consumers and advocate on their behalf. The grant funds provided under the federal health reform law (known …
Zurich Financial Services Group announced key appointments within its General Insurance (GI) segment, which, it said, were “related to the ongoing review of the GI business, which is part of a Group-wide initiative to clarify accountability, focus on responsibility and …
CNO Financial Group Inc., based in Carmel, Ind., announced it has received regulatory approvals for the previously announced plan to consolidate three insurance companies. Under the consolidation plan, two CNO insurance subsidiaries – Conseco Insurance Co. and Conseco Health Insurance …
