The head of Colorado’s state-chartered workers’ compensation insurance fund says the company wants to go private. Ken Ross, president and chief executive of Pinnacol Assurance, told The Denver Post editorial board the company might be willing to pay taxes and …
Jacksonville, Florida-based medical liability insurer FPIC Insurance Group Inc. will acquire Advocate, MD Financial Group Inc. of Austin, Texas for $33.6 million. The deal includes additional considerations of up to $12 million based on Advocate, MD’s future financial performance. Advocate, …
Democrats in the House pounced on a congressional budget analysis to bolster their plan for a government-run health insurance option Monday, as party leaders said they were closer to agreement on healthcare reform. The report by the nonpartisan Congressional Budget …
A large U.S. consumer group urged Congress Tuesday to clamp down on insurers’ risky practices after last year’s near collapse of AIG due to its foray into exotic derivative instruments. The Consumer Federation of America said Congress should consider prohibiting …
The Association of British Insurers (ABI) has issued a bulletin to coincide with the start up of the UK’s National Pandemic Flu Service. The bulletin notes that the UK’s “travel insurance industry has confirmed that, in the absence of written …
Insurers in British Columbia “are acting quickly to assist those whose homes and businesses have been affected by the forest fires currently raging in the province,” notes a bulletin from the Insurance Bureau of Canada. “It is important for everyone …
The state of Michigan says it spent about $170,000 to repair a busy stretch of Interstate 75, which reopened less than five days after a fiery tanker crash caused an overpass to melt and collapse. The Michigan Department of Transportation …
A group of more than 200 investors who believe they were defrauded by their Nebraska-based brokers will share roughly $900,000 in a settlement with one of their brokers’ former employers. The company’s insurer,Quanta Specialty Lines Insurance Co., will pay most …
Property insurance companies in West Virginia are finding themselves caught between a rock and a hard place over an ordinance in the city of Huntington that forces them to pay funds on some total fire losses to the city rather …
A Rhode Island court has ruled that a commercial general liability insurance policy held by the owners of the Station nightclub does not require the insurance company to defend them against criminal charges. The case arose from the 2003 fire …
