The head of Colorado’s state-created workers’ compensation insurance company says the organization could do a better job if it were privatized. CEO Ken Ross told state lawmakers that Pinnacol Assurance has paid $347 million in dividends to policyholders since it …
Ronald Krebs has joined the Alternative Risk Transfer Services Team in South Carolina’s insurance department, where he will be responsible for the application processes from submission to licensing captive insurance companies and risk retention groups. Krebs brings with him 35 …
The Association of British Insurers has issued a statement warning that regulators and governments “must not harm other industries, such as insurance, as they deal with the banking crisis.” In a new report, “Restoring Market Confidence”, published ahead of its …
Michigan’s insurance regulator is reinstating a requirement that insurance companies submit all home and auto insurance documents and forms to the state insurance department for review prior to using them with the public. The order from the Office of Financial …
As Insurance Journal prepares for another Top 100 Independent Property/Casualty Agency List, to be published in our Aug. 3, 2009, magazine, the editors wanted to highlight a few of the current Top 100 agencies. Throughout the coming weeks, InsuranceJournal.com will …
Former Missouri Gov. Roger Wilson has taken over as acting president and CEO of Missouri Employers Mutual. Wilson began May 31 as the leader of the workers’ compensation firm that employs more than 200 people in offices in Columbia, Kansas …
The property/casualty insurance industry is employing advancements in catastrophe modeling and considering the impact of the creation of a national catastrophe fund as it applies lessons learned from Hurricane Katrina. Experts on a panel moderated by Louisiana Insurance Commissioner Jim …
An insurer can’t cite the commonly used earth movement exclusion to deny coverage to an insured whose property was damaged by excavation to a neighboring lot, a New York Appeals Court has ruled. The case pitted the owner of condo …
An insured who voluntarily agrees to pay a settlement that is not dictated by a jury verdict cannot sue its insurance company for bad faith failure to defend, even if the settlement is within the policy limits, the Georgia Supreme …
Oklahoma Gov. Brad Henry has signed into law HB 2013, which adds Section 10-118 of Title 47 to the Oklahoma Statutes to prohibit the levying of fees for the response or investigation of a motor vehicle accident by law enforcement. …
