Must the Insurer Appeal’
A while back I was discussing with a colleague whether a carrier has a duty to prosecute an appeal on behalf of its insured. My initial thought was that upon the resolution of the underlying matter by a trial verdict …
Acordia to Double Omaha Operations
Chicago-based Acordia Inc., America’s largest bank-owned insurance brokerage and a subsidiary of Wells Fargo & Co., has acquired the assets and business of Care Insurance Services, headquartered in Omaha, Neb. Care Insurance Services, which provides risk management solutions for long-term …
A.M. Best Names Five Finalists for E-Fusion Insurance & Technology Award
Five online insurance-related projects have been selected as finalists for the E-Fusion Award, A.M. Best Company’s annual competition designed to recognize outstanding, resourceful uses of Internet technology by an insurance organization. Judges selected the top five projects from among 97 …
Insurers Seek Review of Iowa Diminished Value Rule
The Iowa Administrative Rules Review Committee is being urged by insurer lobbyists to issue a session delay on rule changes to Iowa Code 191-15 that pertain to diminished value in third party claims so that the legislature may review the …
EMC Reports Q2 Results
Des Moines, Iowa-based carrier EMC Insurance Group Inc. operating income of 9 cents per share for the second quarter ended June 30, 2003 compared to operating income of 45 cents per share for the second quarter of 2002. Operating income …
Iowa Pols Sue Guv For Veto of WC & Tort Reforms
Iowa Gov. Tom Vilsack’s line item veto of legislation that supporters say would have improved the state’s business climate is being challenged in court. Republican legislators filed a lawsuit late last week that challenges the governor’s constitutional ability to line …
Best Places Iowa Mutual Under Positive Review
A.M. Best Co. has placed the financial strength rating of “B” (Fair) of Dewitt-based Iowa Mutual Group under review with positive implications. This rating action acknowledges the agreement between Iowa Mutual Group and Motorists Insurance Group to form a strategic …
20 States Have Enacted Tort Reforms This Year
This year has been the busiest for enactment of state civil justice reform legislation since 1995, according to the American Tort Reform Association (ATRA). At mid-year, 20 states already have enacted laws; 19 laws were enacted by the conclusion of …
N.H., Iowa Doctors to Promote Med-Mal Reform in Early Primary States
New Hampshire and Iowa traditionally hold the earliest primary elections of the presidential campaign, and doctors associations in the two states are planning to take advantage of the fact to promote medical malpractice reforms, by urging 2004 presidential candidates to …
N.C. Auto Rates Drop to Ninth-Lowest in U.S.
The North Carolina Department of Insurance noted that a report released by the National Association of Insurance Commissioners (NAIC) indicates that North Carolina has the ninth lowest auto insurance rates in the nation, breaking into the top 10 after hovering …
