Maryland News

News Currents

Report recommends phase-out of Pennsylvania med-mal subsidies Pennsylvania should get out of the medical malpractice insurance business and return the medical malpractice market to the private sector as soon as possible, according to a recent report. Insurance Commissioner Diane Koken …

Figures

8% The drop in premiums sought by the largest medical malpractice insurer in Maryland for next year in what would be its first rate reduction since at least 1992. The potential rate cut by Medical Mutual Liability Insurance Society of …

New fire science could overturn arson convictions across the nation

The clues were everywhere. A young woman lay dead in a burned cabin at a church camp in East Stroudsburg, Pa., while her father survived. Most of the lessons taught to budding fire investigators stood out at the scene. The …

New fire science could overturn arson convictions across the nation

The clues were everywhere. A young woman lay dead in a burned cabin at a church camp in East Stroudsburg, Pennsylvania, while her father survived. Most of the lessons taught to budding fire investigators stood out at the scene. The …

Business Moves

Oregon Insurance Division, American Standard The Director of the Oregon Department of Consumer and Business Services Insurance Division reported that American Standard Insurance Company of Wisconsin entered into a stipulation agreement, based on an enforcement action by the Department. According …

2006:a big year for P&C buyers and sellers of all shapes and sizes

JANUARY Hallmark Acquires Fort Worth, Texas-based Hallmark Financial Services Inc. has completed its acquisition of Aerospace Holdings LLC, which markets general aviation insurance products. Hallmark underwrites non-standard personal automobile insurance. American National Bank Acquires Dallas-based Sleeper, Sewell The American National …

Allstate Adds Maryland Coast to Its ‘No New Business’ List

Citing concerns that a warmer Atlantic Ocean will lead to more strong hurricanes hitting the region, Allstate Corp. will stop writing homeowners’ policies in coastal areas of Maryland. Starting in February, the company will no longer offer new property insurance …

Miss. Commissioner Promises Consumers an Insurance Bill of Rights

Mississippi Insurance Commissioner George Dale says he is working on a bill of rights for consumers, patterned after similar programs in Maryland and Florida. Dale, in a civic club speech this week in Gulfport, said no legislative action is required. …

Chubb Expands Excess Flood Policy

The Chubb Group of Insurance Companies has begun to offer an admitted excess flood insurance product to homeowners policyholders who face either inland or coastal exposures in 15 jurisdictions, including California, Connecticut, Illinois, Florida, Maryland, Massachusetts, New Jersey, New York …

Maryland’s Biggest Malpractice Insurer to Cut Premiums 8%

The largest medical malpractice insurer in Maryland is looking to drop premiums by 8 percent for next year in what would be its first rate reduction since at least 1992. The potential premium cuts by Medical Mutual Liability Insurance Society …