Maryland News

Insurance Affordability: Three East Coast Regulators Weigh In

For many East Coast homeowners, the difficulty lies not in finding insurance, but paying for it. And that so-called affordability problem affects nearly every state along the coastline. Given their recent history with hurricanes, Gulf Coast states like Florida and …

SEC’s Cox Calls for Closing Financial Services Regulatory Gaps

The credit crisis shows regulatory gaps need to be closed on credit default swaps and investment bank supervision, the chairman of the U.S. Securities and Exchange Commission said on Thursday. “The lessons of the credit crisis all point to the …

Maryland ‘Value Proposition’ for Injured Workers Gets Middle Grade

When employers pay more for medical care for injured workers, workers should experience better outcomes. Otherwise, the logical question becomes: “Why are employers paying more?” Comparing Outcomes for Injured Workers in Maryland, a new study by the Workers Compensation Research …

ProLawyer Insurance, LLC Announces New MGA Appointment for an Admitted Lawyers Professional Liability Product

Newtown, PA – ProLawyer Insurance, LLC is pleased to announce its Managing General Agent appointment with ProAssurance Group companies. ProAssurance Group is rated “A-” (Excellent) by A.M. Best and maintains a Financial Size Category of XII ($1B – $1.25B) for …

Maryland Federal Magistrate Orders Lawyers to Cooperate

Maryland’s top federal magistrate is warning attorneys to be more cooperative in sharing information in the early stages of litigation. U.S. Chief Magistrate Judge Paul Grimm has warned attorneys on two sides of a Harford County laundry workers’ overtime case …

Cross-Border Trucking, Competitiveness Concerns in Arizona

Being the sixth-largest state in the nation, and one of the fastest-growing, makes Arizona an attractive place to live and do business. And that means the state is desirable from an insurance perspective, too, according to Christina Urias, the state’s …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Medi-Tourism Professional Liability Market Detail: Arrowhead Wholesale Insurance Services LLC brings to market a professional …

It Figures

$28 Million Settlement paid to the family of a Costa Rican woman killed when the ceiling of a Big Dig tunnel collapsed in Boston. The settlement was for the husband and three adult children of Milena Del Valle, who was …

Financial Crisis Kills Maryland’s Rate Cut

The Maryland Automobile Insurance Fund (MAIF) has been granted a 45-day deferral of a decision that might have allowed MAIF to reduce rates by nearly 5 percent, according to Maryland Insurance Commissioner Ralph S. Tyler. Executives of the state fund …

American International Group Inc. (AIG) elected Edward M. Liddy as chairman and CEO. Liddy, 62, succeeds Robert B. Willumstad. Stephen F. Bollenbach, who was named lead independent director in June 2008, continues in that role. Liddy joined the private equity …