The average payment per claim for the medical care of injured workers in Louisiana was nearly one-third higher than typical of states examined in a study by Cambridge, Mass.-based Workers Compensation Research Institute (WCRI). According to WCRI, the study of …
Massachusetts Insurance Commissioner Julianne Bowler has scheduled a public hearing for July 22 to hear testimony on proposed rule changes to the state’s high risk auto facility. Commonwealth Auto Reinsurers (CAR), the current high risk organization, at Bowler’s urging, in …
In making his choice in a running mate earlier this month, Massachusetts Senator and Democratic presidential candidate John Kerry has gone for a man who is no stranger to the courtrooms. North Carolina Senator John Edwards will join the Kerry …
The average medical payment per workers’ compensation claim in Florida rose significantly in the most recent period studied, in large part due to the increasing costs of hospital services and treatments by physicians and therapists, according to a study by …
Beacon Mutual Insurance Co., Rhode Island’s largest workers’ compensation insurance writer that was formed in 1990 as a state fund, is taking steps to write coverage outside of the state. The Warwick company has put up $20 million to license …
The average medical payment for workers’ compensation claims in Pennsylvania rose nearly 14 percent during the most recent period studied, according to a new study by the Workers Compensation Research Institute (WCRI). The study pointed out that the rapid growth …
Florida-based Brown & Brown Inc. announced net income for the second quarter of 2004 of $32,153,000, or $0.46 per share, an increase of 15.1% over the $27,935,000, or $0.41 per share, reported for the quarter ended June 30, 2003. Total …
Three Massachusetts insurance agencies have agreed to each pay $2,500 in civil penalties and provide legally required information about long-term care insurance, under the terms of three separate assurances of discontinuances, Attorney General Tom Reilly announced. The assurances, filed in …
Frederick J. Fisher, president and CEO of Los Angeles-based E.L.M. Insurance Brokers Inc., specialists in professional liability coverages, announced that Gregg Higgins has recently joined E.L.M. as director of field marketing. According to Fisher, “Gregg’s responsibilities will include calling on …
Bank holding companies (BHCs) earned a record $8.36 billion in insurance agency commissions and fee income in 2003, according to Michael White’s Bank Holding Company Insurance & Investment Fee Income Report (BHC-FIR) published by Michael White Associates LLC (MWA). Compiled …
