January 5, 2011
Florida’s workers’ compensation market remains competitive with more than 250 private insurers writing coverage and only a fraction of business being funneled to the residual market. Also, availability does not appear to be a major concern in the aggregate, although …
January 4, 2011
Soft market conditions with unabated price competition and a slow economy with reduced payrolls continued to affect commercial liens including the the workers’ compensation industry in 2010, as they did in 2009. Robert Hartwig, president of the Insurance Information Institute, …
January 4, 2011
A new Michigan law will allow certain drivers to erase points from their record if they’re willing to take a class. Someone ticketed for speeding or other offenses would still pay fines. But completing a driver-improvement course would eliminate the …
December 31, 2010
Texas-based Biglari Holdings Inc., parent company of the Steak n Shake restaurants, has increased its proposal to acquire 100 percent of the issued and outstanding shares of common stock of Fremont Michigan InsuraCorp Inc. to $31 per share in cash. …
December 31, 2010
Are you an insurance news hound? Test your insurance news IQ and find out. The following questions and answers (at bottom of the page– don’t cheat!) were developed based on news stories published by InsuranceJournal.com in 2010. Good luck! 1. …
December 31, 2010
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Meadowbrook Insurance Group and its pooled members. Best also affirmed the ICR of “bbb-” of the parent holding company, …
December 29, 2010
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa” of the Progressive Agency Pool, Progressive Direct Pool and Progressive Commercial Auto Group (collectively known as Progressive) and their respective …
December 29, 2010
The family of a 39-year-old man who was fatally shot by three Sterling Heights police officers is suing the Detroit suburb. A civil lawsuit filed by Matthew Moroni’s family in U.S. District Court in Detroit claims officers “unlawfully discharged their …
December 28, 2010
The resistance by one community in Michigan’s rural Thumb to a couple’s plans to renovate the Lake Huron shoreline cottage has led to an $860,000 federal court damage award against the township. The $100,000 limit on Worth Township’s liability insurance …
December 21, 2010
A woman was indicted last week in the Eastern District of Louisiana for allegedly filing fraudulent claims for compensation due to the Deepwater Horizon oil spill. Four other individuals were also charged last week in Alabama, Michigan, and Mississippi for …