Democratic Gov. Joe Manchin’s bill to eliminate third-party bad faith lawsuits survived its toughest test to date on March 17 when the Senate Judiciary Committee passed the bill out of committee over the strenuous objections of its chairman, Sen. Jeffrey …
According to a Reuters report, Ace Ltd. said on Wednesday it has received 43 subpoenas, interrogatories, civil investigative demands and letters of inquiry in relation to the investigations of insurance industry practices. In its annual report filed with the U.S. …
In its annual report filed with the Securities and Exchange Commission, Marsh & McLennan reported that the U.S. Department of Labor last month served the firm with a subpoena seeking documents related to the company’s employee benefit plans services as …
Stark Insurance Services of Buckhannon, W.V. has become the 1,600th Independent Strategic Agency in the Strategic Independent Agents Alliance of Hampton, N.H. Stark joins the Mountain State Agency Alliance Master Agency network, a division of Ramsey Insurance Agency, Inc. in …
Edward Levy, president and chief executive officer of Delaware Valley Underwriting Agency Inc. in Hatboro, Pa., announced new management assignments effective immediately. Rita Hanebury assumes responsibility as vice president/manager. Hanebury’s previous title was vice president/assistant manager. She will continue to …
Nuts & Bolts: Victor O. Schinnerer and Co. is offering an admitted property policy for all types of public entities. The policy features a specialized property enhancement for public entities, which provides higher limits for various coverages and causes of …
West Virginia Gov. Joe Manchin has formed working groups to discuss frivolous lawsuits and insurance reforms. After having been largely brushed aside during past fights over workers’ compensation and medical malpractice lawsuit limits, plaintiffs’ lawyers and labor groups aim to …
Members of the West Virginia Insurance Federation have endorsed the findings of a West Virginia Insurance Commission report calling for elimination of private third party cause of action lawsuits brought under the Unfair Trade Practices Act. “The Insurance Federation commends …
Following an initial three-state product launch two months ago, the Chubb Group of Insurance Companies is now also offering Signature Passport in Arizona, Colorado, Delaware, the District of Columbia, Maine, Michigan, Minnesota, Ohio, Oklahoma, Rhode Island, Tennessee and West Virginia. …
Auto insurance reforms to eliminate third-party, bad-faith action and limit financial obligations of joint defendants to the percentage of their liability will soon be introduced to the West Virginia Legislature by Gov. Joe Manchin III according to Carte Goodwin, the …
