West Virginia News

W. Va. Governor Manchin Addresses PIIA This Morning, Discusses His Proposals

Proposals by West Virginia Governor Joe Manchin to bring down insurance rates and increase availability will be discussed this morning during two presentations in Charleston during Insurance Day, sponsored by the Professional Independent Insurance Agents of West Virginia. Jim Pitrolo, …

Med-Mal Writer ProAssurance to Expand Mid-Atlantic Reach with NCRIC Merger

Brimingham,Alabanama-based medcial malpractice insurer ProAssurance Corporation (NYSE: PRA) and NCRIC Group, Inc., our of Washington, D.C., (NASDAQ: NCRI) announced an agreement to merge NCRIC into ProAssurance in a $69.6 million, all-stock transaction which values NCRIC at $10.10 per share based …

Feb. 27-28 PIIA Legislative Day Topics to be Broadcast Live Across W. Va.

Details of an extensive look at the first comprehensive insurance consumer research study completed in West Virginia in decades will be presented by RMS Strategies Inc. during the opening Feb. 27 and 28 Insurance Day program sponsored by the Professional …

PIA of W. Va. EVP Describes Medical Liability Crisis; Hopes for Legislative Action

West Virginia’s medical liability insurance market is in a crisis and it has be fixed soon according to Gray Marion, Professional Independent Insurance Agents of West Virginia executive vice president. Marion commented on the results of a recent poll conducted …

Donegal Group Reports ‘Solid’ 2004 Results

Pennsylvania-based Donegal Group Inc.reported that net income for year ended December 31, 2004 reached an historic high for the company. Net income for the year ended December 31, 2004 was $31,614,269, compared to $18,293,976, for the year ended December 31, …

W. Va. Agency Opening Martinsburg Office to Cater to Hispanic Clients

Veronica Hall, an associate agent with Maiden Financial in Martinsburg has announced the opening of what she thinks is West Virginia’s first insurance agency catering to Hispanic clients. Hall said she didn’t intend to work in the insurance industry and …

W.V. Workers’ Compensation Commission Terminates Beckley Doctor

The West Virginia Workers’ Compensation Commission in Charleston has terminated a Beckley physician from the program, “for providing health care that is excessive, medically unreasonable and unethical.” Michael Kostenko, DO, of Beckley abused the workers’ compensation system by allowing massage …

Management and Professional Liability

Nuts & Bolts: Pittsburgh-based National Union Fire Insurance Co. has launched PrivateRisk Protector, a new management and professional liability portfolio of coverages designed to address the broad spectrum of exposures to the financial health of private companies. With PrivateRisk Protector, …

E&S Markets Medium, Softening Across the Board

Rising property prices and a healthy economy after the election year have encouraged competition for casualty business. Although account size is sometimes a factor in the directions prices move, E&S specialists say they are doing fine selling to a large …

Management and Professional Liability

Nuts & Bolts: National Union Fire Ins. Co. of Pittsburgh, Pa., a member company of American International Group Inc., launched “PrivateRisk Protector,” a new management and professional liability portfolio of coverages designed to address the broad spectrum of exposures to …