To combat insurance fraud that costs consumers an average of $200-300 per year, 40 states have established entities responsible for oversight of related investigations and prosecution efforts, according to an analysis by the National Association of Mutual Insurance Companies (NAMIC). …
Summer is upon us, and in the insurance world, that means its prime time for meetings and conventions. Attending meetings and conventions is a great way for insurance professionals to get together, network with peers, gain industry insight and knowledge, …
States with meaningful tort reform are seeing stabilization in the medical professional liability arena from three years ago. Despite the decrease in claims frequency, however, severity persists and insurers must maintain adequate pricing and reserves going forward, panelists told the …
States with meaningful tort reform are seeing stabilization in the medical professional liability arena from three years ago. Despite the decrease in claims frequency, however, severity persists and insurers must maintain adequate pricing and reserves going forward, panelists told the …
Summer is upon us, and in the insurance world, that means its prime time for meetings and conventions. Attending meetings and conventions is a great way for insurance professionals to get together, network with peers, gain industry insight and knowledge, …
States with meaningful tort reform are seeing stabilization in the medical professional liability arena from three years ago. Despite the decrease in claims frequency, however, severity persists and insurers must maintain adequate pricing and reserves going forward, panelists told the …
The Doctors Company, which provides medical malpractice insurance to Wyoming physicians, has received approval from the state for a 7.3 percent base rate increase for medical malpractice insurance premiums. To be approved, rates cannot be “excessive, inadequate or discriminatory,” according …
Nuts & Bolts: Avon, Conn.-based Target Insurance Services has available new markets for home inspectors professional liability, including optional general liability; professional liability for large law firms (50-plus in size); and professional liability for accountants. Through the professional liability program …
Editor’s note: This recurring feature examines insurance coverage decisions in the Midwest’s appellate courts, as compiled by the New York-based law firm of Goldberg Segalla LLP and edited by insurance lawyer Kevin T. Merriman. Westfield Insurance Co. vs. Kroiss (Minnesota …
Nuts & Bolts: ISO introduced a new insurance program to protect financial institutions from employee dishonesty, forgery, computer crime, kidnap and ransom, and safe-deposit liability. The program includes policy forms and endorsements, underwriting rules, loss costs (projections of future claims) …
