A bill designed to reintroduce 7 percent flex rating and 2 percent nonrenewal for insurers, commonly referred to as “extenders,” has been introduced by New York Sen. William J. Larkin (R, 39th district) and Sen. James L. Steward (R, 51st …
Acting Louisiana Commissioner of Insurance Robert Wooley announced that State Farm will issue new information to Louisiana policyholders clarifying the company’s prior notice on mold and fungus claims. Over the past several months, State Farm has mailed notices to all …
Meridian Health Care Management, Inc., a nationwide provider of outsourced managed care technology and administrative services, announced a new release of their managed care information system, PRIMEridian(TM). The version 6.0 is slated to significantly improve operational efficiency and the rate …
The best way to put a stop to rampant auto insurance fraud in New York is to aggressively address the state’s flawed no-fault insurance system by going after the criminals who perpetrate the fraud, according to the National Association of …
The Hartford Financial Services Group, Inc. is now offering Complex Claim Advice, a solution for employers who self-insure their short-term disability plans. The Complex Claim Advice solution is available to employers with 50 or more lives who self-insure their short-term …
The Insurance Council of Australia (ICA) has now estimated that insured losses from the bushfires that have devastated the area surrounding Canberra, the capital city, (See IJ Website Jan 20) may reach A$150 (U.S. $88.9 million), an increase of almost …
Investigators with the California Department of Insurance (CDI) Criminal Investigations Branch announced these recent developments in insurance fraud cases: ·Preliminary hearing decision of the San Diego Superior Court case of Carmen John Palmieri, who allegedly defrauded 120 senior citizen investors …
In an unusual preliminary announcement Credit Suisse indicated that its losses for 2002 could reach SFr 3.4 billion ($2.48 billion) while fourth quarter losses might be as high as SFr. 1 billion ($730 million). It will present its official results …
California-based Zenith National Insurance Corp. reported that its actuaries have completed a review of the loss and loss adjustment expense reserves of our insurance companies at Dec. 31, 2002 and have determined that it is necessary to increase workers’ compensation …
Reforms aimed at improving West Virginia’s beleaguered medical malpractice market passed late last week by the House of Representatives is a step in the right direction and should be passed as quickly as possible by the state Senate, according to …