DriverShield Corp. has signed a non-binding Memorandum of Understanding to acquire Presidion Solutions, Inc. headquartered in Troy, Mich. Presidion is one of the nation’s largest Professional Employer Organizations (“PEO”) with more than 3,500 clients, 50,000 worksite employees and revenues in …
Monitor Liability Managers Inc., a subsidiary of W.R. Berkley Corporation, announced that it will be actively pursuing additional business opportunities in the states of Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington, and Wyoming. Leading this effort are …
Iowa Commissioner Therese Vaughan, outgoing president of the National Association of Insurance Commissioners (NAIC), will deliver the keynote address at the 2003 American Association of Insurance Services (AAIS) Annual Conference, April 6-8 in Monterey, Calif. To register for the conference, …
The length of the current hard market should not be overestimated and the creativity of the plaintiff’s bar to impose new costs on insurers should not be underestimated, a panel of outside experts told insurance executives recently attending the seventh …
Fair, Isaac and Company, Incorporated, a provider of analytics and decision technology, has acquired the medical bill review business of Spectrum Managed Care, a wholly owned subsidiary of San Diego-based Ward North America Holding, Inc. The asset acquisition will expand …
The AMVISTA Group, a unit of American Workers Assurance, made its Michigan debut recently by opening an operation in Grand Rapids. The AMVISTA Group offers a high value workers’ compensation insurance product through independent agencies in the greater Grand Rapids …
Even being in business for over 90 years doesn’t seem to assure financial stability these days. 2002 was not a good year for the Chicago-based Kemper Group, headed by Lumbermen’s Mutual Casualty Company, a leading writer of workers’ compensation coverage, …
New York State Superintendent of Insurance Gregory V. Serio has submitted the NYSID’s Annual Report on the operations of the Insurance Frauds Prevention Act and the activities of the Insurance Frauds Bureau for Calendar Year 2002 to the Governor and …
A new battle has erupted over WTC claims between Larry Silverstein, head of Silverstein Properties, the master leaseholder, and Zurich American Insurance Co. (ZAI), a subsidiary of Zurich Financial Services. The dispute, while related to the events of Sept. 11 …
Travelers Property Casualty Corp. is pursuing implementation of web-based medical billing and reporting for its workers’ compensation business. This connectivity, enabled by services from P2P Link LLC, will mark another significant step in Travelers’ efforts to transform workers’ compensation claim …