Ohio Casualty Corporation expects to report that reserve strengthening related to losses and loss adjustment expenses for accident years prior to 2002 will be approximately $10 million dollars before tax for the fourth quarter of 2002. It also expects to …
The Alliance of American Insurers (AAI) is applauding President Bush’s continued support for medical liability reforms, as evidenced in his State of the Union address Jan. 28. “President Bush has once again sent Congress a clear-cut message to act on …
A recent order by the Supreme Court of Florida to approve amendments to the rules regulating the Florida Bar is a significant victory for insurers and consumers alike, according to the Alliance of American Insurers (AAI). “This is a huge …
Recent and planned walkouts by surgeons protesting escalating malpractice insurance costs is gaining attention, however Fitch Ratings reports it is too early to tell what, if any, impact these walkouts may have on hospitals and whether walkouts will be more …
San Diego-based Barney & Barney LLC, recently expanded its Executive Risk Practice with the addition of John Niedernhofer as a senior account executive. Niedernhofer, formerly the Regional Financial Lines manager with Marsh Advantage America, was responsible for coverages such as …
The findings of a recent survey on the use of insurance scores commissioned by the Washington Office of the Insurance Commissioner (OIC) are inconclusive and do nothing to dispel insurer contentions that such scores are a valid and accurate underwriting …
Standard & Poor’s has placed its ‘A’ insurer financial strength and counterparty credit ratings on ACE Insurance Ltd. on CreditWatch with negative implications as a result of similar action taken on parent ACE Ltd. This action follows the placement of …
The Hospital Council of Western Pennsylvania (HCWP) applauded the remarks made by President Bush in his State of the Union address Tuesday night on medical malpractice reform, noting that it had pushed the issue into the national spotlight and made …
Lloyd’s Chairman, Lord Levene, speaking to the Association of Insurers and Risk Managers (AIRMIC) at the Institute of Directors in London, described Lloyd’s as “a beacon of certainty in an uncertain world.” With “economic turmoil and international tension” causing uncertainty, …
Sapias(TM), Inc., a developer of intelligent resource management solutions, announced a multi-year partnership in which Minnesota-based The St. Paul Companies will introduce Sapias Fleet Intelligence(TM) to its customers. Under the terms of the agreement, the two companies will work together …