Insurance coverage for exposure to mold in the environment is impossible to provide because losses cannot be quantified or defined with the current medical, scientific, biological and environmental information available, the Association of California Insurance Companies (ACIC) explained during a …
The Montana legislature will consider several insurance-related bills this session, covering topics including use of credit, prompt claims payment, stacking of motor vehicle liability coverages, consumer privacy, producer licensing, workers’ compensation benefits and access to court records. “With more than …
Horace Mann Educators Corp., based in Springfield, Ill., today reported net income of $13.5 million, or 33 cents per share, for the fourth quarter, up from $4.8 million, or 12 cents per share, for the year-earlier quarter. But for the …
Group Health Cooperative has reportedly reached a tentative settlement in a class-action lawsuit brought by members over alternative health care. A June 16, 2003, hearing has been set in Washington’s King County Superior Court for final approval. Group Health members …
The Professional Insurance Agents of New York State Inc. praised Sen. Majority Leader Joseph Bruno for his comments at the Crain’s Breakfast Forum, urging comprehensive tort reform for New York state. The New York City Partnership presented the forum at …
South Carolina-based The Seibels Bruce Group, Inc. announced that the South Carolina Department of Insurance (SC DOI) has approved the company’s request to permit its subsidiary Catawba Insurance Company (CIC) to enter the risk-bearing personal automobile and property insurance markets …
Bermuda-based Montpelier Re Holdings Ltd., a subsidiary of the White Mountains Insurance Group, announced that it’s raising its fourth quarter and full year 2002 earnings per share estimates. The company said it “expects to report diluted earnings per share of …
Perot Systems Corporation announced that Blue Cross & Blue Shield of Rhode Island (BCBSRI) has selected Perot Systems to manage the health plan’s technology and business process operations. Under the arrangement, Perot Systems will provide transformational services that will include …
The Midland Co., a provider of specialty insurance products and services, reported fourth-quarter 2002 net income before capital gains/losses of $7.7 million, or 43 cents per share, compared with $9.3 million, or 51 cents per share, in 2001. These results …
NAMIC said it is pleased to announce that class action reform legislation was introduced in the Senate earlier this week. This legislation reportedly allows for the removal of certain interstate class action lawsuits to federal court from state courts if …