The Louisiana Department of Insurance’s recent clarification how insurers may use absolute pollution exclusions on commercial lines policies, is expected to ease industry concerns over the application of previously published claims handling guidelines. The department’s clarifying letter was issued in …
The American Insurance Association (AIA) said that a “new” study released on Jan. 31, by Americans for Insurance Reform (AIR) outlining supposed reasons for the medical malpractice crisis in New Jersey is misleading and inaccurate. AIA noted that this “new” …
Insurance Skills Center (ISC) recently announced it has developed two new workshops that address the growing concern over insurance implications of toxic mold claims and recent court decisions. This past year saw a significant increase in mold claims on both …
Diane Colborn, vice president of the Personal Insurance Federation of California (PIFC), told the Assembly Insurance Committee Wednesday that the most significant factor in recent homeowners insurance premium increases has been the dramatic increase in water loss claims and related …
“If doctors can’t obtain insurance, patients can’t get care,” said Michael Daubs, MD at a special press-briefing panel on the professional liability crisis held at the American Academy of Orthopaedic Surgeons’ (AAOS) 70th Annual Meeting in New Orleans. Daubs is …
Ohio Casualty Corporation announced net income of $29.1 million, or $.48 per share, for the three months ended December 31, 2002. The net income for the fourth quarter of 2001 was $41.8 million, or $.69 per share. After-tax operating income, …
Standard & Poor’s has placed on CreditWatch with negative implications its ‘A+/A-1’ counterparty credit and senior debt ratings on New Jersey-based The Chubb Corp. following an announcement by Chubb of several unexpected incremental fourth-quarter 2002 charges for the strengthening of …
The Centers for Medicare and Medicaid (CMS) awarded a contract for the redesign, replacement and maintenance of a core Medicare claims processing system component – the Common Working File (CWF). The winning bid was submitted by a team led by …
Bermuda’s RenaissanceRe Holdings Ltd. posted $105 million in fourth quarter net operating income available to common shareholders (excluding realized investment gains and losses) compared to $46.6 million in the fourth quarter of 2001. RenRe’s net operating income available to common …
The Coalition to Heal Healthcare in Florida, which includes Florida’s hospitals, doctors and major business groups, applauded the final report of a task force studying the state’s medical liability crisis, saying its proposals will help lower healthcare costs for everyone …