A radiologist has sued his former employers, claiming they forced him into retirement when they dropped him from their malpractice insurance, according to Annapolis’ The Capital. Dr. David O’Brien of North Beach and his wife, Frances O’Brien, also claim employees …
Key changes made by the South Carolina Supreme Court before adopting criteria for the sealing of court records and settlement agreements help balance the interests of confidentiality and disclosure, according to the Alliance of American Insurers (AAI). “The court’s order …
The National Association of Independent Insurers (NAII) has endorsed two recent decisions by the Vermont Supreme Court that settled two insurance-related cases dealing with underinsured motorist (UIM) coverage, by ruling that insurance policy and state law take precedent in settling …
New Jersey-based Selective Insurance Group, Inc. reported net income of $12.3 million, or $0.46 per diluted share, for the fourth quarter ended Dec. 31, 2002, compared with $6.4 million, or $0.25 per diluted share, for the same period last year. …
Nextance, Inc., a provider of enterprise software for enterprise contract management, announced that the Fireman’s Fund has chosen Nextance(TM) for the management of their procurement contracts, RFx process and related commitments. Fireman’s Fund provides business and personal insurance coverage coupled …
San Antonio-based specialty insurer Argonaut Group Inc., announced that it will delay the release of its fourth quarter and year-end financial results in order to complete a study of its reserves relating to asbestos and environmental liabilities. Argonaut reportedly has …
Marsha Arlene Johnson of Inglewood, Calif., pleaded guilty to a felony charge of workers’ compensation insurance fraud. Johnson was ordered to pay full restitution in the amount of $28,861.77, and received five years’ probation and 200 hours of community service. …
Custard Insurance Adjusters Inc. has opened a new office in the Grand Junction, Colo. area. The office is staffed with adjusters that have 20-plus years of multi-line adjusting experience. They cover the entire Western Slope area of Colorado from Aspen …
Insurers looking to identify and price terrorism exposures have a new tool available from decision-data expert Oxxford Information Technology, Ltd. Oxxford’s Vulnerability Index (www.risk-mkt-data.com), as the product is called, is powered by a proprietary geo-coded database of 28 million businesses …
The Alliance of American Insurers (AAI) has urged the American Bar Association (ABA) to adopt a new medical standard regarding asbestos claims. The ABA’s Commission on Asbestos Litigation will present its recommendation for a new standard to the House of …