The Oklahoma House approved a bill earlier this week regarding insurance scoring that is based on model legislation developed by the National Conference of Insurance Legislators (NCOIL), the American Insurance Association (AIA) reported. “While SB 539 does limit the use …
Leanne Dyess, a victim of the country’s severe access to health care crisis, joined Arkansas seniors, physicians, and business leaders at a press conference this week to ask U.S. Senator Blanche Lincoln (D-Ark.) to vote for meaningful medical liability reform …
In recognition of today’s workers’ compensation marketplace, the New Mexico Division of Insurance has exempted workers’ compensation insurance rate filings from the 90-day waiting period required by state law. The division recently issued bulletin 2003-004, which exempts workers’ compensation rate …
Employers Insurance Company of Nevada, A Mutual Company (the “Company”), a leading provider of workers’ compensation products and services, reported its statutory financial results for the fourth quarter and full year ended Dec. 31, 2002, including the statutory financial position …
The German government recently announced it would not give state aid to Deutsche Lufthansa AG in the event of a terrorist attack, according to Dow Jones Newswires. The Finance Ministry cited insurers’ present willingness to cover damages as the basis …
The property/casualty industry reported a statutory rate of return of 1.0 percent in 2002, up from the worst-ever negative 2.4 percent recorded in 2001. The results were released by the Insurance Services Office, Inc. (ISO) and the National Association of …
Insurers and legislators who have collaborated on a bill designed to fine-tune Georgia’s motor vehicle insurance database are hoping that an unrelated amendment will not spoil chances of the bill’s eventual passage, according to the National Association of Independent Insurers …
The recent nightclub tragedies in Chicago and Rhode Island, which all told killed 120 people, will lead to stricter underwriting and discourage new carriers from entering that volatile market, according to a broker who has placed entertainment risks for 10 …
Standard & Poor’s has revised its outlook on Markel Corp. (Markel), Markel International Insurance Co. Ltd., and Markel’s U.S. insurance subsidiaries to positive from negative because of the historically strong underwriting results of Markel’s U.S. insurance operations, the company’s position …
New York Superintendent of Insurance Gregory Serio announced the arrest of Ricky DeSantis of Rochester, who was charged with insurance fraud, attempted grand larceny and falsifying business records. It is alleged that on Feb. 10, 2003 DeSantis, 22, added a …