A Redmond, Wash. woman filed a bad faith lawsuit against Farmers Insurance Company of Washington (Farmers) accusing the company of systematically using a computer program called “Colossus” to provide an inaccurately low evaluation of her severe injuries in order to …
A bill that passed both houses of the Georgia Legislature contains several positive civil justice reforms and should be signed into law by the governor, according to the Alliance of American Insurers. According to the Alliance, HB 792 would revamp …
Dallas-based GAINSCO INC. reported net income for the first quarter 2003 of $0.1 million. After including effect for the accretion of the discount on the redeemable preferred stock of $0.7 million and the accrual of dividends on the redeemable preferred …
New York Superintendent Gregory Serio, along with Albany District Attorney Paul Clyne, announced that Dierdre Wolberg, co-owner of State Opticians has been sentenced to six months house arrest and five years felony probation for reportedly defrauding the Capital District Physicians’ …
Alliance of American Insurers (AAI) New England Regional vice president Frank O’Brien expressed disappointment Thursday with the Massachusetts Attorney General’s reported decision to seek a 21-percent reduction in workers compensation insurance rates. “The Alliance is dismayed that there is such …
The Alliance of American Insurers (AAI) is applauding House Judiciary Committee Chairman F. James Sensenbrenner Jr. (R-Wis.) for holding a committee hearing Thursday that will reportedly help raise the profile of a critically-important civil justice issue: class action fairness and …
The National Council on Compensation Insurance (NCCI) released its annual “State of the Line” preliminary workers’ compensation market analysis this week, with this year’s report indicating that the industry’s combined ratio for Calendar Year 2002 is 110 percent, a remarkable …
The issue of whether insurers must compensate claims adjusters on a salary basis without overtime pay has been the subject of class action litigation and considerable concern among insurance company management. Most of the litigation has been filed in California, …
Oklahoma Insurance Commissioner Carroll Fisher told tornado survivors this week he will help the insurance industry in any way possible to resolve claims resulting from the May 8 outbreak. Fisher made his comments as he toured storm ravaged areas of …
Georgia Insurance Commissioner John Oxendine and Fitzgerald Fire Chief Roger Coleman are investigating an arson fire that heavily damaged the old Fitzgerald High School this week. Oxendine reported that a juvenile suspect is being held at the Eastman Regional Youth …