The Washington Department of Labor and Industries (L&I) proposed increasing workers’ compensation premiums by 19.4 percent in 2004. Assuming the economy holds steady, the rate increase will bring revenues in line with the workers’ compensation benefits and expenses next year. …
Insurers must begin planning now for the expiration of a federal terrorism insurance backstop program, even though there’s no guarantee that reinsurance will be available if the federal backstop is allowed to expire as planned at the end of 2005. …
Insurance Commissioner Robert Wooley says at least two Louisiana victims have been claimed by a quasi-health insurance telemarketing scam that has been spreading across the United States and Canada. Confirmation of two victims in central Louisiana prompted the Fraud Units …
A Cole Co. Circuit Court judge has granted the Missouri Department of Insurance (MDI) a permanent injunction that prohibits a Virgin Islands-based insurer from soliciting or making medical malpractice sales until it has a proper license or otherwise meets Missouri …
Sedgwick Claims Management Services, Inc. (Sedgwick CMS) has been selected to provide integrated administration of workers’ compensation and disability claims for General Motors Corporation (GM). Sedgwick CMS, administrator of workers’ compensation claims for General Motors for the past eight years, …
Travelers Property Casualty has mobilized its Catastrophe Response Team to assist policyholders that may be affected by Hurricane Isabel. The company has deployed members of its team to Raleigh, N.C., Richmond, Va., and Washington, D.C., to be in place to …
With Hurricane Isabel threatening North Carolina’s coast, Insurance Commissioner Jim Long today released a comprehensive list of consumer tips to address questions frequently encountered by North Carolinians preparing for the storm. These tips answer common questions about how to prepare …
Kentucky Insurance Commissioner Janie A. Miller rejected the filing from an advisory organization expected to be used by most carriers to develop rates for workers’ compensation insurance. According to the Kentucky Department of Insurance, the filing by the National Council …
The Florida Department of Financial Services announced that the director of Hollywood-based Native Assurance Company has been charged with acting as an insurer without a certificate of authority. Native Assurance was ordered in June to cease its insurance operations, and …
Standard & Poor’s has placed its ratings on Centre Solutions (Bermuda) Ltd. and related operating companies (collectively referred to as Centre) on CreditWatch with negative implications because of concerns that the in-force portfolio being placed in managed run-off will not …