John M. Walker, Jr., Chief Judge of the U.S. Court of Appeals for the Second Circuit, has issued a ruling denying Silverstein Properties’ motion for summary judgment in its battle with Swiss Re, Travelers and other insurers over the amount …
In an obvious gaffe in the Sept. 24 recall debate, Arnold Schwarzenegger called the recently passed Workers’ Compensation Reforms, “pre-election bogus.” Senator Richard Alarcón (D-Van Nuys) the Senate Chair of the Workers’ Compensation Conference Committee responded to Schwarzenegger’s comments. “It’s …
New financial privacy requirements and legislation aimed at cutting workers’ compensation costs are the two most significant public policy measures that impacted the property/casualty insurance industry during the 2003 California legislative session. The session ended Sept. 12, and the Legislature …
Missouri Gov. Bob Holden announced the creation the 17-member Missouri Commission on Patient Safety to improve the quality of health care and further reduce the number of medical malpractice claims in the state “Despite the recent upsurge in attention to …
The Wisconsin General Assembly continues to hold hearings on insurance-related bills on a variety of issues including mandatory private passenger automobile insurance coverage, liability for dog bites, and product liability reform, according to the National Association of Independent Insurers. Bills …
A.M. Best Co. has downgraded the financial strength ratings to B+ (Very Good) from A- (Excellent) of the Royal & SunAlliance USA Insurance Pool (North Carolina) and the Royal Surplus Lines Insurance Company (Connecticut). The surplus lines company is a …
The Independent Automotive Damage Appraisers Association added three new members to its group. John Overton , Appraisal Service of Mississippi, Madison, Miss., – Joe Chapman, Independent Insurance Appraisals, Brandon, Miss., – and Dexter McGaha, Allstar Appraisals, Acworth, Ga. The IADA …
Donegal Group Inc. reported that the financial impact of property claims from Hurricane Isabel, net of reinsurance, will total approximately $1 million which will reduce net income by $650,000, or $.07 per share on a diluted basis, for the quarter …
Oregon Governor Theodore Kulongoski announced this week that two state business fees used to pay for workers’ compensation and workplace safety programs will be reduced next year, in part to reflect administrative cost savings by the agency that manages those …
The Hartford Financial Services Group will continue to insure homeowners, automobile and commercial insurance customers hardest hit by Hurricane Isabel if they are temporarily unable to make their insurance payments. Customers in designated areas of Delaware, Maryland, North Carolina, Pennsylvania, …