London’s Hiscox plc, which writes coverage both through the Lloyd’s market and independently, posted record pre tax profits for 2003 of £83.4 million ($154 million). In addition to the record earnings the preliminary earnings report gave the following highlights: — …
A coalition of New York employers led by the Independent Insurance Agents & Brokers of New York Inc. will urge state lawmakers at a public hearing this week to fix the state’s badly broken workers’ compensation system by containing costs. …
Judge Michael Mukasey has come down hard on Larry Silverstein, barring him from attending the current trial over the amount of recovery for the destruction of the World Trade Center, after he reportedly violated the judge’s order to refrain from …
The Texas Department of Insurance announced it is seeking public input on Article 21.55A, as enacted 78th Texas Legislature, Regarding Water Damage Claim Handling Procedures and Time Frames. The purpose of Article 21.55A is to provide for the prompt, efficient, …
The Arkansas Department of Insurance issued a notice to insurers and other interested parties about a significant new technology in the area of truck and truck cargo security. The Arkansas Department said it wants to make insurers aware of a …
Michigan, the only state that offers unlimited lifetime medical benefits for people catastrophically injured in car crashes, said it will raise by $27 the premium included in consumers’ auto insurance bills, according to the Lansing (Mich.) State Journal. The Michigan …
ESIS Inc., the risk management services arm of ACE USA, announced the appointment of Edward Burkhardt as assistant vice president, Client Services. Based in Los Angeles, Burkhardt will have overall responsibility for account management and client services for the Southern …
To counteract the reported steep rise in medical and prescription drug costs, North Dakota’s Workforce Safety & Insurance’s Board of Directors authorized the agency to go forward with a proposal for a slight premium increase for workers’ compensation coverage. The …
New Jersey Attorney General Peter Harvey announced the arrest of two Pennsylvania insurance brokers on charges they stole more than $100,000 in client insurance premium monies which were supposed to be used to purchase insurance policies – as a result …
Louis Marcotte III, New Orleans area bail bondsman, pleaded guilty in federal court to racketeering charges for allegedly bribing at least two Jefferson Parish judges, according to Associated Press reports. Marcotte recently signed a Louisiana Department of Insurance “Consent to …