A New Hampshire bill mandating that medical malpractice cases be screened by a special panel before being allowed to go to court has won House approval, 203-113. A medical provider, judge and a lawyer would serve on the panel. If …
Houston-based Encore Bank named William Reed Moraw to manage its insurance agency operations. Encore said Moraw will become agency president upon completion of the bank’s acquisition of Town & Country Insurance Agency Inc. “We are fortunate to have an individual …
A convincing case can be made for government involvement in providing medical malpractice insurance for high-cost claims and shortcomings in some such arrangements, such as Pennsylvania’s Mcare fund, are due to implementation problems rather than program design. That is the …
Overland Park, Kan.-based agency franchisor Brooke Corp. announced that 2003 earnings totaled $4.16 million, or 79 cents per diluted share on 2003 revenues of more than $65 million. Annual earnings increased more than 186 percent from 2002 earnings of $1.45 …
The securities litigation landscape remains challenging for all involved in the directors and officers market, executives attending the recent 2004 PLUS D&O Liability & Insurance Issues Symposium were told. Introducing the session titled “An Overview of the Securities Litigation Landscape,” …
A Florida Senate bill introduced by a prominent legislator and trial attorney would reportedly create “Christmas for trial lawyers” under the guise of protecting the elderly against exploitation by a financial institution. “The bill’s loophole-laden language provides the trial bar …
The National Association of Mutual Insurance Companies (NAMIC) said that its member companies were pleased that before West Virginia lawmakers adjourned Saturday they enacted House Bill 4004, an omnibus insurance bill that includes provisions to create an anti-fraud unit. “Creation …
A.M. Best Co. announced that it has affirmed its “A+” (Superior) Syndicate Rating of Lloyd’s Syndicate 1414 with a stable outlook. “The rating reflects explicit support from American Home Assurance Company, excellent expected performance and the excellent profile of the …
A.M. Best Co. announced that it has affirmed the “A+” (Superior) financial strength rating of Japan’s Mitsui Sumitomo Insurance Company Ltd. with a stable outlook. “The rating reflects Mitsui Sumitomo’s superior capitalization, strong market presence and stable operating performance,” said …
National Union Fire Insurance Company of Pittsburgh, (National Union), a member company of American International Group Inc. (AIG), announced the launch of Risk Capital Protector, a program designed to respond to the organizational and managerial liability exposures of venture capital …