While the California Legislature continues to debate the issue of workers’ compensation reform, The Association of California Insurance Companies (ACIC) has developed an issues paper that addresses the major arguments in the current reform scenario. “While everyone seems to agree …
Insurance Fraud Investigators in the Department of Commerce and Consumer Affairs Insurance Division continue to wage a campaign against Hawaii motorists who engage in the illegal activity of insurance fraud. “Fraud inflates the cost of car insurance for everyone,” said …
The Louisiana Oilfield Contractors Association (LOCA) has formed a group self-insurance fund for workers’ compensation coverage for participating members, reportedly marking the first time this successful risk transfer mechanism has ever been employed for energy sector business owners. The LOCA …
Natural and man-made catastrophes caused the deaths of more than 60,000 people worldwide last year, according to Swiss Re’s latest sigma report. Over two thirds of these were the victims of earthquakes. Overall economic losses from catastrophes were approximately $70 …
Employers Committed to Control Health Insurance Costs (ECCHIC), a network of insurance brokers and employers committed to stabilizing medical benefit costs through proactive and creative cost management methods, will present three free seminars on Health Insurance Cost Management in Topeka …
A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) of Generali-Assicurazioni Generali S.p.A. (Generali) (Italy). At the same time, A.M. Best has affirmed the ratings of debt instruments issued or guaranteed by Generali. (See list below.) The …
A judge or jury in New Hampshire can decide whether to award enhanced damages to a man injured by a drunken driver, a state Superior Court judge has ruled. Most states allow enhanced damages in civil lawsuits against drunken drivers, …
A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of the members of United Fire & Casualty Group (Cedar Rapids, IA), which operate under a business pooling arrangement. Concurrently, A.M. Best has affirmed the debt rating of …
State Compensation Insurance Fund filed its Annual Statement for the year ending Dec. 31, 2003 with the California Department of Insurance today, showing total assets of $15.287 billion (including long term investments of $12.6 billion), total liabilities of $13.201 billion …
Louisiana State Sen. James David Cain, R-Dry Creek, the chairman of a state Senate committee on insurance wants to study the costs of coastal erosion on homeowners’ insurance rates. According to the Associated Press, Cain wants to convene insurance companies, …