Reed Group announced that Montana State Fund (MSF) has adopted “The Medical Disability Advisor” (MDA), for use in their claims management processes. The MSF’s medical and non-medical staff will use the MDA guidelines to support their decision-making process in the …
The federal jury in New York, which is deliberating over the terms of the binding agreements governing the recovery for the destruction of the World Trade Center (See previous articles) has ended the sixth day without reaching a verdict. Judge …
An anonymous group of supporters of embattled Chicago insurance broker Michael Segal has launched a Web site to bolster his tarnished image. Segal, the CEO of Near North National Group, is on trial on federal charges of embezzling more than …
Allstate Insurance Co. has lost its bid to squash a class action discrimination suit against it for its use of credit scoring in setting insurance prices. The U.S. Supreme Court this week denied the Northbrook, Ill.-based insurers’ bid to end …
Hurricane Isabel was directly or indirectly responsible for 50 deaths nationwide and caused an estimated $170 million of property damage in North Carolina last September. Experts predict 14 named storms and eight hurricanes in the Atlantic basin for 2004. Now …
With the first spring storms and tornadoes of the season having shown their dangerous and destructive strength recently, Illinois Attorney General Lisa Madigan has warned homeowners and businesses to protect themselves from repair scam artists eager to make money after …
In a recent ruling, Judge Munley of the United States District Court for the Middle District of Pennsylvania granted Ohio-based Safelite Glass Corp.’s motion to file new counterclaims and defenses against Diamond Triumph in the Diamond Triumph Auto Glass Inc. …
Bermuda-based ACE Limited (NYSE:ACE) reported net income for the first quarter ended March 31, 2004 of $447 million or $1.53 per share, compared with net income of $247 million or $0.90 per share for the prior year. Income excluding net …
An Abington, Massachusetts man has pleaded guilty to charges he schemed, along with his insurance agent, to avoid paying more than $131,000 in workers’ compensation insurance premiums, Attorney General Tom Reilly announced. Patrick J. O’Shaughnessy, 61, of Abington pleaded guilty …
The AIG Companies have launched Venue Liability Protector, a commercial coverage designed to address the casualty risks of public venues and accident risks of patrons at performance and hospitality events. Venue Liability Protector is a broad, general liability coverage that …