The National African-American Insurance Association (NAAIA) announced that its 2004 National Conference and Empowerment Summit, to be held Sept. 16-18 in Chicago, will feature keynote speaker John W. Rogers Jr., chairman and CEO of Chicago-based Ariel Capital Management LLC, an …
A Michigan court of appeals was reportedly correct in its determination that no-fault insurers have the right to review medical bills, and to pay lesser amounts if they deem any procedures to be unreasonable or unnecessary. The Property Casualty Insurers …
Oklahoma Gov. Brad Henry on Thursday continued his call in asking Insurance Commissioner Carroll Fisher to step down from his post. “As I have said before, I believe it would clearly be in the best interest of the state of …
More than $1 million in assistance has been provided since a presidential declaration was approved for West Virginia’s Fayette, Lincoln, Logan and Mingo Counties on Aug. 7. The declaration was a result of severe storms that struck the counties in …
ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, announced the launch of its Energy Casualty Practice, led by Keith Mattheessen. The new group will reportedly enhance ACE’s U.S. energy operations by working collaboratively with ACE’s …
The National Association of Mutual Insurance Companies (NAMIC) and the Property Casualty Insurers Association of America (PCI) have filed an amicus brief urging the U.S. Supreme Court to consider a remand of a second Utah Supreme Court judgment on punitive …
A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of Dao Heng Insurance Company Limited (DHI) (Hong Kong). The outlook is stable. The rating reflects DHI’s prudent capitalization, short-tail risk exposure and good quality business reflected by …
A.M. Best Co. has affirmed the financial strength rating of B++ (Very Good) of Ansvar Insurance Company Limited (Ansvar) (United Kingdom). The outlook remains stable. The rating reflects Ansvar’s very good capitalization, improved underwriting performance and strong business profile. An …
Workers’ compensation premiums would increase an average of only 3.7 percent next year under a proposal issued this week by the Washington Department of Labor and Industries (L&I). The increase is the lowest in three years reportedly because of higher …
In a one-day special session, the Iowa Legislature has passed a controversial economic stimulus package and reforms supported by the Property Casualty Insurers Association of America (PCI) that will reportedly help reduce workers’ compensation costs. Gov. Vilsack has signed the …