Gov. Jeb Bush (R) announced recently that his Cabinet will develop a package of financial relief for Florida citizens adversely affected by this season’s hurricanes. The package will include a proposal, subject to legislative approval, for assistance to Florida policyholders …
With insurance fraud reportedly totaling an average of $80 billion a year, North Carolina-based MJM Investigations Inc. and Ward North America have inked an agreement that emphasizes the commitment of both companies to help reduce the rising cost of insurance …
The Texas Department of Insurance (TDI) has scheduled a number of public hearings in November 2004 that may be of interest to property and casualty insurance professionals. On Nov. 2 at 10:00 a.m., Docket No. 2602, concerning approval of the …
Senate President Thomas V. Mike Miller this week blasted Gov. Robert Ehrlich’s latest medical malpractice plan as “a work of fiction” and “a completely different bill” from the one he, the governor and House speaker agreed to at a meeting …
Bermuda’s ACE Limited reported a net loss for the third quarter ended Sept. 30, 2004 of $3 million or $(0.05) per common share after payment of preferred dividends, compared with net income of $355 million or $1.22 per share for …
Bermuda’s RenaissanceRe Holdings Ltd. reported a net operating loss attributable to common shareholders of $372 million for the third quarter of 2004, versus net operating income available to common shareholders of $112 million for the comparable period in 2003. Even …
Standard & Poor’s has affirmed its ‘BBBpi’ counterparty credit and financial strength ratings on Cumberland Mutual Fire Insurance Co. (Cumberland Mutual) and its subsidiary, Cumberland Insurance Co. Inc. (Cumberland). The rating affirmation is based on the group’s extremely strong capitalization, …
A consultant has drafted a plan for a medical malpractice liability fund that would attempt to reduce the rising premiums doctors pay for malpractice insurance in Wyoming. The plan was reviewed Oct. 25 by the Wyoming Healthcare Commission. It was …
New Hampshire Attorney General Kelly Ayotte announced that the New Hampshire Supreme Court affirmed the conviction of James Moran, Jr. d/b/a Exterior Solutions who had previously been convicted of the crime of Unfair or Deceptive Business Act or Practice. Moran …
New Jersey Division of Criminal Justice Director Vaughn McKoy announced that a Gloucester County man has pleaded guilty to stealing more than $38,000 in workers’ compensation benefits by falsely claiming to be enrolled at a community college. According to Insurance …