The Alliance of Specialty Medicine testified Thursday about the crippling toll that unwarranted lawsuits and skyrocketing jury awards are having on the insurance premiums paid by small physician practices throughout the nation. The group testified before the House Committee on …
A.M. Best Co. announced that it has affirmed the financial strength rating of “B++” (Very Good) and the issuer credit rating of “bbb” of Malaysia’s Labuan Reinsurance with a stable outlook. “The rating reflects the company’s improved underwriting performance, solid …
The “Kyoto Protocol” or Treaty, a global agreement aimed at reducing greenhouse gasses, has come into force seven years after it was established. So far 141 countries, accounting for 55 percent of greenhouse gas emissions, have ratified the treaty, which …
The Indiana House passed HR 1403, a fraud bill that would increase jail terms for larger insurance scams, by 95 to one and will move to the Senate for debate. According to the Coalition Against Insurance Fraud, “Beefing up Indiana’s …
New York Attorney General Eliot Spitzer announced an agreement with a Rensselaer County veterans organization to provide more disaster relief funds to families that were burned out of their homes in Troy in January 2004. The agreement follows talks between …
A Downey law office administrator, Rebecca M. Perez, of Riverside, and two Downey chiropractors, Dr. Raymond T. Oca, of Cypress, and Dr. Paul J. Lopez, of Huntington Beach, surrendered themselves to the Los Angeles County Superior Court after being charged …
A toll-free application telephone number is now operational for those who suffered property damage or loss in the declared counties affected by the severe storms, flooding, and mudslides beginning Dec. 22 through Feb. 1, 2005 Lee Champagne, federal coordinating officer, …
The Domestic Accident and Health Division of the AIG Companies announced the launch of AIG Vision Care, a new insurance program designed to help companies strengthen their benefit packages with broad vision coverage that can be customized to meet the …
Connecticut-based Smiths Aerospace Components faces $116,000 in fines from the U.S. Labor Department’s Occupational Safety and Health Administration (OSHA) for safety and health hazards at its 255 Sheldon Rd. plant in Manchester, Conn. The airplane components manufacturer was cited for …
A few days remain for Indiana residents who wish to visit the temporary Disaster Recovery Centers (DRCs) in Gibson, Martin and Washington Counties . The DRC operating in Washington County will close at 6 p.m. on Friday, Feb. 18, while …