Tort reform proponents in Washington were reportedly not surprised that a report issued Tuesday by the Office of the Insurance Commissioner (OIC) showed continued escalation in both the frequency and the cost of medical malpractice lawsuits. “This report validates what …
A substitute workers’ compensation reform bill moving its way through the Senate includes several elements that employers and insurers believe will help reduce the costs of the system. The House Committee on Workforce Development and Workforce Safety’s substitute for Senate …
ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, announced that its ACE Environmental Risk unit has launched a web-based underwriting facility that enables brokers to access Contractors Pollution Liability Coverage (CPL), www.aceecpl.com. The new ACE …
Georgia Insurance Commissioner John Oxendine announced Tuesday that he has issued a cease and desist order against Phoenix Brokerage Inc. and Main Street Brokerage Inc., both located in Barnesville, and arrested one of the owners for allegedly selling bogus commercial …
Insurance fraud is not a victimless crime,” National Association of Mutual Insurance Companies (NAMIC) State Affairs Manager Tami Stanton told the members of the Vermont House Commerce Committee Friday. “Individuals are victims of sophisticated schemes and rings. Individuals have been …
Insurance Bureau of Canada (IBC) recently announced estimated 2004 financial results for Canada’s home, auto and business insurance companies. Industry data indicate that in 2004, the industry’s 206 companies posted combined net earnings of $4.2 billion. The industry also paid …
Georgia Insurance Commissioner John Oxendine said investigators from his office and the Savannah-Chatham Metropolitan Police Department recently searched the offices of a Savannah towing company believed to have obtained its city permit through insurance fraud. Oxendine said a warrant was …
Missouri Gov. Matt Blunt recently announced Alice Bartlett of Chillicothe as his nominee for the employer representative position on the Labor and Industrial Relations Commission. The appointment comes the same week both the House and Senate were scheduled to debate …
Louisiana Gov. Kathleen Blanco recently pledged $25,000 to the town of Olla in response to the Federal Emergency Management Agency’s (FEMA) decision to deny Louisiana’s appeal for a major disaster declaration and Individual Assistance. “I am extremely disappointed by FEMA’s …
In the aftermath of a disaster, victims are in a vulnerable condition. Their lives have been turned upside down, and they need help. This reportedly creates an ideal situation for con artists to take advantage of people. Federal and state …