Guy Carpenter & Company Ltd. reported the release of a new report, A Year in Review – 2005 Update: Issues and Trends Affecting the Liability Market in England and Wales. The in-depth review is conducted annually to help put key …
The National Council on Compensation Insurance has issued an independent evaluation of South Carolina Gov. Mark Sanford’s workers’ compensation overhaul proposal and says the governor’s top recommendations would yield little savings and prompt higher premiums. NCCI compiles information on workers’ …
Soon after Nov. 29, when their house, possessions and family heirlooms were swallowed by a sinkhole, Troy and Yvonne Givens of Portland, Tenn. filed a claim, and are waiting for a final decision from Hartford Insurance, which initially said it …
“Practical Tools for Claims Resolution” is the theme of the Feb. 8 to 11 Seventh Annual Windstorm Conference and Exhibition featuring two leading hurricane experts, Max Mayfield, director of the National Hurricane Center, and Bill Bailey, director of the Hurricane …
A state-mandated catastrophe fund is not needed in New York, according to the American Insurance Association (AIA). “The creation of a catastrophe fund in New York State is not warranted. The creation of such a fund would cause New Yorkers …
State Farm Insurance is issuing refunds to approximately 3,800 automobile insurance policyholders in New Brunswick (Canada) as a result of an error in the application of a New Business Discount that was introduced in 2000. State Farm reported this error …
Texas-based American National Insurance Company reported that its subsidiary property and casualty companies, including American National Property and Casualty (ANPAC) and ANPAC Louisiana Insurance Company and their subsidiaries, have increased their estimated after-tax loss estimate from Hurricane Katrina to $79.4 …
Policyholders with a covered claim against insolvent Reciprocal of America can expect a partial payment soon. The Virginia State Corporation Commission is authorizing the deputy receiver of the liquidated reciprocal insurer to make a 17 percent distribution to policyholder-level claimants. …
A South Carolina workers’ compensation panel has reported to Gov. Mark Sanford that changing the workers’ compensation system is the key to making the state a better place to grow business and create jobs. In June, the National Council on …
Insurers in Mississippi are expected to pay out $12 billion in insured losses stemming from Hurricane Katrina. According to Property Claims Services, the New Jersey-based subsidiary of the Insurance Service Office, which compiles data based on actual claims processed by …