March 19, 2008
A health scare linked to unsafe practices at surgical centers across Nevada is prompting some lawmakers to press for a review concerning a voter-imposed cap on medical malpractice punitive damage awards. While most support the caps — which limit awards …
March 19, 2008
A bill approved by the Arizona Legislature would mandate insurance coverage for diagnosis and treatment of autism. A 23-6 Senate vote completed legislative action on the bill (HB2847) previously approved by the House. That sent it to Gov. Janet Napolitano. …
March 19, 2008
California Insurance Commissioner Steve Poizner announced a 15.9 percent decrease in auto insurance rates for customers of Allstate Insurance Co. and Allstate Indemnity Co. This $244 million reduction culminates months of negotiations and an administrative hearing, which began with Allstate …
March 19, 2008
A contractor died in an accident at a West Virginia coal preparation plant. State Office of Miners’ Health, Safety and Training Director Ron Wooten says 47-year-old John G. Workman was pinned under a 475-pound metal plate that he was removing …
March 19, 2008
A severely burned Ora Murphy lay on a gurney at a coal mining operation in the remote mountains of eastern Kentucky waiting for a medical helicopter to transport him to a hospital nearly 100 miles away. Problem was, no one …
March 19, 2008
Willis Group Holdings has appointed Timothy Clarke as regional growth leader for the New York region and executive vice president of Willis of New York Inc. Clarke’s responsibilities include leading client retention and growth for Connecticut and New York State …
March 19, 2008
The Insurance Department of New York is telling property owners they “should act now” to buy flood insurance, as saturated ground conditions could worsen with heavy spring rains and increase the potential for floods. “Many people are unaware that most …
March 19, 2008
A Connecticut bill that would have banned insurers in from rating Nutmeg State drivers using credit scores has died in committee. The bill has passed a procedure deadline set by the General Assembly’s Insurance and Real Estate Committee without any …
March 19, 2008
Woodbridge, N.J.-based The Marquis Agency, a national specialty insurance brokerage and risk management firm, said it is expanding its transportation insurance practice and has organized a separate business unit to manage the business segment. Marquis has hired Shawn Young to …
March 18, 2008
To no one’s surprise A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aaa” of Government Employees Group (GEICO) and its P/C members. Best also affirmed the ICR of “aaa” …