Liberty Mutual said it will continue its legal fight even after a federal judge formally approved a $450 million workers’ compensation class-action settlement between AIG and its rival companies. The class action alleged that American International Group (AIG) and its …
The assessment surcharge added to workers’ compensation costs for New York employers is increasingly becoming a burden for businesses, according to a new study. In New York State, the assessment surcharge is currently 20.2 percent — which is more than …
The Treasury Department’s Federal Insurance Office was expected to complete and send its highly anticipated report on modernization of insurance regulation to Congress in January. But now, it looks like it may take a bit longer. A spokesperson for the …
Authorities in New Jersey announced last week that a Union City woman and her Jersey City brother were indicted for their alleged roles in a scheme to submit false auto insurance claims. According to Acting Insurance Fraud Prosecutor Ronald Chillemi, …
Insurance industry conferences are usually serious and dry affairs. And they are probably even more so in the current environment where insurers have been grappling with huge catastrophe losses. But Dr. Robert Hartwig, president of the Insurance Information Institute, provided …
The Consumer Federation of America, a Washington, D.C.-based group whose insurance division is directed by consumer advocate J. Robert Hunter, recently published a guide with “insiders’ advice” on filing a successful auto insurance claim, collecting a fair settlement, and dealing …
Now that the year 2011 is behind us, let’s take a look at what might be ahead. Insurance Journal spoke with leading industry professionals and asked them what they are expecting this year. If their forecasts are any guide, 2012 …
It turns out there was another player in last year’s merger deal between Nationwide Mutual Insurance Co. and Harleysville Mutual Insurance Co. According to a news report, Liberty Mutual also made an offer last September to buy Harleysville but was …
Many law schools try to attract more applicants by showing off how well their graduates do in the real world. The schools tell their prospective students about their graduates’ high employment and salary figures. But critics say some schools are …