The Oregon Supreme Court has ruled that parts of the Oregon Torts Claims Act that limits liability claims against governments violates the Remedy Clause of the Oregon Constitution, creating the potential for liability claims against public employees. The decision also …
The Proformance Insurance Co., the main operating subsidiary of National Atlantic Holdings Corp., a provider of specialized property-casualty insurance products based in Freehold, N.J., has appointed Thomas Glowacki as vice president of claims. Prior to joining Proformance, Glowacki served as …
New leaders tackled old issues and the region battled fire and rain. 1. No day at the beach Insurance markets for coastal properties continued to challenge insurers, agents, policymakers and property owners, despite an inactive hurricane season. For the most …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘B’ (Fair) and issuer credit rating of “bb” of Oklahoma’s General Agents Insurance Company of America, Inc. Both ratings have been removed from under review with positive implications and …
Merck & Co. said last Friday it will pay $4.85 billion to end thousands of lawsuits over its painkiller Vioxx in what is believed to be the largest drug settlement ever. Merck faced personal injury lawsuits representing 47,000 plaintiffs, and …
A recent state-sponsored report showed a continuing trend of recovery for the Florida medical malpractice industry – an industry that experienced double-digit rate increases and lack of availability prior to the 2003 legislative reforms. The Florida Office of Insurance Regulation …
Maryland’s largest medical malpractice insurer plans to leave a state premium subsidy program and return some of the money it has received, saying it no longer needs the subsidy to stabilize premiums for doctors because the cost of claims is …
Exclusive Video Living, Breathing and Insuring Golf, Take 1: Golf in the Family Indiana insurance agent Ron Smith has been playing golf since he could “breathe.” His father loved the game. His brothers love the game. His entire family loves …
Marsh UK issued a warning to the European financial services sector, including insurance companies, hedge funds, banks and ratings agencies, that “they may be exposed to greater Directors’ and Officers’ Liability (D&O) and Errors and Omissions (E&O) Liability claims in …
The insurance industry is vowing to take care of any claims arising out of the Minneapolis bridge collapse tragedy without delay. “There will be no exclusions – it will all be coverable. The industry wants to take care of this …