There has been a 415 percent increase in the average severity of long-term care professional and liability claims since 1996, according to a study released by Chicago-based commercial insurer CNA‘s LTC unit, HealthPro. In 1996, ultimate average severity of LTC …
Restaurant Insurance Corp. (RIC), a specialty insurance company, released findings from a study of claims filed by its insured restaurants since 2002 showing that slips, trips, and falls by patrons and others are by far the most prevalent claims suffered …
A day after Muenchener Rueckversicherungs-Gesellschaft (Munich Re) reported good third quarter and nine-month earnings (See IJ Web site Nov. 9), A.M. Best Co. announced that it has affirmed its “A+” (Superior) financial strength rating on the company and its core …
Victims of the Sept. 11, 2001 terrorist attacks — both individuals killed or seriously injured and individuals and businesses impacted by the strikes — have received at least $38.1 billion in compensation, with insurance companies and the federal government providing …
The trend of high insurance rates experienced by hospital professionals and physicians over the past three years shows signs of slowing in 2005, according to a study released today by Aon risk services experts. Aon’s Hospital Professional Liability and Physician …
Cleveland-based Oglebay Norton Company reported that United States Bankruptcy Judge Joel Rosenthal of the U.S. Bankruptcy Court for the District of Delaware has declined to confirm the company’s joint amended plan of reorganization. While he reportedly agreed that the plan …
According to the findings of a survey commissioned by The Insurance Leadership Institute of GE Insurance Solutions, independently conducted by Tillinghast, European insurers are becoming increasingly concerned by the growth of tort claims litigation. The results of the survey were …
Richard Polizzi, president of Western Security Surplus, invites agents and brokers to a free Miscellaneous Professional Liability Insurance seminar on Wednesday, Aug. 25. The hosts for the seminar will be WSS’ Orange County/San Diego office and Shand Morahan. The topic …
The Alamo Chapter of the Society of CPCU issued an education bulletin announcing insurance study programs for Fall 2004. The classes will be held one day each week for approximately two hours after work, usually 5:30 to 7:30 p.m., at …
Memphis, Tenn.-based Sedgwick Claims Management Services Inc. (Sedgwick CMS) announced the appointment of Annette L. Sanchez as senior vice president and a member of the executive committee of the North American claims and productivity management services firm. She will have …