Fri 20 Nov 2009
Texas Mutual Insurance Company announced a $760,070 dividend to the Texas Green Industry (TGI) purchasing group. TGI has earned $2,643,037 in workers’ compensation dividends since …
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Fri 20 Nov 2009
A new survey finds Wisconsinites pay more for health insurance than the rest of the country and the cost is rising at a faster rate.
The consulting firm Mercer finds employers and their workers in …
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Fri 20 Nov 2009
Louisiana Agency Owner, a Jefferson Parish Official, Retires Amid Probe
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Jefferson Parish's embattled chief administrative officer, Tim Whitmer, is retiring as federal investigators began subpoenaing records of his private company's insurance work with government …
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Fri 20 Nov 2009
Ohio AG Sues National Ratings Agencies Over Securities Information
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Ohio Attorney General Richard Cordray has filed a lawsuit against national securities and credit ratings agencies Standard & Poor’s, Moody’s and Fitch over what the AG's office …
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Fri 20 Nov 2009
Court: Owners of Truck in Fatal Connecticut Crash Can Sue Insurer
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The Connecticut Supreme Court has reinstated a lawsuit filed by the owners of a dump truck that caused a fatal 20-vehicle wreck in Avon, in a dispute over whether there was insurance coverage on …
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Fri 20 Nov 2009
A federal appeals court says a western Pennsylvania woman isn't entitled to a new trial on her claim that an accounting error by Ernst & Young cost her $103 million.
The Pennsylvania Superior …
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Fri 20 Nov 2009
The New England Seismic Network says a small earthquake shook parts of western Maine early Thursday morning.
According to Weston Observatory at Boston College, the earthquake happened at 2 a.m. …
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Fri 20 Nov 2009
Health Care Reform Dominates Trade Group’s Lobbying Agenda
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Until now, health care was a minor blip on the radar of insurance agents’ policy efforts in D.C. But with a major reform bill imminent, key trade groups are devoting nearly all of their time …
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Fri 20 Nov 2009
Most Americans Want Congress to Address Cost of Malpractice Lawsuits
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Most Americans want Congress to deal with malpractice lawsuits driving up the cost of medical care, says an Associated Press poll.
Yet Democrats are reluctant to press forward on an issue that …
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Fri 20 Nov 2009
The fortunes of ocean marine insurers are inextricably tied to the state of the economy and world trade so in today’s environment of slow economic growth, low inflation and minimal interest rates they really have their work cut out. At the annual meeting of the American Institute of Marine Underwriters (AIMU) in New York City yesterday, AIMU chairman Dennis Marvin noted that with fewer ships to insure, fewer goods in transit to cover with reduced value of merchandise and lower exposures most marine segments are seeing flat or falling premium volume. Combined with more than sufficient capacity, the budget constraints of buyers and shrinking profit margins, these factors are likely to lead to a continuing soft market in 2010, he said. “Now, more than ever, the most successful marine underwriters are the most diligent, knowledgeable and focused on the risks they assume,” Marvin said. Restrictive trade practices, cargo theft and […]
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