The costs for two major commercial lines insurance fell in the first quarter of 2004, according to a RIMS Benchmark Survey. In the first quarter of 2004, premium prices for property insurance fell by about 1.5 percent. General liability insurance …
Mergers and acquisitions in 2003 and 2004 in the insurance industry reached the highest level since 1998 in dollar terms, even while the total number of transactions continued its long decline since the same year, according to a study by …
The private insurer running Missouri’s workers’ compensation pool for high-risk businesses has filed an average rate cut of 3.7 percent, effective for policies issued after June 30, according to the Missouri Department of Insurance (MDI). The rate reduction should save …
An Illinois appeals court has rejected a plaintiff’s claim that its auto insurer breached its contract by refusing to pay for diminished value in an auto repair case, Martin v. State Farm. “Although the appeals court decision doesn’t throw out …
Calling the ongoing escalation in medical malpractice insurance rates “a threat to doctors and their patients,” Republican Ohio Gov. Bob Taft signed House Bill 282 authorizing establishment of a new Medical Liability Underwriting Association. The legislation authorizes the insurance director …
Missouri Republicans have passed a tort reform bill out of the House that they hope will force Democratic Gov. Bob Holden into making a tough election-year call, while Ohio medical liability insurers say the Buckeye State’s market, though stabilizing, could …
Michael Segal, politically connected Chicago insurance broker, was either the victim of scheming underlings or the mastermind of a fraud plot that left his Near North Insurance Brokerage facing a deficit of more than $20 million in a fund it …
The more things change, the more they … you guessed it—the more they stay the same. See? Even that saying has remained the same after all these years. This banal truism is particularly—er—truistic when it comes to the state of …
Albany continues dawdling over urgently needed fraud reforms year after year. Lawmakers have failed to pass even a modest law that might reduce the huge toll of accident rings. You have to wonder what Alice Ross’ final terrified thoughts were …
Confronted with conflicting pressures to contain costs and provide unfettered access to care, health plans are stepping up scrutiny of some high-cost services while shifting more financial and care management responsibilities to consumers, according to a study by the Center …
