Vermont Gov. James Douglas has signed into law a bill to financially protect firefighters who suffer heart attacks in the line of duty. The measure, which took effect upon signing, ensures that firefighters who suffer work-related heart disease receive workers’ …
Gov. John Lynch signed into law a bill that promises to dramatically change the way health insurance companies set rates for small businesses in New Hampshire. The law takes effect Jan. 1, 2006. Under it, insurers can no longer set …
The DuPont Co. has reached a multimillion dollar settlement in a landmark lawsuit brought by Rhode Island against makers of lead paint. According to the state attorney general, six other manufacturers remain as defendants in the lawsuit, which accuses the …
Connecticut has eliminated the projected 20-year debt of its Second Injury Fund for workers’ compensation claimants in just six years by recently paying off the final $48 million, the state treasurer announced. In the past six years, the program’s unfunded …
Massachusetts insurance customers of insurance broker Marsh & McLennan are being urged to hold off on agreeing to the broker’s proposed settlement by the state’s attorney general. Attorney General Tom Reilly has mailed a letter to an estimated 300 policyholders …
The surplus lines industry pendulum is now on its backswing into a soft market. A couple years of market restriction and firm pricing brought a temporary prosperity to the industry. The so-called “standard” markets shed their underpriced business–along with much …
Medical malpractice insurance rates rose dramatically during the past five years, but the amount insurers paid out in claims did not, according to a study from a consumer advocacy group. The study, by the Center for Justice & Democracy, found …
It’s an age-old problem for agency owners: where to find customer service representatives. Ask agency principals to name their biggest challenges and locating CSRs is right up there at the top of most lists. “Universally, agents ask, ‘where are we …
Larger insurance agencies today are more likely than not to employ a director of risk management, a claim specialist and a loss control specialist, according to a recent study. Business Management Group Inc.’s 2005-2006 Non-Producer Compensation & Benefits Survey found …
Like many pediatricians, Dr. Raymond Jones has enjoyed watching his “kids” graduate from infancy to college. But his smiles often masked his anxiety that he was about to be ruined. The 2002 collapse of his malpractice insurer, Richmond, Virginia-based Reciprocal …
