As many as 700 women along the West Coast were not told that an institute financed by the insurance industry kept their placentas after giving birth in order to protect doctors and hospitals from potential lawsuits, according to a newspaper …
A measure to improve Washington’s emergency readiness passed the state Senate, after a lawmaker agreed to bend to insurance industry insistence that the $5.7 million needed come from the state and not a surcharge on insurance plans. The bill passed …
To help ensure that employers are promptly notified of a workplace-injury claim, Washington’s Department of Labor and Industries (L&I) has created wallet cards that employers can fill out and give to their workers. The cards are available online at www.WalletCards.LNI.wa.gov. …
A “loyalty clause” prohibiting insurers from canceling a policy for homeowners who have been with a carrier for three or more years is part of a bill filed in the Florida Legislature by Sen. Ron Klein, D-Boca Raton, according to …
Todd R. Soll Insurance Services Inc., intermediaries for healthcare professional liability, has moved to larger offices in Encino, Calif. The new address will be 17547 Ventura Blvd., Ste 304, Encino, CA 91316. The national toll-free number will remain the same: …
California Insurance Commissioner John Garamendi has announced the arrest of Alejandro Ruiz Lopez, 26, on felony charges of workers’ compensation fraud after an investigation revealed that Lopez allegedly falsified a claim stemming from his broken leg. Lopez was arrested by …
Los Angeles-based Mercury General Corp. has reported net income of $46.2 million or $0.84 per share-diluted in the fourth quarter of 2005 compared with $74.1 million or $1.36 per share-diluted for the same period in 2004. For the year, net …
Bermuda-based reinsurer Max Re Capital Ltd. reported a net loss for the three months ended December 31, 2005 of $11.4 million, or 20 cents per diluted share, compared to net income of $87.1 million, or $1.82 per diluted share, for …
Swiss Re announced that it has reached an agreement to sell its wholly-owned subsidiary, investment bank Fox-Pitt, Kelton (FPK), to a new company formed by J.C. Flowers & Co. LLC as well as FPK management. Swiss Re said it would …
“Lessons Learned and How to Prepare for the Next Hurricane Season” will be the topic of the Feb. 22 All Industries Day sponsored by the Independent Insurance Agents of Dade County in Miami-Dade County, Fla. According to an association spokesperson, …
