The National Association of Insurance Commissioners unanimously elected New Hampshire Insurance Commissioner Roger Sevigny as secretary-treasurer of the association at the NAIC summer meeting last month in Washington. D.C. The elction places him in position to be president of the …
The U.S. Senate Judiciary Committee last month received testimony on whether to continue the insurance antitrust exemption contained in the 1945 McCarran-Ferguson Act. This law placed responsibility for insurance regulation with the states and has permitted insurers to employ joint …
Speak up winner Speaking up has its rewards. Just ask Debbie Wentworth. Wentworth, who works at Maine Employers’ Mutual Insurance Co. (MEMIC), won the National Association of Insurance Women’s Communicate with Confidence Speak-Off recently. Wentworth won local, state and regional …
Wal-Mart and other retailers challenged Maryland’s new law requiring Wal-Mart to spend more on employee health care, arguing before a Baltimore judge recently that only the federal government may dictate health spending by private companies. Maryland’s law requiring large employers …
Workers’ Comp Middle Market Nuts & Bolts: PointSure Insurance Services is offering workers’ compensation for middle market and loss-sensitive plans, with broad risk appetite. Premiums are in excess of $130,000 with guaranteed cost and loss-sensitive plans. Experience modification factors are …
An increasing number of Pennsylvania businesses are paying thousands more for workers’ compensation than necessary because of our state law’s vague treatment of subcontractors. While businesses must buy coverage for employees, many businesses use subcontractors instead of employees. What is …
An insurance company employee who hurt herself when returning to work from her lunch break was entitled to workers’ compensation benefits because the injury occurred on the employer’s premises, the Maine Supreme Judicial Court recently ruled. The unanimous ruling by …
City hall suits The cost to New York City of settling legal claims against it has more than doubled since 1995, reaching more than $575 million in 2005, according to the New York City Independent Budget Office. Personal injury claims …
Beacon Mutual Beacon Mutual Insurance Co., which writes workers compensation for about 90 percent of the businesses in Rhode Island, has filed for a 16 percent reduction in rates. If approved by state officials the reductions would begin in September …
Although property casualty insurance capacity still exists in some areas in the U.S.’s East Coast, the rate at which it is vanishing, especially in coastal areas, as well as the steep prices for available capacity, have industry executives concerned about …
