The Property Casualty Insurers Association of America is urging the Illinois House to reject an attempt by the trial bar to enable plaintiffs to receive compensatory damage awards based on the amount of medical expenses billed, rather than the charges …
Summit Insurance Company has signed a definitive agreement to sell its health insurance business to Medical Mutual of Ohio, it announced this week. The agreement, to take effect May 1, 2006, means the transfer of Summit’s approximately 900 groups representing …
Western National Insurance Group, based in Edina, Minn., will form an affiliation with Farmers Home Group of Bloomington, Minn. The Boards of Directors of the respective companies approved the transaction at meetings this week. It is anticipated that the Farmers …
Kathy Walker-Eich has joined WFG Capital Advisors LP of Harrisburg, Pa., an investment banking firm for the insurance industry, as principal to lead WFG’s corporate finance services. Walker-Eich will remain located in the greater Chicago area, operating WFG’s mid-west satellite …
In a letter to the Consumer Federation of America (CFA) and to the New Jersey Citizens United Reciprocal Exchange (CURE), Maryland Insurance Commissioner R. Steven Orr dismissed allegations by those organizations that GEICO Insurance has engaged in unfair rating practices. …
Insurance companies in New Hampshire have refunded $666,086 on 13,424 workers’ compensation policyholders for policies written in 2003, 2004 and 2005. Insurance Commissioner Roger Sevigny last July ordered insurers to correct for mistakes in employer class codes that were used …
New Jersey Governor Jon S. Corzine administered the oath of office on March 24 to the new Commissioner of the Department of Banking and Insurance Steven M. Goldman. Corzine named Goldman to the cabinet post on January 31. Earlier this …
Cincinnati Financial Corporation will host a live Internet broadcast of its conference call to discuss first-quarter 2006 earnings results on Wednesday, May 3, 2006, at 11:00 a.m. (eastern time). Results will be released earlier that morning. To access the call, …
The nation’s largest insurance association called today for the creation of an effective, long-term mechanism to manage the unique risk posed by terrorist attacks. Independent insurance agent Sharon Emek, Ph.D., CIC, a partner with New York-based CBS Coverage Group, Inc., …
The insurance industry lags behind in Web site performance and has underperformed the overall industry benchmark in six of the past nine years, according to the Internet Standards Assessment Report (ISAR) released by the Web Marketing Association. The underperformance also …
