Louisiana Workers’ Compensation Corporation (LWCC), announced that Kristin Wall, president and chief operating officer, was named by the company’s Board of Directors to replace Steve Cavanaugh as Chief Executive Officer. Cavanaugh tendered his resignation at the March 16 Board meeting. …
Using a new law designed to lower doctors’ costs, state regulators on Tuesday ordered Illinois’ major malpractice insurer to start bringing down rates next year and open itself to more public scrutiny. ISMIE Mutual Insurance Co. criticized the order as …
AMS Services has acquired FinancePro, a developer of Web-based premium finance solutions based in Issaquah, Wash. FinancePro provides premium finance loan management and agent quoting capabilities and is currently in use by large independent finance companies as well as MGAs …
Gov. Matt Blunt said this week that representatives from the Consumer Services section of the Missouri Department of Insurance will be visiting areas of the state hardest hit by the recent severe weather. Major insurers State Farm Insurance Company and …
A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 609 (United Kingdom), which is managed by Atrium Underwriters Limited. At the same time, A.M. Best has assigned …
Professional Underwriters, am Exton, Pa.-based national program administrator for public entities based in Exton, Pa., has added 50 new coverage enhancements to its school program. According to Tom Ruddy, vice president of marketing, the endorsements are for property, general liability …
Oklahoma House lawmakers advanced a lawsuit reform package, sending a series of bills to the state Senate for consideration. The package is led by the comprehensive Common Sense in the Courtroom Act. House Bill 3120, the Common Sense in the …
General Motors Corp. is considering a bid of $12.5 billion to $13 billion for a majority stake in its financing arm from a group led by New York private-equity firm Kohlberg, Kravis & Roberts and some banks, The Wall Street …
Arkansas Democratic gubernatorial candidate Mike Beebe said he plans to unveil a health care proposal that will broaden health insurance to uninsured Arkansas workers. Beebe praised a new state program to offer health insurance to 80,000 low-income workers. Arkansas Gov. …
Texas insurers are seeking state approval of a plan to bolster a windstorm insurance pool for coastal property owners at risk during hurricane season. The industry wants the Legislature to approve $800 million in bonds to boost the Texas Windstorm …
