Yearly Archives: <span>2008</span>

Labor Dispute Costs West Virginia Resort another Insurance Conference

A business group canceled another conference scheduled at The Greenbrier because of an ongoing contract dispute between the West Virginia resort and its employees. The Washington, D.C.-based Council of Insurance Agents and Brokers moved its June 2009 Employees Benefits Leadership …

Texas Windpool Not Denying Claims on a Blanket Basis, Spokesman Says

A spokesman for the Texas Windstorm Insurance Association says rumors that the association will deny Hurricane Ike claims on a blanket basis are unfounded, untrue and completely misleading. “TWIA’s guidelines are, and will continue to be, to look at each …

New Texas Work Comp Commissioner: We’ve Come a Long Way

The Texas workers’ compensation system is not yet working perfectly, but “it has come a long way,” says the state’s new Commissioner of Workers’ Compensation Rod Bordelon. In a speech before an audience of workers’ compensation professionals, Bordelon praised the …

Lexington Arranges Reinsurance from Berkshire for Property Policies

Surplus lines insurer Lexington Insurance Co. reported that it has arranged a contingent property reinsurance cover from Berkshire Hathaway’s National Indemnity Co. for its real estate portfolio. The cover is also for policies having limits of $250 million or greater, …

Study Shows Increase in Treatments per Workers’ Comp Claims

The National Council on Compensation Insurance, headquartered in Florida, posted a new research study regarding a continuing increase in treatments per workers compensation claims. NCCI says in recent years, workers’ compensation medical costs have grown dramatically and that there are …

California Workers’ Comp Insurance Rating Bureau Reports Q2 Results

The Workers’ Compensation Insurance Rating Bureau of California (WCIRB) has released its summary of the second quarter insurer results, which ended June 30, 2008. The report lists the following statistics: -California written premium (gross of deductible credits) for the first …

Pollock to Head New Workers’ Compensation Unit for Keating Group

The Keating Group (tKg), a new England excess and surplus lines wholesaler, has named Todd S. Pollock as president of tKg Comp, its newly formed workers’ compensation division. Pollock began his career in 1995 with EBI Companies as a sales …

Texas Commissioner to Insurers: Don’t Jump the Gun on Raising Rates

Texas Insurance Commissioner Mike Geeslin told lawmakers at a hearing on Sept. 24 that compared with previous years, property/casualty insurance companies’ loss ratios will likely be worse “for this calendar year and the first three quarters of 2009,” due to …

N. D. Candidate for Commissioner Proposes “Revolving Door” Law

A lawmaker and Democratic candidate for North Dakota insurance commissioner says a commissioner should not be focusing on another job in the industry while holding office. Rep. Jasper Schneider, D-Fargo, is proposing to bar any state insurance commissioner who resigns …

New York Insurance Regulator to Oversee AIG Asset Sales

New York State Insurance Superintendent Eric Dinallo, who heads a national panel of state regulators overseeing possible sales of assets by American International Group (AIG), has asked an investment advisory firm to help out. Centerview Partners will advise the insurance …