A task force of state insurance regulators has recommended that states support legislation to protect agent and broker commissions from the expense cap imposed on health insurers by the new federal healthcare law’s medical loss ratio (MLR). The task force …
The Georgia Supreme Court has found a convenience store can be held liable for a fatal highway accident that took place after a driver purchased a 12-pack of beer. Overturning a lower court, the state’s top court ruled 6-1 on …
Lloyd’s America President Hank Watkins Campaigns for Broader Appeal Hank Watkins, president of Lloyd’s America Inc., smiles like he has a big secret he wants to spill. The history of Lloyd’s of London is no secret: originated in Edward Lloyd’s …
A House committee has advanced legislation updating the workers’ compensation program for federal employees. The U.S. House Committee on Education and the Workforce passed with unanimous support the Federal Workers’ Compensation Modernization and Improvement Act (H.R. 2465). The workers’ compensation …
A commercial lines insurer is on a mission to sign a number of independent agents— as many as 100 of them —within the next 100 days. From July 12 through October 12, South Carolina-based Accident Insurance Co. (AIC) will be …
Boston-based Liberty Mutual Insurance Co. and several of its subsidiaries have sued investment banker Goldman, Sachs & Co. for “making materially misleading statements and omissions” in a preferred stock offering of mortgage lender Freddie Mac in November 2007. The insurers …
Lori Dickerson Fouché has been named president and chief executive officer of Fireman’s Fund Insurance Co. She succeeds Michael LaRocco, who the company said left to pursue other professional opportunities. The company also announced that Jill Paterson, currently executive vice …
Homeowners in states hit hard by this spring’s tornadoes have some of the highest average insurance premiums. Louisiana’s average annual premium is $1,155 and Mississippi’s is $980; in Alabama it’s $845, and in Missouri, $788 – which is about the …
Employers Need Rules for Mobile Employees Employers who supply their employees with company cell phones, laptops, BlackBerries, iPads and other portable devices could be in for a surprise if an employee is injured while using the device when off-site or …
In a move being applauded by insurance agents, a task force of state insurance regulators has recommended that states support legislation to protect agent and broker commissions from the expense cap imposed on health insurers by the new federal healthcare …
