Vermont regulators recently issued a bulletin addressing the issue of price optimization in personal lines ratemaking, warning insurers that adjustments to rates may not be based on non-risk-related factors. The Vermont Department of Financial Regulation (DFR) Insurance Bulletin No. 186 …
Danny Ly, the former controller for the California Insurance Guarantee Association, has filed a lawsuit against the association that charges it fired him after he blew the whistle about alleged financial irregularities, potential accounting fraud and other potentially illegal conduct. …
The probability of injured workers getting back surgery depends on the area of the country in which they seek treatment for their back pain. According to a Workers Compensation Research Institute (WCRI) study, “Why Surgery Rates Vary,” back pain is …
Carmakers are limiting the data they share with technology partners Apple Inc. and Google Inc. through new systems that link smartphones to vehicle infotainment systems, defending access to information about what drivers do in their cars. Auto companies hope that …
Business owners have a lot to consider when running a successful business. Unfortunately, many do not consider an exit strategy, especially in the early years of the business. Agency owners without an exit strategy will sometimes make decisions based on …
A small number of physicians are responsible for a large portion of the independent medical review of workers’ compensation cases in California, a process that could be costing payers in excess of $100 million, a report shows. The IMR process …
Far from being a new idea of the 21st century, scientific research conducted by amateur or non-professional scientists has a long and distinguished history. (Think Benjamin Franklin or Charles Darwin, for example.) What is new, however, is the wide array …
Michigan’s top insurance regulator has taken a stance against a bill that would allow lawmakers to appropriate money for road projects from the state-created mechanism to reinsure unlimited medical benefits for auto accident victims under the state’s no-fault system. In …
In a major transaction, ACE Limited has agreed to acquire The Chubb Corp. for $28.3 billion in cash and stock. The balance sheet’s size and strength will elevate the combined company into the elite group of global P/C insurers. As …
The omission of one word in a workers’ compensation court ruling favoring a co-op employee hurt during a company party led the Nebraska Supreme Court to reverse the ruling on July 10. The case stems from a 2010 cookout held …
