Newsbriefs

COURT UPHOLDS FRAUD RULE:

The New York Court of Appeals has upheld the right of an insurance company to refuse to reimburse fraudulently incorporated...

NAMIC APPLAUDS TORT INITIATIVES

The National Association of Mutual Insurance Companies has commended Georgia lawmakers for enacting major tort initiatives. David Reddick, NAMIC state...

METLIFE SELLS BUILDINGS:

MetLife Inc. agreed to sell its Manhattan building above Grand Central Station, formerly called the Pan Am building, for $1.72...

WORKERS’ COMP RATES CUT:

The Pennsylvania Insurance Department has approved a 2.89 percent average rate reduction for workers’ compensation premiums, saving employers an additional...

AUTO RATE HEARING SET IN SEPTEMBER

Insurance Commissioner Jim Long has announced plans for a hearing on auto insurance rates set for September. This announcement came...

MORE OPPOSITION TO ACE PLAN:

Liberty Mutual Group has joined a group of insurers opposing the acquisition of ACE American Reinsurance Company by Randall &...

DENN TACKLES AUTO FRAUD:

Delaware Insurance Commissioner Matt Denn has initiated several policy changes in the way auto insurance fraud cases are handled. He...

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