The Illinois Supreme Court Thursday declared unconstitutional a 2005 state law that capped damage awards for a plaintiff’s pain and suffering at $500,000 against doctors and $1 million against hospitals. It was the second time in 13 years that the …
In its fourth annual Ohio Medical Professional Liability Closed Claim Report the Ohio Insurance Department shows a total of 3,080 medical professional liability claims were closed in 2008. The amount of compensation paid on behalf of each defendant to a …
Marsh & McLennan Agency LLC, a subsidiary of insurance broker Marsh Inc., has acquired Haake Companies, a large independent insurance agency headquartered in Overland Park, Kan. Terms of the transaction were not disclosed. Established in 1926, Haake Companies has annual …
Workers’ compensation costs per claim for medical care of injured workers in Illinois were among the highest of 15 study states one year after implementation of its first medical fee schedule effective 2006, according to a new study by the …
North Dakota Rep. Earl Pomeroy, who has been mentioned as a potential president of a Washington organization that represents life insurance companies, said he would not accept the position. “If they offered me the job, I would decline. I am …
The 81-year-old former mayor of Niles, Ill., was sentenced to a year and a day in federal prison for taking thousands of dollars in exchange for steering businesses to a friend’s insurance agency. Nicholas Blase, who was mayor for 47 …
Workers’ compensation costs per claim for injured workers in Minnesota are among the lowest of 15 states, according to a new study by the Workers Compensation Research Institute (WCRI). The study by the Cambridge, Mass.-based WCRI found that total costs …
Greenhill Capital Partners LLC announced it has invested $20 million in Acrisure LLC, a Midwest insurance brokerage company headquartered in Grand Rapids, Mich. Formed in 2005, Acrisure has acquired 17 insurance agencies since inception and currently places approximately $350 million …
Michigan lawmakers took a key step this week toward prohibiting the use of cell phones to send or read text messages while driving, but some say the measure is watered down and wouldn’t do enough to crack down on distracted …
Steve Cooper has been appointed president of United Heartland, a national workers’ compensation insurer based in New Berlin, Wis., and a subsidiary of Accident Fund Holdings Inc. Cooper succeeds Emil Pfenninger, who has led United Heartland since its founding in …
