Workers’ Compensation System’s ‘Elephant in the Room’ November 29, 2011 By Andrew G. Simpson The state-based workers’ compensation system has evolved and survived for 100 years but it could face tough challenges in the...
Active 2011 Hurricane Season Breaks ‘Hurricane Amnesia’ November 29, 2011 The 2011 Atlantic hurricane season officially ends Wednesday, having produced a total of 19 tropical storms of which seven became...
Judge Rejects Citigroup-SEC Mortgage Settlement; Orders Trial November 28, 2011 By Grant McCool and Jonathan Stempel A federal judge angrily threw out Citigroup Inc.’s proposed $285 million settlement over the sale of toxic mortgage debt, excoriating...
How to Compete for Personal Lines with the Direct Writers November 28, 2011 By Alan L. Shulman Let’s face facts. It’s unlikely that any individual independent agency will ever “beat” the direct writers. They have massive marketing...
Ratings Roundup: Hiscox (US), Western Mutual November 28, 2011 A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Chicago-based...
Best Affirms Virginia Surety Co. Ratings; Outlook Positive November 28, 2011 A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit rating of “a-” of...
Supreme Court to Decide Whether Harm Needed in Kickback Suits November 28, 2011 By James Vicini In a dispute pitting big business against consumer groups, the U.S. Supreme Court hears arguments Monday on whether a person...
Federal Regulator Opening Formal Probe into GM Volt Fire Risk November 28, 2011 U.S. auto safety regulators are opening a formal investigation into fire risks in General Motors’ Volt vehicles, the National Highway...
Whistleblower Laws, Lucrative for Some States, Stall in Others November 28, 2011 By Andrew Longstreth For many states, a law intended to root out corruption also has been good for the bottom line. Over the...
Insured Loss Estimate from Hurricane Irene Rises to $4.3 Billion November 28, 2011 An insurance industry service that tracks catastrophe losses has sharply raised its estimates for August’s Hurricane Irene, projecting insured property...