workers’ compensation News

Business Moves

Fremont Michigan, Northern Mutual Fremont Michigan InsuraCorp Inc., a Michigan-exclusive property and casualty insurance company headquartered in Fremont, Mich., and Northern Mutual Insurance Co. (Northern), a Michigan mutual insurer, have agreed to a strategic alliance between the two insurers. Northern …

People

Craig A. Payan has been elected to serve as chairman of the board of directors for Itasca, Ill.-based Associated Risk Managers International Inc. Payan is president of PA&T Insurance and Financial Services, an independent insurance agency located in Orland Park, …

It Figures

$14.5 Million The amount in damages that a federal jury in South Carolina awarded to a South Carolina printing company against The Hartford insurance company in a case where the insurer believed a claim for a major fire loss in …

Oklahoma Lawmakers Pass Workers’ Comp Legislation

The Oklahoma Legislature passed four measures that alter the state workers’ compensation system, including one that requires Senate confirmation of Workers’ Compensation Court judges – a proposal that Gov. Brad Henry vetoed last year. The House and Senate sent the …

Price Scare

Seven years and running, the soft market shows few signs of loosening its grip on commercial insurance pricing, according to a new industry study. Average premiums in every line tracked by the Risk and Insurance Management Society (RIMS) Benchmark Survey …

Small Businesses Have a Resource at Missouri DOI

The Missouri Department of Insurance has a new online resource dedicated to the insurance needs of small businesses. The new Web section lists factors to consider when buying insurance coverage for company cars, buildings and liability, as well as the …

Indiana Supreme Court Sides with Insureds in Farm Liability Dispute

The Indiana Supreme Court has found that an insurance company was wrong to deny coverage for injuries to an employee of an independent contractor under a farm personal liability policy. Indiana farmers Rick and Katrina Taylor held a farm personal …

It Figures

$50 Million The total amount in auto insurance refunds that insurers began mailing this month to about one million North Carolina insureds. The distribution is a result of the 2009 auto rate settlement with the insurers’ rating bureau that Commissioner …

Reinsurers Anticipate Gulf Coast Oil Spill Losses Will Be Major

The blame game for the recent British Petroleum oil spill along the Gulf Coast is just getting started as are the insurance implications of this disastrous event, according to underwriters and other observers. “It’s going to take several years to …

Business Moves

Fiesta Auto Huntington Beach, Calif.-based Fiesta Auto Insurance, a franchise system that combines insurance and tax preparation under one roof, recently opened 20 new offices in various locations, increasing its presence to more than 60 open locations throughout the United …