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Motorhome Hire NewsUK Insurer Marketform Expands into U.S. Hospital PL Market Lloyd’s specialist underwriter Marketform will commence underwriting hospital professional liability, comprising medical malpractice and associated general liability insurance, in the United States effective June 1, 2013. Marketform will initially enter the hospital professional liability insurance market with plans to expand … The article UK Insurer Marketform Expands into U.S. Hospital PL Market appeared first on Insurance Journal. Illinois Lawmakers Seek Disaster Declaration in 16 Counties Illinois’ congressional delegation has asked President Obama to add 16 Illinois counties to the list of those eligible to receive disaster aid after last month’s flooding. The letter was sent to support a similar request by Gov. Pat Quinn. Quinn … The article Illinois Lawmakers Seek Disaster Declaration in 16 Counties appeared first on Insurance Journal. Wisconsin Bill Would Require $50 Tobacco Use Fee for Health Insurance Wisconsin state workers who smoke would have to pay $50 more per month for health insurance under a Gov. Scott Walker proposal that has won approval by the Legislature’s budget committee. The Joint Finance Committee on voted 13-3 to approve … The article Wisconsin Bill Would Require $50 Tobacco Use Fee for Health Insurance appeared first on Insurance Journal. National Group Praises Hawaii Cellphone Driving Law A national nonprofit is cheering Hawaii’s new law that prohibits people from holding cellphones and other portable electronics while driving. Jonathan Adkins from the Governors Highway Safety Association in Washington says Hawaii’s law is tougher than laws in most other … The article National Group Praises Hawaii Cellphone Driving Law appeared first on Insurance Journal. U.S. Senate Passes Bill with Kansas River Funding The U.S. Senate has approved a bill that includes funding aimed at improving Topeka’s levee system along the Kansas River. The bill approved in the Senate would provide about $15.7 million in federal matching funds for Topeka to correct problems … The article U.S. Senate Passes Bill with Kansas River Funding appeared first on Insurance Journal. Feds Take Over California High-Risk Insurance Program About 17,000 Californians with serious medical problems will be moved from a state-run stopgap health insurance program to a federal plan starting in July, ensuring they will have no break in medical coverage until the national health care reforms kick … The article Feds Take Over California High-Risk Insurance Program appeared first on Insurance Journal. Safety Board: ATF Blocking Texas Plant Blast Probe Federal agents and the state fire marshal have effectively barred a federal safety panel from the site of a Texas fertilizer plant blast that killed 15 people and injured about 200 others, hampering its investigation, the panel’s chairman said. In … The article Safety Board: ATF Blocking Texas Plant Blast Probe appeared first on Insurance Journal. New Mexico Setting New Records With Drought New Mexico is slipping further into drought, having marked the driest two-year period in nearly 120 years of record-keeping. National weather forecasters and water managers shared the latest statistics on New Mexico’s devastatingly dry conditions during a meeting Tuesday. They … The article New Mexico Setting New Records With Drought appeared first on Insurance Journal. Ex-Alaska Worker Charged With Workers’ Comp Fraud A former Alaska state employee and his supposed masseuse are accused of worker’s compensation fraud. Scott A. Groom and Laurayne K. Fischer are charged with 93 counts including perjury, theft and falsification of business records. The two are currently living … The article Ex-Alaska Worker Charged With Workers’ Comp Fraud appeared first on Insurance Journal. R.I. Nightclub Owners Say They Didn’t Know Part-Timers Needed WC Coverage The owners of the Station nightclub say they didn’t know they needed to buy workers’ compensation insurance for the club’s part-time employees. Michael and Jeffrey Derderian are asking Rhode Island’s state Supreme Court to review a more than $1 million … The article R.I. Nightclub Owners Say They Didn’t Know Part-Timers Needed WC Coverage appeared first on Insurance Journal. Insurers, Banks Leveraging Trade Talks to Change Dodd-Frank U.S. bankers and insurers are trying to use trade deals, which can trump existing legislation, to weaken parts of the Dodd-Frank Act designed to prevent a repeat of the 2008 financial crisis. While the companies say they are seeking agreements … The article Insurers, Banks Leveraging Trade Talks to Change Dodd-Frank appeared first on Insurance Journal. U.S. Accountants Group Backs BP on Curbing Oil Spill Payouts A group of U.S. accounting professors is backing BP’s fight to rein in compensation it has to pay for the 2010 Gulf of Mexico oil spill, which is threatening to add billions of dollars to its growing bill for the … The article U.S. Accountants Group Backs BP on Curbing Oil Spill Payouts appeared first on Insurance Journal. Commentary: Accounting for Non-Modeled Sources of Loss The purpose of modeling is to anticipate the likelihood and severity of catastrophes so that companies can prepare for their financial impact — before they occur. The evidence suggests that, for the most part, modeling has achieved its mission. Eleven … The article Commentary: Accounting for Non-Modeled Sources of Loss appeared first on Insurance Journal. Florida Municipal Insurance Trust Issues $20 Million Cat Bond A Florida insurance trust that provides property insurance and other products to cities around the state has issued a $20 million private placement catastrophe bond to help pay claims due to hurricanes. Towers Watson Capital Markets, a wholly-owned subsidiary of … The article Florida Municipal Insurance Trust Issues $20 Million Cat Bond appeared first on Insurance Journal. Top 10 U.S. Insurers in Tornado-Stricken States: SNL Financial The Moore, Oklahoma tornado, which killed 24 people, was the deadliest to touch down during a nearly weeklong outbreak across the U.S. Midwest. The states hardest hit have been Kansas, Missouri, Texas and Oklahoma, according to SNL Financial. The devastation … The article Top 10 U.S. Insurers in Tornado-Stricken States: SNL Financial appeared first on Insurance Journal. London Underwriter Becomes First to Insure California Carbon Credits Parhelion Underwriting Ltd. became the first insurer to offer a policy to protect companies from the invalidation of carbon offset credits sold as part of California’s cap-and-trade program. Parhelion, based in London, will sell insurance for permits originally issued by … The article London Underwriter Becomes First to Insure California Carbon Credits appeared first on Insurance Journal. North Carolina Man Charged with Insurance Fraud North Carolina authorities have accused a Lincoln County man of filing a fake report of a stolen motorcycle and trailer to get money from an insurance company. The Charlotte Observer reported that 38-year-old William Minford Chatham III of Vale is … The article North Carolina Man Charged with Insurance Fraud appeared first on Insurance Journal. Vermont Sues Patent Owner Under Its Consumer Protection Act Vermont sued a patent owner over claims it violated the state’s Consumer Protection Act, saying it’s the first state to file such a complaint against a company whose business is suing for patent infringement. The state sued MPHJ Technology in … The article Vermont Sues Patent Owner Under Its Consumer Protection Act appeared first on Insurance Journal. Lloyd’s Report Highlights Solar Storm Threat as Emerging Risk “A large solar storm could leave tens of millions of people in North America without electrical power for several months, if not years, potentially costing trillions of dollars,” according to Lloyd’s latest emerging risks report: “Solar Storm Risk to the … The article Lloyd’s Report Highlights Solar Storm Threat as Emerging Risk appeared first on Insurance Journal. Ratings Recap: Dubai Insurance, Jupiter, Ardelis, TT Club A.M. Best Europe – Rating Services Limited has revised the outlook to positive from stable and affirmed the issuer credit rating (ICR) of “bbb” and the financial strength rating (FSR) of ‘B++’ (Good) of United Arab Emirates-based Dubai Insurance Company … The article Ratings Recap: Dubai Insurance, Jupiter, Ardelis, TT Club appeared first on Insurance Journal. S&P Assesses Insurance Industry and Country Risk Shaping Insurance Markets A report by Standard & Poor’s Ratings Services notes that “for the two main insurance sectors, life and property/casualty (P/C), overall industry and country risks are, on average, much lower in developed than in emerging markets.” S&P explained that it … The article S&P Assesses Insurance Industry and Country Risk Shaping Insurance Markets appeared first on Insurance Journal. Justice Dept.: No Financial Firm Is ‘Too Big to Jail’ A Justice Department official insisted on Wednesday that no financial company is too big to jail, in the department’s latest effort to backpedal from statements made in March by Attorney General Eric Holder. “No institution and no individual is immune … The article Justice Dept.: No Financial Firm Is ‘Too Big to Jail’ appeared first on Insurance Journal. AIG Sues Ex-U.Va. Lax Player Over Insurance Claim A former University of Virginia lacrosse player convicted of killing his ex-girlfriend is being sued by American International Group Inc. over his refusal to answer questions from insurance investigators. In a court filing Monday, the company says George W. Huguely … The article AIG Sues Ex-U.Va. Lax Player Over Insurance Claim appeared first on Insurance Journal. Oklahoma Commissioner: 4K Home, Auto Claims from Twisters So Far More than 4,000 home and auto claims have been filed as a result of the recent spate of tornadoes in Oklahoma. That number is expected to rise, according to Oklahoma Insurance Commissioner John D. Doak. Doak has previously said that … The article Oklahoma Commissioner: 4K Home, Auto Claims from Twisters So Far appeared first on Insurance Journal. Brown & Brown to Acquire Insurance Broker Beecher Carlson Florida-based national insurance agency Brown & Brown Inc. has agreed to acquire Beecher Carlson Holdings Inc., an insurance and risk management broker with operations that include retail brokerage, program management and captive management, from Austin Ventures, FSPM and a group … The article Brown & Brown to Acquire Insurance Broker Beecher Carlson appeared first on Insurance Journal. $70M Reduction For Auto Club’s Southern California Drivers California Insurance Commissioner Dave Jones and Robert Bouttier, CEO of the Automobile Club of Southern California, announced a rate reduction for Auto Club policyholders in California totaling $70 million. The reduction represents a decrease of 4.1 percent. It is effective … The article $70M Reduction For Auto Club’s Southern California Drivers appeared first on Insurance Journal. PIA: Agencies See Significant Underwriting Changes in Homeowners Market The Professional Insurance Agents’ (PIA) recent survey of more than 400 independent agencies showed significant market changes in the Northeast — with the homeowners insurance and commercial property market appearing to be most affected by the shift. More than 400 … The article PIA: Agencies See Significant Underwriting Changes in Homeowners Market appeared first on Insurance Journal. Trident, McGowan Cos. to Offer Public Entity Coverage in Pennsylvania Trident Insurance Services, LLC, a member of Argo Group International Holdings, Ltd., has formed an exclusive business relationship with The McGowan Cos. to offer access to its public entity insurance program in Pennsylvania. The public entity insurance program—underwritten by Trident … The article Trident, McGowan Cos. to Offer Public Entity Coverage in Pennsylvania appeared first on Insurance Journal. Mills of Willis Joins AmWINS Workers’ Compensation Unit, American Equity Andrea Mills has joined American Equity Underwriters (AEU) in Mobile, Alabama as senior vice president and director of Strategic Business Development. AEU is a division of wholesale broker AmWINS Group, based in Charlotte, North Carolina. AEU specializes in workers’ compensation … The article Mills of Willis Joins AmWINS Workers’ Compensation Unit, American Equity appeared first on Insurance Journal. PIAA Rebrands to Correspond with Current Role in MPL Field The Physician Insurers Association of America (PIAA) has made changes to its organizational brand to support the Association’s role in the medical professional liability (MPL) community. They also reflect the impact that the changing landscape in the delivery of healthcare … The article PIAA Rebrands to Correspond with Current Role in MPL Field appeared first on Insurance Journal. |
