California-based Risk Management Solutions (RMS), a provider of products and services for the management of catastrophe risk, announced that the Earthquake Engineering Research Institute (EERI) has asked Dr. Fouad Bendimerad, vice president of RMS, to lead a reconnaissance team surveying …
Oklahoma Insurance Commissioner Carroll Fisher warned citizens of his state who may have done business with Eastern Shores Casualty and Indemnity Co. and Continental Surety Company Ltd. that the companies are unlicensed to sell bonds in Oklahoma. In addition, Fisher …
A highly anticipated tort reform measure has passed the Oklahoma House of Representatives by a wide margin, according to the American Insurance Association (AIA). The bill, which arose from a task force empanelled by Governor Brad Henry (D), is reportedly …
Robert Mister, a Leonardtown, Maryland carpenter, pleaded guilty to insurance fraud when he admitted to unlawfully collecting workers’ compensation insurance benefits from IWIF, Maryland’s largest workers’ compensation insurance carrier, in Baltimore County District Court earlier this month. IWIF’s Special Investigations …
Maryland-based Injured Workers’ Insurance Fund (IWIF) is hosting free policyholder seminars around the state from June through November. The half-day seminars feature a multi-media format that focuses on safe working habits and effective loss control practices that reduce injuries and …
U.S. District Court Judge Federico Moreno of the Southern District of Florida preliminarily approved the settlement agreement announced last week between Aetna and the plaintiffs representing over 700,000 physicians, state and other medical societies. The ruling by Judge Moreno conditionally …
Bermuda-based Montpelier Re Holdings Ltd. appointed Peter Woolf as senior vice president and underwriting review manager, a new position within Montpelier Reinsurance Ltd. Woolf will be responsible for overseeing the controls and procedures governing the company’s global underwriting activities, ensuring …
The Alliance of American Insurers (AAI) says that a bill that passed the Florida Legislature late Tuesday will substantially limit the soaring cost of insuring workers in the state against injuries and boost Florida’s economy. The legislation (SB 50A) will …
Continued rate increases in the global reinsurance market have reportedly failed to stem the downward pressure on ratings and the market outlook remains negative for the sixth successive year, Standard & Poor’s Ratings Services said in a report. The negative …
AAA Michigan and Help Eliminate Auto Thefts have teamed up to develop a traveling interactive exhibit to teach Michigan policyholders about auto theft prevention and the collective and personal impact of auto theft crime, including auto insurance fraud. AAA Michigan …