The Louisiana Rating Commission has approved higher premiums for a few insurers in the state, while also installing an annual fee charged to all insurance companies. The fee is expected to raise about $56.4 million in the next year. Here …
A.M. Best Co. has upgraded its rating of Beachwood, Ohio-based AmTrust Group (AG), which focuses on workers’ compensation for smaller employers, to “A-” (Excellent) based on a quantitative and qualitative evaluation of the company’s balance sheet strength, operating performance and …
The A.M. Best Company has upheld its rating of “A” (Excellent) to the Cooperative of American Physicians Inc. – Mutual Protection Trust (CAP-MPT), a provider of medical professional liability protection for more than 7,000 California physicians. According to A.M. Best, …
Members of the National Association of Insurance Commissioners (NAIC) were reportedly less than enthusiastic when they learned that the National Conference of Insurance Legislators (NCOIL) planned to adopt a market conduct model. However, NAIC leaders encouraged open and meaningful dialogue …
The Kentucky Department of Insurance has obtained a temporary restraining order against several entities that the agency alleges have been marketing professional liability coverage to Kentucky physicians and medical facilities without proper authorization, Insurance Commissioner Janie Miller announced. Judge William …
New Jersey’s Attorney General Peter Harvey announced that an Essex County man has pled guilty to theft by deception for his reported role in staging automobile accidents in order to fraudulently obtain insurance claim monies. According to Vaughn McKoy, Director, …
North Dakota’s Workforce Safety & Insurance’s Board of Directors approved a slight premium increase for workers’ compensation coverage. The premium increase of 1.1 percent takes effect on July 1 and marks the first time in nine years that premiums have …
The American Insurance Association (AIA) has joined with other trade associations to file an amicus brief with the New York Court of Appeals in support of the fraud-fighting changes in the no-fault auto insurance Regulation 68. The regulation, which reportedly …
Insurance Auto Auctions, Inc., a provider of automotive salvage and claims processing services in the United States, announced the acquisition of the Damaged Vehicle division of Manheim’s Orlando Orange County Auto Auction located in Orlando. Representing IAA’s second facility in …
The Professional Insurance Agents of Connecticut announced that its recent company performance survey has “garnered positive feedback from the companies about which its members responded.” The survey polled independent agents on companies’ handling of claims, products and pricing; treatment of …