State legislatures around the nation will likely not enact any major reforms to their workers' compensation laws this year, an insurer's representative predicted at an industry conference.
Publicly traded property and casualty insurers should report good earnings for the fourth quarter of 2009, but the 2010 outlook "remains dim," Keefe, Bruyette & Woods stock brokerage said.
Any health care legislation with language eliminating antitrust exemptions for health and medical malpractice insurers will hurt consumers, the National Conference of Insurance Legislators has warned Democratic leaders.
The International Insurance Society announced that Frank O'Halloran, chief executive officer of Sidney-based QBE Insurance Group, is the 2010 Insurance Hall of Fame winner.
The Caribbean Catastrophe Risk Insurance Facility said Haiti's government as a member of its risk pooling facility will receive a little under $8 million for earthquake damage.
The magnitude 7.0 earthquake that caused catastrophic death and destruction in Haiti created hundreds of millions in economic damage, but insurance coverage for losses is minimal, according to modeling firms.
The magnitude 7.0 earthquake that caused catastrophic death and destruction in Haiti created hundreds of millions in economic damage, but insurance coverage for losses is minimal, according to modeling firms.
When the U.S. recession ends, workers' compensation systems will have to function in a reduced economy requiring cost cuts, observed Richard Victor, Workers Compensation Research Institute executive director.
When the U.S. recession ends, workers' compensation systems will have to function in a reduced economy requiring cost cuts, Richard Victor, Workers Compensation Research Institute executive director predicted.
The New York Insurance Department has issued a legal ruling that with certain restrictions a property and casualty insurer can pay claims by issuing prepaid debit cards rather than checks if the claimant agrees.