Workers' Comp

Fitch Ratings has dropped the financial strength rating of American International Group Inc.’s domestic non-life insurance subsidiaries after AIG had to bolster Chartis reserves by $4.1 billion.

Politics aside, U.S. District Judge Roger Vinson’s order granting summary judgment and declaring the Patient Protection and Affordable Care Act unconstitutional highlights an interesting insurance concept.

Legislation proposed in some states that would bar workers’ compensation benefits for illegal immigrants could have the unintended consequence of incentivizing employers to hire such workers, an insurance group representative said.

U.S.-based multinational companies will likely benefit from an ongoing soft insurance market, as competition for a range of coverages for these companies is expected to continue through 2011, Marsh said in a recent report.

Brown & Brown, Inc. said its fourth quarter net income increased 36 percent over the prior year despite organic growth in commission and fees dropping 3 percent during the same period.

As Facebook and other sites expand their applications, those involved in the handling of claims and cases must be properly prepared to gain access to this vast library of individualized information for use in an evidential setting.