Insurance: Brokers and Agents

Low claim frequency keeps Virginia workers comp claim costs down

Business Insurance - Web News - Fri, 02/03/2012 - 15:20
CAMBRIDGE, Mass.—Virginia's workers compensation system has higher medical costs than many states, but low claim frequency has kept down insurance premiums and average claim costs, according to the Workers Compensation Research Institute.

Judge approves $725M securities suit settlement by AIG with Ohio pension funds

Business Insurance - Web News - Fri, 02/03/2012 - 15:06
NEW YORK—A federal judge on Friday approved a $725 million settlement of a securities class action lawsuit that the state of Ohio brought against American International Group Inc.

OFF BEAT: Copyright infringement is Batman's newest nemesis

Business Insurance - Web News - Fri, 02/03/2012 - 14:16
Batman might be able to protect Gotham City all on his own, but he needed the help of a federal judge to protect the copyright to his famous ride.

Pinnacol Assurance delays restructuring pending further review

Business Insurance - Web News - Fri, 02/03/2012 - 13:34
DENVER—A plan to privatize Pinnacol Assurance has stalled following questions about the proposal from the insurer's stakeholders, including employers.

Pennsylvania comp rates decline 5.7% for 2012

Business Insurance - Web News - Fri, 02/03/2012 - 13:29
HARRISBURG, Pa.—Pennsylvania employers will see a workers compensation rate decrease averaging 5.7% for 2012, the state’s Insurance Department said.

Court to rehear closely watched climate change insurance coverage case

Business Insurance - Web News - Fri, 02/03/2012 - 12:46
RICHMOND, Va.—The Virginia Supreme Court has agreed to rehear a climate change suit after previously upholding a lower court ruling that Steadfast Insurance Co. has no obligation to indemnify Arlington, Va.-based energy corporation AES Corp.

Injured worker entitled to comp benefits despite positive drug test: Court

Business Insurance - Web News - Fri, 02/03/2012 - 12:40
LAKE CHARLES, La.—A restaurant server who tripped over a box of potatoes is entitled to workers compensation benefits despite a post-injury drug test showing marijuana and Xanax consumption, a Louisiana appeals court ruled.

Validus profits down 94.7% in 2011 due to catastrophe losses

Business Insurance - Web News - Fri, 02/03/2012 - 12:06
PEMBROKE, Bermuda—Beleaguered by natural catastrophes and man-made disasters, Validus Holdings Ltd. announced on Friday that its annual net income plummeted 94.7% in 2011, to $21.3 million from $402.6 million in 2010.

Goldman to face mortgage debt class action lawsuit

Business Insurance - Web News - Fri, 02/03/2012 - 11:45
NEW YORK (Reuters)—Goldman Sachs Group Inc. was ordered by a federal judge to face a securities class action lawsuit accusing it of defrauding investors about a 2006 offering of securities backed by risky mortgage loans from a now-defunct lender.

BB&T buying life, property/casualty operations of Crump Group for $570M

Business Insurance - Web News - Fri, 02/03/2012 - 10:12
ROSELAND, N.J.—BB&T Corp. has reached an agreement to acquire the life and property and casualty insurance operating divisions of Roseland, N.J.,-based Crump Group Inc. for $570 million, BB&T announced Friday.

Aon revenue surges to $11.29B largely on Hewitt Associates purchase

Business Insurance - Web News - Fri, 02/03/2012 - 10:09
CHICAGO—Aon Corp.'s revenue jumped to $11.29 billion in 2011, a 32.7% increase over that of a year earlier, due in large part to its purchase of Hewitt Associates Inc., the Chicago-based brokerage reported Friday.

Japan to join global nuclear compensation pact

Business Insurance - Web News - Fri, 02/03/2012 - 10:00
TOKYO (Reuters)—Japan will join at least four other nations in a pact to help compensate victims of nuclear accidents in member countries, a newspaper reported on Friday, as it continues to grapple with the aftermath of the world's worst atomic...

Partial annuities included in proposed rules for lifetime income options

Business Insurance - Web News - Fri, 02/03/2012 - 09:30
WASHINGTON—Providing partial annuities and reducing restrictions on so-called deferred longevity annuities were parts of proposed regulations on lifetime income options in retirement plans announced Thursday by the Treasury Department.

Molderizer.com Issues A New Blueprint That Helps Reduce Mold Removal...

PRWeb: Industry Insurance - Fri, 02/03/2012 - 01:00

Placing emphasis on helping mold sufferers, the team at Molderizer.com has moved into assisting mold professionals and mold sufferers with it's new guide about mold removal cost. While there is...

(PRWeb February 02, 2012)

Read the full story at http://www.prweb.com/releases/2012/2/prweb9158460.htm

Free iPhone App Puts Prescription Savings Card on Your Phone

PRWeb: Industry Insurance - Fri, 02/03/2012 - 01:00

Prescription savings leader Medicationdiscountcard.com today announced the release of a new free companion app for its signature Prescription Savings Card. The new iPhone app gives customers up to...

(PRWeb February 02, 2012)

Read the full story at http://www.prweb.com/releases/2012/2/prweb9155957.htm

Georgetown University Report Finds Children’s Health Law Has Worked...

PRWeb: Industry Insurance - Fri, 02/03/2012 - 01:00

Georgetown University Health Policy Institute’s Center for Children and Families released a progress report on the Children’s Health Insurance Program Reauthorization Act (CHIPRA), which was signed...

(PRWeb February 02, 2012)

Read the full story at http://www.prweb.com/releases/2012/2/prweb9158716.htm

Insurance Technologies Introduces Legacy – Arizona Auto Insurance...

PRWeb: Industry Insurance - Fri, 02/03/2012 - 01:00

Insurance Technologies Corporation, a leading provider of insurance rating, agency management, and website solutions, announced the inclusion of Legacy – Arizona Auto Insurance Company...

(PRWeb February 02, 2012)

Read the full story at http://www.prweb.com/releases/insurance_rater/comparative_rating_system/prweb9163109.htm

Foremost Insurance Group Pegram Racing Team Rides Again into the 2012...

PRWeb: Industry Insurance - Fri, 02/03/2012 - 01:00

Professional, hard working, and passionate are just a few words to define the Foremost Insurance Pegram Racing race team. For the third year in a row, Foremost® will maintain the title...

(PRWeb February 02, 2012)

Read the full story at http://www.prweb.com/releases/2012/2/prweb9160380.htm

Broad Metrics Show Virginia to be a Lower Cost State, but Medical...

PRWeb: Industry Insurance - Fri, 02/03/2012 - 01:00

Broad metrics of workers’ compensation costs show that Virginia is a lower cost state, largely due to a lower frequency of claims, according to the...

(PRWeb February 02, 2012)

Read the full story at http://www.prweb.com/releases/2012/2/prweb9154091.htm

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