Jeff Casale (mailto:jcasale@businessinsurance.com)
HELENA, Mont.?Montana?s Supreme Court recently ruled in two separate workers compensation cases that the employees were due insurance for injuries. On Thursday, a unanimous Supreme Court agreed with a Montana District Court ruling that Maril BeVan?s injuries sustained in May 2005 car crash should...
SOUTHFIELD, Mich.?North Pointe Holdings Corp. on Friday signed a definitive merger agreement to be acquired by QBE Holdings Inc. in a cash transaction valued at approximately $146 million. New York-based QBE Holdings Inc. is a subsidiary of Australia-based insurer and reinsurer QBE Insurance Group...
NEW YORK?Lloyd?s of London said Wednesday that Wendy Baker, president of Lloyd?s America Inc., will leave the organization at the end of the month. Sue Langley, head of market operations and North America at Lloyd?s offices in New York, announced earlier in the week that Ms. Baker had decided to...
HAMILTON, Bermuda?Bermuda Premier Ewart F. Brown of Bermuda?s Progressive Labor Party has won another term in office. The Tuesday general election victory grants the ruling PLP party a third term in office. Mr. Brown won another term as premier in a race against United Bermuda Party leader Michael...
NEW YORK?The Risk & Insurance Management Society Inc. on Monday said it has made a $300,000 contribution to the Spencer Educational Foundation Inc., marking one of the largest contributions the foundation has received since its inception in 1979. The donation by the New York-based RIMS will go...
ITASCA, Ill.?Arthur J. Gallagher & Co. announced Friday that it has acquired a 38.5% equity interest in CGM Group Ltd., a Kingston, Jamaica, insurance broker and risk management company. Terms and conditions of the agreement were not disclosed. CGM Group provides property, casualty, health,...
ANNAPOLIS, Md.?Nearly $100 million will be returned to the State of Maryland and physicians as the result of an agreement reached between the Medical Mutual Liability Insurance Society of Maryland, Gov. Martin O?Malley and Insurance Commissioner Ralph S. Tyler. Under a consent order released...
U.S. tort costs totaled $247 billion in 2006, a 5.5% decline from the previous year, according to a report released by Towers Perrin this week. The decline is the first since 1997, the report states. The report, ?2007 Update on U.S. Tort Cost Trends,? which was published by the Tillinghast...
AUSTIN, Texas?Southwestern Insurance Information Service reported Thursday that insured losses from the Oklahoma ice storm could reach $35 million. The Austin, Texas-based industry trade group that represents insurers writing business in Oklahoma and Texas, said that most of the damage from...
LOS ANGELES?California Insurance Commissioner Steve Poizner said Thursday that he is seeking $12.6 million in fines and penalties from health insurer Blue Shield of California Life & Health Insurance Co. for alleged violations regarding health care rescissions and poor claims handling. The...
