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Farmers Insurance will pay more than $1.5 million in overtime back wages to 3,459 employees for pre-shift work they performed but were never compensated for.
Robert Hartwig, president and economist at the Insurance Information Institute, met with Tuscaloosa Mayor Walt Maddox to present a check on behalf of the industry.
MSC Care Management, a provider of medical products and care management solutions to the workers' compensation industry, launches a real-time, online communication and referral management system to help relieve the administrative burden for claims adjusters and nurse case managers.
Sword Insurance, a provider of software and services to the property & casualty insurance industry, announces the completion of its previously announced acquisition by Thomas H. Lee Partners, L.P. Dowling Capital Partners I, L.P. was a co-investor in the transaction. Additional terms of the transaction were not disclosed....
Fireman’s Fund says CEO Michael LaRocco has left the company to pursue other professional opportunities and has been replaced by Lori Dickerson Fouché.
Premium growth is expected to continue throughout 2011 as the global economy recovers; however, the industry may be challenged by reserve adequacy issues, stricter regulations and rising combined ratios, according to a new report.
Reinsurance renewals for the worst-impacted catastrophe property risks experienced sharp increases for June and July, but ample capacity remains in the market, according to an Aon Benfield report.
Buena Park, Calif.-based Freeway Insurance, a provider of non-standard auto insurance and a subsidiary of New York-based Confie Seguros, has announced Joseph Waked as its new chief executive officer, replacing John Klaeb, who was named chairman.
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