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Workers' compensation reforms passed in Texas during the early and mid part of the last decade have led to a trend of decreases and stabilization in the medical costs per claim, according to the Workers' Compensation Research Institute.
For 2009 the personal lines insurance sector is likely to have experienced underwriting losses, and 2010 has a negative outlook, Standard & Poor's Ratings Services reported.
Laws banning the use of hand-held phones while driving have failed to reduce crashes, according to research conducted by the Highway Loss Data Institute.
Arthur J. Gallagher & Co. insurance brokerage declared a regular quarterly cash dividend of 32 cents a share on its common stock payable on April 15 to shareholders of record as of March 31.
Indiana's Republican Gov. Mitch Daniels ordered his state's insurance department not to participate in a National Association of Insurance Commissioners climate risk survey, one official said.
House Democrats are planning a vote next week on legislation that would repeal the McCarran-Ferguson Act anti-trust laws exemption for health care and medical malpractice insurers.
House Democrats are planning a vote next week on legislation that would repeal the McCarran-Ferguson Act anti-trust laws exemption for health care and medical malpractice insurers.
A recent Katrina-related trial in Mississippi that accused an insurer of bad faith, breach of contract, and other charges related to its claim-handling practices has ended with a favorable verdict for the defendant.
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