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The Risk and Insurance Management Society Inc. (RIMS) said it has formed a new committee designed to increase the society's profile in the standards and practices arena.
The National Risk Retention Association is asking state insurance commissioners to revise standards states use to regulate risk retention groups, to reflect the fact that they are primarily regulated through a federal law.
The Workers Compensation Research Institute (WCRI) has announced that it will host its 26th Annual Issues & Research Conference in 10 different cities instead of requiring travel to Boston, in order to accommodate attendees' travel restrictions.
Edward Liddy, before he stepped down as AIG's embattled chair and chief executive last week, wrote company employees to tell them that despite liquidations to repay government loans, the company is undergoing a rebirth, not a breakup.
A California state appeals court has ruled in a fatal malpractice case brought against a veterinarian that a pet owner is not entitled to recover emotional damages.
The U.S. property and casualty insurance market remains soft overall, with prices down by an average of 6 percent in July--unchanged from the previous month, according to the latest "Market Barometer" survey by an electronic insurance exchange.
IAS Claim Services is looking for adjusters. And according to its chief executive officer, others in the claims field are looking as well--demand for quality adjusters remains high, despite the struggling economy.
In November 2004, Robert L. Whiteside submitted a receipt to State Farm Fire and Casualty Company, claiming that his chrome rims and tires had been stolen from his residence during a burglary.
Three Ohio pension funds have reached a $115 million settlement agreement with Maurice Greenberg, former CEO of American International Group (AIG), and three other company executives.
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