Medical malpractice insurance rates might be too high because some insurers are spending as little as two or three percent of premiums to pay out claims, according to the California Department of Insurance.
Mitchell International, Inc., a provider of information, workflow, and performance management solutions to the property/casualty claims and collision repair industries, expanded its claims technology platform with the introduction of the Mitchell Regulatory Reporting Solutions
NU P&C’s Risk Management Editor Caroline McDonald reviews some of the tough choices municipalities face between balanced budgets and cuts in needed services and people, going on to review some smaller cuts of unnecessary spending, which governors of two large states are proposing.
The role that insurance agents play in the health marketplace in 2014 and beyond will likely be left up to the states, said Joel Ario, head of the insurance exchange bureau of the federal Department of Health and Human Services (HHS).
Wholesale insurance brokerages continue to make acquisitions in 2011, with Ryan Specialty Group announcing two earlier this month and AmWINS announcing three.
Shareholder plaintiffs bringing derivative actions typically sue the directors and officers “in the name and for the benefit of” the company in which they hold shares, alleging harm done to the company through breaches of various duties.