The number of people without health insurance in the United States fell slightly even as employment-based coverage continued its long, steady decline, the Bureau of the Census reported Tuesday. Last year, the number of Americans without health insurance fell to 45.7 million, down slightly from 47…
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The National Academy of Social Insurance released a report Tuesday showing that U.S. workers compensation medical and indemnity benefit payments declined 1.5% to $54.7 billion during 2006. The nationwide decrease in payments was largely a result of a 7.2% decrease in California, which implemented…
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Employers plan to offer a variety of benefits to alleviate the impact of higher gasoline prices on employees, including a compressed work week and increased use of telecommuting, a new study reveals. Within the next six months, 22% of employers plan to offer at least some of their employees the…
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LONDON— Business Insurance Europe Editor Adrian Ladbury has been named general manager of the biweekly newspaper, with increased responsibility for overseeing sales, marketing and online operations. Mr. Ladbury’s promotion was announced by Martin J. Ross III, publisher of BI Europe and…
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OTTAWA—The Ontario Superior Court of Justice’s Ottawa Divisional Court has upheld an $80,000 judgment in favor of an information technology specialist dismissed from his job just days after disclosing to his employer that he suffered from bipolar disorder. Information technology specialist…
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SAN FRANCISCO—The 9th U.S. Circuit Court of Appeals in San Francisco on Monday affirmed an order vacating $700 million in punitive damages awarded to the California Insurance Commissioner in connection with the 1991 sale of now-defunct Executive Life Insurance Co. Monday’s ruling also vacated $
Tags: insurance, insurance commissioner, life insurance
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Surplus lines insurers‘ share of the market is expected to continue decreasing over the near term unless a catastrophe curtails competition from standard market insurers, according to an A.M. Best report released Monday. "While surplus lines insurers outperformed the property/casualty industry in…
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NEW YORK (Reuters)—Boeing Co. offered its largest workers’ union wage increases and other incentives for a new labor contract, but the union called the proposals "insulting" and stepped up its threat to go on strike in early September. Boeing proposed a pay raise of 2.5% the first year and 2%…
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HAMILTON, Bermuda—A.M. Best Co. removed XL Capital Ltd. and its subsidiaries from review Monday and affirmed the financial strength rating of ‘A’ for XL Capital Group. Best also assigned Hamilton, Bermuda-based XL’s subsidiaries a stable outlook and said it expects the insurer and reinsurer to…
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NEW YORK—New York Gov. David Paterson on Monday said legislation mandating a one-year freeze on medical malpractice rates for physicians in New York allows the state more time to develop a long-term solution for rising premiums. The bill, signed by the governor Sunday, will freeze medical…
Tags: Medical, Premium
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Combined Commercial & Small Business Insurance
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