IBA West and the California Insurance Department now have dueling legal opinions on whether brokers and agents have a fiduciary duty to their clients.
IBA West on Friday released its own legal opinion to counter an opinion by the Insurance Department earlier this month. Department Senior St...Read More
Wisconsin-native Mark Fiebrink, an
executive vice president for the Liberty Mutual Group, was named
president and chief operating officer of Wausau Insurance. Mr. Fiebrink
replaces Joe Gilles, who will assume a new leadership role within the Boston-
based Liberty Mutual Group.
Despite spending more time on risk management, board directors at global businesses are failing to identify and manage emerging risks effectively, according to a report released Wednesday by Lloyd's.
Lloyd's, the world's leading specialist insurance market, working with the Economist Int...Read More
Two Louisiana workers' compensation offices that were closed because of Hurricane Rita have reopened and are back to normal business hours, though three satellite offices remain dark.
The Alexandria and Lafayette field offices of the Office of Workers' Compensation were closed Monday and T...Read More
A workers' compensation claimant with a previous settlement will be sentenced on Oct. 21 after pleading guilty to two felony counts of insurance fraud, American Commercial Claims Administrators (ACCA) said in a press release on Wednesday.
ACCA said Jose Ortiz, 43, of Oxnard was arrested ...Read More
Lorman Education Services is offering a seminar in Virginia that will provide a basic outline for the workers' compensation process, the pitfalls and traps for claimants, potential defenses to deny the possibility of claims, and insight to workers' compensation from both the claimants' attorneys' an...Read More
The Los Angeles Unified School District says it's making progress on reducing the unfunded workers' compensation liability by aggressively closing old claims and preventing new ones.
An article in the Los Angeles Daily News last week questioned the district's resolve to address its unfunded...Read More
Texas Mutual Insurance Co. has paid a $262,472 dividend to the Lone Star Auto Dealers purchasing group. The dividend covers the policy years 2002 through 2004.
The group dividends are separate from the $50 million of individual dividends that Texas Mutual Insurance Co. awarded to qualifying...Read More
Labor leaders in West Virginia are questioning why the state is still planning a bond issue to retire debt before the state privatizes its publicly owned insurer when a financial advisor to Gov. Joe Manchin says the system no longer faces a cash-flow crisis, the Charleston Daily Mail newspaper rep...Read More
The Louisiana Department of Labor has re-opened the job centers in LaPlace and Covington that had lost electrical power because of Hurricane Katrina.
The LaPlace Job Center at 2701 New Highway 51 has re-opened for unemployment insurance and Disaster Unemployment Insurance claims and job se...Read More