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Latest Insurance News

Insurance Journal News

 
South Carolina Court Upholds $10 Million Award Against Bar, OwnersThu, 29 Jul 2010 08:28:47 -0500South Carolina liquor stores, bars and their owners may be liable for injuries caused by a patron they "knew or should have known" was intoxicated even if the customer does not appear drunk. The ...
Diette Joins Target Insurance ServicesThu, 29 Jul 2010 08:22:24 -0500Connecticut-based managing general underwriter Target Insurance Services has named Mark Diette as senior vice president in charge of business development. Diette, who will also lead one of ...
Best Lowers Business Alliance Ratings after Adverse Court DecisionThu, 29 Jul 2010 07:26:56 -0500A.M. Best Co. has downgraded the financial strength rating to 'B+' (Good) from 'B++' (Good) and issuer credit rating to "bbb-" from "bbb" of San Bruno-based Business Alliance Insurance Company ...
BP: Claims Payments Top $256 MillThu, 29 Jul 2010 07:24:04 -0500BP said it estimates it will pay at least $60 million in advance payments in August to claimants across the Gulf Coast who have lost income or net profit due to the oil disaster in the Gulf of ...
SeaBright Files California Rate IncreaseThu, 29 Jul 2010 07:23:42 -0500SeaBright Holdings Inc. announced that its subsidiary, SeaBright Insurance Co., has filed a 15.3 percent rate increase with the California Department of Insurance. The Company plans to apply the ...

AM Best News

 
BestDay Video for Thursday, July 29: Insurers Look to Go Mobile Thu, 29 Jul 2010 09:42:32 BestDay Video for Thursday, July 29: Marie Carr, a partner in the insurance practice at Diamond Management and Technology Consultants, discusses the value mobile applications are bringing to ...
BestDay Audio for Thursday, July 29: Travelers' Homer Sandridge on E&O Coverage; Adjusting the High-Value Claim Thu, 29 Jul 2010 09:34:43 BestDay Audio Podcast for Thursday, July 29: Homer Sandridge, vice president of professional liability for Travelers bond and financial products division, discusses the myriad of changes taking place ...
EHealth Inc. Leads Wednesday's AMBG as Global Insurance Index Declines 0.63% Thu, 29 Jul 2010 09:30:04 The AMBG closed Wednesday, July 28, at 792.11 (-0.63%). Of the 15 A.M. Best stock indexes, one rose and 14 declined. Leading A.M. Best's Global Insurance Composite Index (AMBG) were eHealth Inc. ...
Farmers Agrees to $100 Million in Rebates, Rate Cuts for California Drivers Wed, 28 Jul 2010 16:51:40 Farmers Insurance will pay out approximately $32 million in premium rebates as part of an agreement with California regulators that will also lower automobile insurance rates by an average of ...
California Court Upholds Poizner Rejection of Deal for Executive Life Wed, 28 Jul 2010 16:46:36 The California Department of Insurance won a court victory in the nearly 20-year-old saga of the fate of the former Executive Life Insurance Co. when a superior court judge upheld its denial of a ...

WC Exec News

 
Flash: State Fund Appoints New PresidentTue, 27 Jul 2010 07:34:18 GMTState Fund Compensation Insurance Fund makes a big change in its front office. Find out all about it by clicking here.
Flash: New Jersey Considers Privatizing Comp Claims AdministrationMon, 26 Jul 2010 08:05:06 GMTNew Jersey Gov. Chris Christie's privatization task force has a host of recommendations for saving the Garden State money while improving efficiency for taxpayers. So what's in store for that state's workers' comp system? Click here for the details.
Ex Parte Case Back Before Second District Court of AppealTue, 20 Jul 2010 09:17:56 GMTState Compensation Insurance Fund is often accused by the rest of the industry of making poor case law, and a recent Court of Appeal decision only adds to that reputation. So what's it doing to correct the mistake? Inquiring minds can click here to get the full story.
RBRVS Revisions Shift Money Among ProvidersTue, 20 Jul 2010 09:09:48 GMTAnother Medicare solution being proposed in California by the Division of Workers' Compensation is creating teeth gnashing. Why, you ask? Click here for the details.
Recession Drives More Job Cuts at Workers’ Comp CarrierTue, 20 Jul 2010 09:04:20 GMTWorkers' comp carriers are not immune from the economic challenges facing their customers. Who has to deliver the bad news? Who is feeling the impact? Premium subscribers click here to get the full story.

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Latest Business News

AP Business News

 
Stocks climb on earnings, drop in jobless claimsThu, 29 Jul 2010 13:44:11 GMT
By STEPHEN BERNARD 2010-07-29T13:44:11Z
NEW YORK (AP) -- Stocks rose Thursday after a new batch of upbeat earnings and a modest drop in jobless claims renewed some optimism about the economy....
Initial jobless claims drop to 457,000Thu, 29 Jul 2010 13:30:00 GMT
By CHRISTOPHER S. RUGABER 2010-07-29T13:30:00Z
WASHINGTON (AP) -- New jobless claims fell last week for the third time in four weeks but remain elevated. The decline is a sign that the economy added jobs in July, still not enough to lower the nation's high unemployment rate....
AP survey: A bleaker outlook for economy into 2011Thu, 29 Jul 2010 11:05:01 GMT
By JEANNINE AVERSA 2010-07-29T11:05:01Z
WASHINGTON (AP) -- The U.S. economic recovery will remain slow deep into next year, held back by shoppers reluctant to spend and employers hesitant to hire, according to an Associated Press survey of leading economists....
Exxon Mobil's 2Q earnings more than doubleThu, 29 Jul 2010 13:31:24 GMT
By CHRIS KAHN 2010-07-29T13:31:24Z
NEW YORK (AP) -- Exxon Mobil Corp. said Thursday its second quarter income nearly doubled to $7.56 billion as oil prices increased from last year....
Foreclosure activity up across most US metro areasThu, 29 Jul 2010 07:29:14 GMT
By ALEX VEIGA 2010-07-29T07:29:14Z
LOS ANGELES (AP) -- Households across a majority of large U.S. cities received more foreclosure warnings in the first six months of this year than in the first half of 2009, new data shows....

CNN Business News

 
Jobless claims slide in latest weekThu, 29 Jul 2010 09:18:27 EDTThe number of Americans filing for initial unemployment insurance fell last week, the government said Thursday.
Exxon Mobil profit surges 91%Thu, 29 Jul 2010 09:06:05 EDTExxon Mobil Corp. reported quarterly earnings Thursday that easily beat analysts' expectations as oil and gas prices rebounded.
Toyota recalls 400,000 cars over steering issuesThu, 29 Jul 2010 09:10:42 EDTToyota Motor Corp. said Thursday it was recalling more than 400,000 older-model vehicles sold in the United States, citing potential steering-related problems in both.
Desperately seeking math and science majorsThu, 29 Jul 2010 05:11:18 EDTApplied Materials had to fly in 100 interviewers just to screen all the job applicants for its new Solar Technology Center in Xi'an, China, last year. The company wanted to fill 260 high-tech jobs. It got 26,000 resumes. A fraction of those applicants were invited to interview. The final selectees, board member Andy Karsner tells me, "were top-of-their-class, English-speaking engineers. They're the best of the best." Now some of the most advanced research in this high-value, fast-growing field is being done in China -- instead of in the U.S. with American engineers. Why should we care? Because it's graduation season, when we see how starkly the direction of the American educational system differs from the way that faster-growing economies are headed. Those Chinese solar researchers are the cream of an engineering crop that included an estimated 10,000 Ph.D. graduates last year. This spring the U.S. will graduate about 8,000 Ph.D. engineers, an estimated two-thirds of whom are not U.S. citizens. About 150,000 students who majored in engineering, computer science, information technology, and math will collect bachelor's degrees. The Chinese government claims that in recent years the number in China has been well north of 500,000 and rising fast; even if overstated, as some believe, the real number is much larger than America's, and the quality of those graduates is improving.
Stocks set for early gainsThu, 29 Jul 2010 08:54:16 EDTU.S. stocks were set to rise Thursday, as investors attempted to shake off worries about slowing economic growth and looked to corporate earnings.