Insurance JournalUp to the minute insurance news and magazine archives for property casualty insurance professionalsBeacon Mutual Cuts Workers' Compensation Rates in R.I. 7.2%- June 24, 2008 Beacon Mutual Insurance Co., Rhode Island's largest workers' compensation carrier, reported that it will implement a 7.2 percent average decrease in rates that has been approved by the Department of Bhttp://www.insurancejournal.com/news/east/2008/06/24/91280.htm Maryland Insurance Chief to Rule on CEO's $18M Pay Package- June 24, 2008 Maryland's insurance commissioner heard closing arguments last week on whether to allow a nearly $18 million severance and retirement package for former Carefirst CEO William Jews. Insurance Commishttp://www.insurancejournal.com/news/east/2008/06/24/91276.htm Lloyd's Notes Growth of Insurance Linked Securities Market- June 24, 2008 "Convergence between the capital and insurance markets is gaining pace and Lloyd's insurers are at the forefront of developments," notes an article on the Lloyd's web site (http://www.insurancejournal.com/news/international/2008/06/24/91266.htm Authorities Launch Drunk Driving Crackdown on Georgia Roads- June 24, 2008 Georgia law enforcement officials are cracking down on drunken driving. Authorities are planning increased patrols and sobriety check points across the state over the next two weeks as part of thehttp://www.insurancejournal.com/news/southeast/2008/06/24/91284.htm U.S. Scientist Urges Emmissions Tax to Cut Greenhouse Gasses- June 24, 2008 The scientist who 20 years ago first told Congress that the Earth's climate was warming said Monday that urgent action was needed to cut greenhouse gases and proposed a tax on carbon emissions. Jamhttp://www.insurancejournal.com/news/national/2008/06/24/91264.htm Deadline Draws Near for New Minnesota Pool Safety Law- June 24, 2008 Public pool operators in Minnesota have until July 1 to complete a state survey required under a new law designed to weed out faulty drain covers. The survey is a condition to renew or receive a lhttp://www.insurancejournal.com/news/midwest/2008/06/24/91293.htm Delaware Firemen Pursue Ambulance Patient Safety Concerns- June 24, 2008 The Delaware Volunteer Firemen's Association says it is looking into the safety of patient compartments in ambulances. Executive secretary Jim Cubbage says questions first surfaced after a Januaryhttp://www.insurancejournal.com/news/east/2008/06/24/91272.htm U.S. Medical Device Makers Fear Rise in State Lawsuits- June 24, 2008 The U.S. medical device industry's worst short-term fear may be actor Dennis Quaid. Quaid last month urged Congress to preserve patients' rights to sue drug and device makers in state courts, afterhttp://www.insurancejournal.com/news/national/2008/06/24/91235.htm Wholesaler Russell Bond & Co. Opens New Jersey Office- June 24, 2008 Buffalo, New York-based insurance wholesaler Russell Bond & Co. has opened a new branch office in Hamilton, New Jersey. Called the Financial Institutions Underwriting Office, the new branch holdshttp://www.insurancejournal.com/news/east/2008/06/24/91251.htm Alabama Judge Upholds Fraud Verdict against AstraZeneca, Trims Judgment- June 24, 2008 An Alabama judge upheld the fraud verdict that the state won against AstraZeneca Pharmaceuticals LP in a Medicaid drug pricing suit, but ruled the punitive damages were too high, trimming the total juhttp://www.insurancejournal.com/news/southeast/2008/06/24/91221.htm |