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AIG Agrees to $146.5 Million 50 State Settlement for Workers Comp Misreported Premiums
American International Group Inc. and its affiliates have agreed to pay $146.5 million to all 50 states and the District of Columbia to settle a complaint that it misreported billions of dollars in workers compensation premiums in past years.
Florida...
Judge Approved AIG $450 Million Workers Comp Settlement – Liberty Mutual Unhappy
Liberty Mutual said it will continue its legal fight even after a federal judge formally approved a $450 million workers’ compensation class-action settlement between AIG and its rival companies.
Read Complete Story at Claims Journal
The class...
Willis Group took $28 Million Charge Back After Employees Falsified Commissions & Fees
Willis Group Holdings took a charge of $28 million after an internal audit discovered a group of employees within the company falsified commissions and fees earned for more than five years.
From – Property & Casualty 360 NU Online...
California Files Action Against Workers Comp Insurer Zurich for Unapproved Agreements
Zurich uses unauthorized large deductible agreement without approval of California Department of Insurance. Per Press Release Issued by CDI – www.Insurance.ca.gov
The California Department of Insurance today announced the commencement...
Workers Comp Policy Institute Study Finds NY Employer Surcharge Excessive
According to analysis done by the Workers’ Compensation Policy Institute, the assessment surcharge added to workers’ compensation costs for New York employers is five times greater than the average imposed in other states. It is more...
Navigators Management Company Launches Wholesale Operations Unit
Press Release: The Navigators Group, Inc. (NASDAQ:NAVG) today announced that its principal underwriting agency subsidiary,Navigators Management Company, Inc. (NMC), has launched a new operating unit, Navigators Specialty, which will focus exclusively...
