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Insurance News
CAMBRIDGE, Mass.—Virginia's workers compensation system has higher medical costs than many states, but low claim frequency has kept down insurance premiums and average claim costs, according to the Workers Compensation Research Institute.
NEW YORK—A federal judge on Friday approved a $725 million settlement of a securities class action lawsuit that the state of Ohio brought against American International Group Inc.
Batman might be able to protect Gotham City all on his own, but he needed the help of a federal judge to protect the copyright to his famous ride.
DENVER—A plan to privatize Pinnacol Assurance has stalled following questions about the proposal from the insurer's stakeholders, including employers.
HARRISBURG, Pa.—Pennsylvania employers will see a workers compensation rate decrease averaging 5.7% for 2012, the state’s Insurance Department said.
RICHMOND, Va.—The Virginia Supreme Court has agreed to rehear a climate change suit after previously upholding a lower court ruling that Steadfast Insurance Co. has no obligation to indemnify Arlington, Va.-based energy corporation AES Corp.
