Businesses reduce liability insurance limits. (Up Front).
For the first time in six years, businesses reduced the level of insurance they purchase to protect themselves against catastrophic liability exposures. A new report by New York-based Marsh Inc. finds that companies reduced their liability insurance limits by an average of 6 percent in 2002. According...

Get the most from your EPLI dollar: despite the hard market, risk managers can still negotiate favorable language when purchasing employment practices liability insurance. But they need to be creative in their search for solutions. (Liability).
The need for employment practices liability insurance (EPLI) has never been greater, as more employees file more complaints and lawsuits claiming they were sexually harassed, wrongfully terminated, or subjected to race or sex discrimination by their employers. And it's not just individual employees who are complaining. Today, every major...

Hanover purchases Michigan insurer; Company serves small law firms.
Byline: Bob Kievra WORCESTER - The Hanover Insurance Group Inc. yesterday said it would spend $23 million to acquire a niche Michigan insurance company that provides professional liability insurance to small law firms. After the markets closed yesterday, Hanover said it had forged an agreement...

LTO: Hahaha and ha!
Byline: JULIE YAP DAZA STARTING yesterday, the "Lousy Transportation Office" was to have begun mandatory third party liability insurance of all vehicles as a requisite for registration. The monopoly, according to the industry, would have swallowed up thousands of jobs just to feed the gargantuan...

Power brokers: education.
[ILLUSTRATION OMITTED] Anne Mulholland Director, Higher Education Alliance Aon Chicago Last year, a major research university in the Midwest had a serious headache. Its insurance had to cover its parent medical facility and several affiliates, which sometimes...

Just say no more to liability insurance? FP opens practice without coverage.
BERWYN, ILL. -- As his fiance of 1 week answered phones in the tiny reception area of his new practice, Dr. Mark Macumber leaned against the doorway to his one sparsely equipped exam room and considered his new role as either a trailblazer among his fellow physicians or as...

Liability insurance reform.
The suggestion by Paul B. Bartulica, M.D., that physicians should organize to gain political clout is meritorious, but futile ("Rx for Civil Justice System," Letters, Oct. 1, 2004, p. 13). If physicians were as organized as the plaintiffs' bar, we wouldn't have spent 30 years complaining about our miserable...

Should antitrust principles be used to assess insurance residual market mechanisms, such as New York's medical malpractice insurance plan?
State-created insurance residual market mechanisms are typically designed to address flaws in markets in which a significant number of purchasers have difficulty obtaining affordable insurance; such programs, however, have often led to crises in such markets, and occasionally to economic catastrophe. (1) In this Paper, particular attention will be...

Health plans' claims for reimbursement from personal injury recovery: recent ERISA rulings, unanswered questions: healthcare plan reimbursement has been a contentious issue for plaintiffs' personal injury lawyers and plan counsel alike. The United States Supreme Court's recent Sereboff decision answered some questions, but others remain.
Generally, health insurance (or self-funded benefits) provided by an employer or an employee organization to the employees and their dependents is governed by the Employee Retirement Income Security Act ("ERISA"), 29 USC section 1001 et seq. Individual health insurance policies, group health insurance policies that are not employment related,...

Business briefs.
COLUMN: Business briefs Telegram & Gazette Bloomberg Index Central Massachusetts +0.54 178.81 Volume: 35,428,936 Up: 10 Down: 12 Unchanged: 10 Gainer: Waters Corp. $65.55 +$1.34 (volume of 1.11 million...