An Illinois appeals court has decided that an employee who injured his knee playing basketball at a company picnic can file a workers’ compensation claim. The decision overturned a ruling by an arbitrator who ruled against the man, William Woodrum, …
Standard & Poor’s has revised its counterparty credit and financial strength ratings on Tennessee malpractice insurer, American National Lawyers Insurance Reciprocal Risk Retention Group (American National Lawyers Insurance) to “R” from “Bpi.” “This rating action was taken after the Tennessee …
Attorney General Eliot Spitzer and New York State Superintendent of Insurance Gregory Serio filed a lawsuit against an Albany health plan for reportedly operating without a license. The lawsuit alleges that the Millennium Business Association of America, Inc. (Millennium) and …
Transatlantic Holdings, Inc. reported that its net income for 2002 increased to $169.3 million, or $3.21 per common share (diluted), compared to $18.9 million, or $0.36 per common share (diluted), in the prior year. 2002 net income includes a previously …
The Texas Senate passed legislation that requires all insurers writing residential property insurance to make a one-time data report to the insurance commissioner for use in a report to the legislature on underwriting. Insurers must include in the report information …
Sen. Patrick Leahy (D-Vt.) and eight other Senate Democrats have introduced a bill that would strip medical liability insurers of their immunity to anti-trust laws. The Medical Malpractice Act of 2003 (S. 352) would amend the McCarran-Ferguson Act, which established …
Zenith National Insurance Corp. declared a regular quarterly cash dividend of $.25 per share on its outstanding shares. The dividend is payable May 15, 2003 to stockholders of record at the close of business on April 30, 2003.
Washington-based Unigard Insurance Company (www.unigard.com) has taken the next step of an ongoing commitment to facilitate greater profits for their partner agents through the efficiencies of open ACORD standards. Arne Chatterton, vice president of Marketing & Field Operations, after recently …
Risk Management Solutions (www.rms.com), a provider of products and services for the management of catastrophe risk, has launched the third generation of its U.S. Hurricane model, the first such model to fully represent the physical processes of hurricanes that impact …
Following a review, Standard & Poor’s has affirmed its ‘A’ long-term insurer financial strength rating on U.K.-based Lloyd’s insurance market. “The rating on Lloyd’s reflects the continuing commitment of capital providers to the Market and the consequent increase in capacity …