A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of NIPPONKOA Insurance Company, Ltd., Tokyo, with a stable outlook. The company has a financial size category of XV. The rating reflects the company’s excellent capitalization, strong market …
Insurance Journal senior staff writer Dave Thomas, along with publisher Mark Wells, recently caught up with former California Insurance Commissioner Chuck Quackenbush. Quackenbush, who has been working in Hawaii as a consultant, speaks about a range of topics from the …
A.M. Best Co. has lowered the financial strength rating to A- (Excellent) from A (Excellent) of PMA Capital Insurance Company (Pennsylvania) with a stable outlook. The current financial strength rating of A- (Excellent) with a stable outlook of PMA Insurance …
Shifting its focus from extreme stunts to surreal encounters, reality television has scored high ratings by pushing the envelope to catch contestants in compromising situations. But as the ratings surge, so reportedly do the lawsuits. As reality shows have become …
The National Association of Independent Insurers (NAII) is encouraging the National Highway Traffic Safety Administration (NHTSA) ‘to push the envelope’ in developing safety uses and regulatory standards for auto event data recorders (EDRs), more commonly known as black boxes. NAII, …
Richard Palczynski, senior vice president and chief actuary for The Hartford Financial Services Group’s property-casualty division, has been honored with the Legends Award by the American Society of Workers’ Compensation Professionals (AMCOMP). The award, which was presented recently at the …
The American Association of Insurance Services (AAIS) will hold a Web-based seminar Wednesday, March 5, to provide an update on measures to comply with the new federal terrorism reinsurance program. Among other things, the seminar will cover requirements arising from …
New Jersey Acting Attorney General Peter Harvey announced that the former executive director of a Jersey City drug and alcohol treatment center has been sentenced in Mercer County Superior Court for reportedly defrauding the Medicaid Program of approximately $130,000. According …
The Iowa Division of Insurance could reportedly force insurers to consider diminished value as an additional measure of damages in all third-party automobile claims, if it issues a draft bulletin currently under consideration. Iowa is one of only eight states …
Risk Management Solutions (RMS), a provider of products and services for catastrophe risk management, announced that the Insurance Division of the Department of Commerce & Consumer Affairs in Hawaii has approved the RMS(TM) Hawaii Hurricane model for filing homeowners’ hurricane …