Monthly Archives: <span>March 2003</span>

Medical Justice Introduces Countersuit Malpractice Policies in N.C.

Medical Justice™ Corporation announced it is partnering with local insurance brokers in North Carolina and Ohio, as well as the Florida Medical Association, to protect physicians from frivolous malpractice cases with its patented Medical Justice™ The company said Medical Justice …

A.M. Best Gives ACIC ‘A-‘ Rating

American Contractors Indemnity Company (ACIC) was recently awarded an A- (Excellent) rating by A.M. Best Company, according to Robert Thomas, CEO of the Los Angeles-based surety bond provider. According to Best’s Public Rating Rationale, ACIC was upgraded from B++ to …

A.M. Best Upgrades Rating of American Community Mutual

A.M. Best Co. has upgraded the financial strength rating to B- (Fair) from C++ (Marginal) of American Community Mutual Insurance Company (Livonia, Mich.). The rating outlook is positive. The rating action reflects American Community’s improving operating results, increased capital and …

American Conference Institute to Present Forum on Litigating Disability Claims

American Conference Institute will present the Sixth National Advanced Forum on Litigating Disability Insurance Claims, March 24-25, in Boston. The event will be held at The Omni Parker House, 60 School Street. For more information, contact Leo Abramovich at (888) …

N.J. Senate Commerce Comm. Unanimously Passes Auto Bill

The New Jersey Senate Commerce Committee, Monday unanimously passed an amended version of S.B. 1999, the auto insurance reform bill supported by the insurance industry, which is now headed to the Senate floor. “We’re hoping the bill passes out of …

AIA Blames Claims Costs on Increased Med-Mal Premiums for Ill. Physicians

Rising claims costs, not stock market losses, are the real culprit behind increasing medical malpractice premiums for Illinois physicians, the American Insurance Association (AIA) told legislators at a hearing. “When half of the doctors in Illinois are insured by a …

A.M. Best Affirms Rating of Accident Compensation Corp.

A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) of Accident Compensation Corporation (ACC), New Zealand. The outlook is stable. The rating reflects ACC’s unique status, which gives it the New Zealand government’s support of its unfunded …

S&P’s Affirms PartnerRe Ltd. and Subsidiaries Rtgs; Outlook Negative

Standard & Poor’s has affirmed its ‘A+’ counterparty credit rating on PartnerRe Ltd. and its ‘AA’ counterparty credit and financial strength ratings on PartnerRe Ltd.’s core subsidiaries. The outlook is negative. Standard & Poor’s also said that it withdrew its …

A.M. Best Affirms ‘B++’ Rating of Fuji Fire & Marine; ‘A+’ Rating of NZ’s ACC

A.M. Best Co. has affirmed the financial strength rating of B++ (Very Good) of Japan’s Fuji Fire & Marine Insurance Company Ltd. with a stable outlook, and the A+ (Superior) financial strength rating of New Zealand’s Accident Compensation Corporation (ACC), …

Survey Reports Businesses Not Prepared for E-Risks

A new survey reportedly reveals U.S. employers are making only a half-hearted effort to keep the workplace free from e-disasters including legal claims, malicious hackers, viruses, and security breaches, according to Clearswift, a provider in content filtering software. While 19 …