California Insurance Commissioner John Garamendi announced March 21 that California State Compensation Insurance Fund would continue to provide workers’ compensation coverage for employers incapable of finding coverage elsewhere per his command to State Fund president Dianne Oki on March 19. …
Responding to numerous inquiries concerning the availability of workers’ compensation insurance from the California State Compensation Insurance Fund (SCIF), Insurance Commissioner John Garamendi, backed by legislative leadership, reiterated his direction to SCIF management that it will continue providing coverage for …
Bermuda-based ACE Limited announced that its ‘A’ plus financial strength and counterparty credit rating, as well as the ratings of its insurance subsidiaries, have been reaffirmed by Standard & Poor’s (S&P’s). S&P’s affirmation follows a regular review begun last month …
A record crowd has registered for this year’s Claims Conference & Insurance Services Expo, which will be held March 30 – April 2 at the Dolphin and Swan Hotels at Disney World in Orlando. More than 3,000 claims industry professionals, …
A.M. Best Co. has downgraded the financial strength ratings of Winterthur Swiss Insurance Company (Switzerland) and its core subsidiary, Winterthur Life Insurance Company (Switzerland), collectively known as Winterthur Group, to A (Excellent) from A+ (Superior). At the same time, A.M. …
New Jersey’s Acting Attorney General Peter Harvey announced that an Essex County medical assistant has pled guilty to theft by deception for her reported role in submitting nearly $5,000 in fraudulent medical billings to an insurance company for chiropractic services …
Georgia Insurance Commissioner John Oxendine has called on the state’s insurance companies to expedite storm damage claims – estimated at $2.5 million – resulting from deadly tornadoes earlier in the week in Mitchell and Worth counties. Oxendine visited the affected …
Despite the onset of the long anticipated war with Iraq, there have as yet been no outright cancellations of coverage relating to the Persian Gulf Region. Many insurance companies, however, have warned that they will impose surcharges for airlines and …
The Alliance of American Insurers (AAI) and the Coalition for Auto Insurance Competition both hailed the passage by the full New Jersey Senate, by a vote of 30-4-7, of legislation aimed at reforming what the Alliance called “New Jersey’s long-suffering …
Maryland Insurance Commissioner Steven Larsen announced that insurance companies may not exclude coverage for liability arising out of toxic mold in either Personal or Commercial lines Liability Coverage; however, the announcement indicated that “they may limit coverage for liability stemming …