A.M. Best Co. has affirmed the financial strength ratings of A (Excellent) on the pool members of the Novato, Calif.-based Fireman’s Fund Insurance Companies (FFIC). The ratings are being removed from under review and the outlook remains negative. FFIC is …
Captive domiciles have reportedly been touting 2002 as a banner year for new captive formations, with a record 462 new captive insurance companies being licensed, according to the special report, “Sizing Up the Captive Market: Growth in the Number of …
Insuring The Children will present its ninth annual forum, “The Future of This Industry,” Thursday, May 22, at The California Club, 538 S. Flower St., Los Angeles. Registration begins at 8 a.m., with the Forum running 8:30 – 11:30 a.m. …
A recently enacted New Jersey law prohibiting discrimination by insurers against individuals or applicants based on a history of domestic violence could reportedly inadvertently open the door for fraud and an unfair subsidization of high-risk consumers. “Although it purports to …
Institute of Inspection, Cleaning and Restoration Certification (IICRC) president, Lee Zimmerman, recognized Larry Cooper and Jeff Bishop for their many years of support and contributions as volunteer IICRC Board Members during the recent Spring Board of Directors meeting. Both Bishop …
A significant tort reform bill that will reportedly amend Montana law by limiting punitive damages passed the legislature and now awaits the Governor’s signature. “We applaud the Montana legislature for recognizing the need to control these awards,” said Donald Cleasby, …
Wednesday, April 30, 2003 is shaping up to be a milestone for the California workers’ compensation system. On that day, the California Senate Insurance Committee is expected to hear 60 percent of the Assembly workers’ comp bills. Nearly 20 bills …
Following an investigation into alleged unfair business practices due to the failure to send Doctor’s First Report of Injury to workers’ compensation insurance carriers, U.S. Healthworks and Alternative Solutions, Inc., the largest industrial medical provider in California, without admitting liability, …
Progressive Corp. reported first quarter 2003 net income of $291.5 million, or $1.32 per share, compared to $176.2 million, or 78 cents per share in the first quarter last year. Net premiums written and earned both increased 32% to $2,879.3 …
Standard & Poor’s has affirmed its ‘BBB-/A-3’ counterparty credit rating on CNA Financial Corp. (CNA) and its ‘A-‘ counterparty credit and financial strength ratings on CNA’s insurance subsidiaries after the senior debt rating on Loews Corp. (Loews) was placed on …