Standard & Poor’s Ratings Services announced that it has affirmed its ‘AA+’ long-term counterparty credit and insurer financial strength ratings on Jupiter Insurance Ltd., the Guernsey-based captive insurer of U.K.-based oil major BP PLC, with a stable outlook. “The ratings …
French bank Credit Lyonnais (CL), the Consortium de Réalisation (CDR), a French government agency established to take over the bank’s debt mountain in 1995, and other defendants officially plead guilty yesterday in federal court in Los Angeles to charges stemming …
Insurance Auto Auctions Inc., a provider of automotive salvage and claims processing services in the United States, announced the opening of a new greenfield facility in Tucson, Ariz. This new 16-acre facility will provide needed coverage in the southern part …
California workers’ compensation costs per claim in California continue to grow rapidly, increasing 15 percent from 2000 through 2001 (as of 2002) and are accelerating, according to a new study from the Cambridge, Mass.-based Workers Compensation Research Institute. California has …
The Hartford Financial Services Group, Inc. has opened its street cleaners insurance program to all independent agents doing business with The Hartford. Hartford-affiliated agents can place their clients’ business directly with the company. The Hartford’s Clean Streets Insurance Program, launched …
Workers’ compensation costs per claim in Pennsylvania continue to grow, according to a new study by the Workers Compensation Research Institute (WCRI). The study by the Cambridge, Mass-based WCRI found that costs per claim rose 8.5 percent per year on …
Mississippi Insurance Commissioner George Dale recently announced that more than $2.8 million was returned to Mississippi consumers during the past year by the Consumer Services Division of the Mississippi Department of Insurance. The money came from premium refunds and additional …
Although the Florida workers’ compensation market is still under stress, and the Florida Workers’ Compensation Joint Underwriting Association (FWCJUA) prepares to post hefty deficits, observers are confident that reform legislation passed last year will help improve the situation. “It took …
Nearly two in five privately held companies report that it is likely their directors and officers will be sued by shareholders, customers or vendors in 2004, according to a survey sponsored by the Chubb Group of Insurance Companies. Executives at …
The Texas Insurance Department’s Sixth Annual Fraud Conference will be held Jan. 29-30 in The Hobby Building, Room 100, 333 Guadalupe, Austin. Online registration for the conference is no longer available. E-mail Diane Farnsworth or call 512-475-1816 for registration information. …