Bermuda-based PartnerRe Ltd. announced that claims relating to its net exposure to an explosion at Algeria’s largest LNG (liquefied natural gas) plant earlier this week are expected to approximate $27-30 million. The explosion killed at least 27 and injured more …
Gov. Phil Bredesen’s call to action to reform the Tennessee workers’ compensation system this year is welcomed news, a representative of the National Association of Mutual Insurance Companies said Thursday. In a speech to the Tennessee Industrial Development Council, the …
Risk Management Solutions (RMS), a provider of products and services for the management of catastrophe risk, affirmed that its products can assist insurers in responding to the newly issued Supplemental Rating Questionnaire (SRQ) for terrorism risk issued by rating agency …
Woodland Hills, Calif.-based Medical Diagnostic Associates, A Medical Corporation (MDIA), a leading national provider of Network Diagnostic Services, the expansion of its unique, high-quality Second Opinion program, designed to significantly reduce workers’ Ccmpensation costs. With MDIA’s Second Opinion service, expert …
Fitch Ratings has affirmed the ‘A’ long-term issuer and senior debt ratings of Citizens Property Insurance Corporation (Citizens). This includes the ‘A’ rating assigned to the high-risk account senior secured pre-event note issue (Series 1997A). Fitch has also affirmed the …
The Sport Utility Vehicle Owners of America (SUVOA) announced the appointment of Barry McCahill as president of the consumer organization committed to providing choice in the motor vehicle marketplace, and fair and balanced information about safety and other performance characteristics …
Fitch Ratings has assigned an insurer financial strength rating of ‘A-‘ to Ohio Casualty Group’s intercompany pool members. In addition, Fitch has affirmed the ‘BBB-‘ senior debt rating and ‘BBB-‘ long-term issuer rating of Ohio Casualty Corporation. The Rating Outlook …
Michigan-based American Physicians Capital, Inc. announced that it is continuing with its plan to exit the workers’ compensation business. The company has determined that non-renewing its workers’ compensation policies is the most effective way to exit the business. As a …
New Jersey Attorney General Peter Harvey announced that the Division of Criminal Justice – Office of Insurance Fraud Prosecutor has charged two Middlesex County residents with filing false insurance or “jump-in” claims in order to collect thousands of dollars in …
The American Medical Association called for medical liability reform to stem the tide of Maryland’s growing medical liability crisis at a rally held in front of the State Capitol in Annapolis yesterday. Joining leaders from MedChi, Maryland’s state medical society, …