The Massachusetts Division of Insurance has responded to concerns over the lack of homeowners insurance in coastal areas in the state. The Division confirmed that the Andover Group insurers, Cambridge Mutual Fire and Merrimack Mutual Fire, will next month start …
Supporters of tort reform won a victory Tuesday as the Missouri Supreme Court blocked an attempt to move a medical malpractice case to St. Louis, which is known to be a very plaintiff-friendly jurisdiction. “Putting a stop to venue shopping …
Calif. Drivers Face Heavy Rains, Surge in Auto Accidents||As wet weather covers most of California, slick and flooded roads threaten to wreak havoc for drivers, according to IINC. Motorists having to drive in wet weather should slow down, allow more …
Standard & Poor’s Ratings Services said it affirmed its ratings on Argonaut Group Inc. and its insurance company affiliates, including its “BBB+” counterparty credit and financial strength ratings on the affiliates, and revised the outlook on all ratings to stable …
In a statement attributed to J. James Rohack, MD, chair-elect of the American Medical Association Board of Trustees, the AMA expressed its support for medical liability reform in Oklahoma. “The American Medical Association joins the patients and physicians of Oklahoma …
Florida-based FPIC Insurance Group, Inc. reported net income of $4.9 million, or $0.49 per diluted share, for the fourth quarter 2003, compared to net income of $5.0 million, or $0.53 per diluted share, for the fourth quarter 2002. Operating earnings …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) of the reinsurance subsidiaries of Inter-Ocean Holdings Ltd. (Inter-Ocean) (Bermuda). The rating applies to Inter-Ocean Reinsurance Company Ltd. (Bermuda) and Inter-Ocean Reinsurance (Ireland) Ltd. Best …
Munich Re has released its 2003 study of natural catastrophes, which concludes that “after three years of relative calm, no fewer than five great natural catastrophes(based on U.N. criteria) occurred in 2003.” Parts of the study were released last November …
An effort by the U.S. Senate to reform the nation’s medical liability system by placing reasonable caps on non-economic damages fell short earlier this week, reportedly leaving the future of reform legislation in doubt for 2004. “The Property Casualty Insurers …
Standard & Poor’s has lowered its counterparty credit and financial strength ratings on Michigan-based American Physicians Assurance Corp. (APA) to ‘BBB-‘ from ‘BBB’ and then removed the ratings from CreditWatch where they were placed on Nov. 26, 2003. The outlook …