Standard & Poor’s has affirmed its ‘BBB+’ long-term counterparty credit rating on Seattle-based SAFECO Corp. and its ‘A+’ counterparty credit and financial strength ratings on the members of the SAFECO Insurance Co. Intercompany Pool (collectively referred to as SAFECO). The …
Compensation Risk Managers announced from its Poughkeepsie headquarters that its Healthcare Industry Trust of New York (HITNY) product remains on solid financial ground and continues to provide “high quality, trust-based workers’ compensation insurance to its growing customer base of health …
A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of Sun Hung Kai Properties Insurance Limited (SHKPI) (Hong Kong). The outlook is stable. The rating reflects SHKPI’s satisfactory capitalization, strong liquidity, prudent reserving and continuous improvement in …
Standard & Poor’s has affirmed its ‘AA’ counterparty and financial strength ratings on Top Layer Reinsurance Ltd. The outlook is stable. Top Layer Re is a 50%/50% joint venture between State Farm Mutual Automobile Insurance Co. (AA/Stable/–) and Renaissance Reinsurance …
Flanked by the presidents of the Maine AFL-CIO and Maine State Chamber of Commerce, Governor John E. Baldacci on March 16 unveiled legislation to restructure the Maine Workers’ Compensation Board. The goal of the restructuring is to end the gridlock …
New Jersey Attorney General Peter Harvey announced that a Middlesex County insurance claims adjuster has been charged by the Division of Criminal Justice – Office of Insurance Fraud Prosecutor with using his position to “con” unsuspecting insurance claimants into turning …
One TPA Says It Has the Secret At first glance, Jeffrey McDaniel does not seem disabled. He is built like a football player, and in his mesh green and gold jersey he looks like one too. A pat on the …
The following statement regarding new data released by the Texas Department of Insurance on the Texas homeowners insurance market is from Donald Hanson, regional manager and counsel for the Property Casualty Insurers Association of America (PCI): Based on the insurance …
GreenWood International Insurance Services (GWI), a provider of medical stop loss, group personal accident and occupational accident insurance coverage to employers, announced the addition of JP Nerny to the firm’s executive management team, in the role of vice president – …
Tennessee’s Department of Commerce and Insurance last Friday filed civil charges against former Golden Gloves boxer Anthony Young, who is reported to have seriously injured several participants in a Toughman contest in Maryville, Tennessee last September. Before the competition, Young …