Ward-U.S. Risk LLC, a newly formed corporation, acquired Ward North America, Spectrum Managed Care and SubroNet from Ward North America Holding Inc. Jeffrey Ward, president and CEO of Ward-U.S. Risk LLC, announced the transaction, which involved a buyout by Dallas-based …
The property/casualty affiliates of Pennsylvania-based Erie Insurance Group recently received the A+ (Superior) rating from A.M. Best Co. The affirmed rating keeps Erie Insurance Group in the highest category (Superior) for financial strength. Only 8.6 percent of approximately 3,000 property/casualty …
New Jersey Attorney General Peter Harvey announced that the Division of Criminal Justice – Office of Insurance Fraud Prosecutor has charged an Essex County woman with theft and falsifying public records for allegedly filing a false stolen vehicle insurance claim. …
The Archdiocese of Boston is suing one of its insurers, accusing the company of fraud and breach of contract for failing to cover settlement payments to victims of clergy abuse. Last September, after the archdiocese agreed to pay about $85 …
A recent ruling by the Connecticut Supreme Court has resulted in a reported reasonable solution to the issue of placing limits on financial compensation for emotional distress. The Court determined that when a bystander’s emotional distress is the result of …
Berkshire Hathaway Inc. reported that fourth-quarter earnings more than doubled, partly due to the company’s $1.7 billion pre-tax underwriting profit from insurance operations, because “that’s where the money is at” commented Chairman of the Board Warren Buffett in his famous …
Arkansas State Insurance Commissioner Mike Pickens announced that agreements have been reached regarding the payment of outstanding claims that Arkansas insureds had thought could remain unpaid by TRG. Agreements have been reached regarding enrollees in the health plan of TRG …
The Texas Automobile Insurance Plan Association (TAIPA) announced the election of officers for 2004-2005. The Governing Committee elected Jon Smanz, director, shared markets governance for Allstate insurance Company in Northbrook, Ill. as the Association’s chairman. Smanz has been with Allstate …
LIG Educational & Consulting Services, a sister company of LIG Marine Managers, is providing two hands-on training seminars in Ft. Lauderdale and Sarasota, Florida this spring. For more information on the seminars and to register, log onto www.ligecs.com, select “LIG …
Alabama-based ProAssurance Corporation and OHIC Insurance Company announced that ProAssurance will purchase the renewal rights to all of OHIC’s physician, hospital and healthcare facility business in Indiana, Illinois, Kansas, Kentucky and Wisconsin. OHIC’s policyholders in Ohio are not affected by …