A.M. Best Co. announced that it has downgraded the financial strength rating to “A-” (Excellent) from “A” (Excellent) of Allianz Insurance Company of Canada and the financial strength rating to “B+” (Very Good) from “A” (Excellent) of its affiliated company, …
A new report released by the U.K.’s Chartered Insurance Institute indicates that losses from flood risks are increasing in the country in terms of hazard, exposure and vulnerability. “Flooding risks present a major challenge to insurers. It is important they …
AMCOMP’s Donald T. DeCarlo “Legends” Award was presented recently to three industry leaders at its Annual Meeting in Las Vegas. The Workers Comp Certified Professional (WCCP) award is presented annually to individuals who have distinguished themselves by their contributions to …
buySAFE, Inc. (www.buysafe.com), which offers protection from online auction risks through the buySAFE with The Hartford program, announced the addition of two new members to its executive team. James Mercier assumes the position of vice president, Legal and Claims and …
Integrated DisAbility Resources, Inc. (IDR) has introduced its new Health & Productivity product that lets individuals access a variety of services without filing a disability claim. The new product, which represents a change in how group disability services are provided, …
Arkansas Insurance Commissioner Mike Pickens issued a recommendation to all licensed property/casualty insurance companies, the National Association of Insurance Commissioners, trade associations and other interested parties concerning an innovative tool to collect past due child support. Pickens said the tool …
Oklahoma Insurance Commissioner Carroll Fisher announced he has issued an order preventing an unlicensed Georgia firm from selling workers’ compensation insurance in Oklahoma. Fisher’s order targets Atlanta-based Exceptional Personnel Inc., which also does business as EPI. The company sold a …
After deliberating whether it would hurt already injured patients and not lower health care costs, opponents of a measure that would limit damages in malpractice suits failed to strip the controversial provision from a House health care cost containment bill …
Office of Financial and Insurance Services (OFIS) Commissioner Linda A. Watters said that four insurance companies that failed to submit information requested through a home insurance data call by the deadline, Feb. 17, 2004, now face compliance penalties that could …
A.M. Best Co. announced that it has affirmed the majority of the financial strength ratings and a senior debt rating of Pittsburgh-based Highmark Inc.; however, Best said it had revised the rating outlooks to negative from stable. “These rating actions …