Taking another step to ensure all Ohio employers pay their premiums, the Ohio Bureau of Workers’ Compensation (BWC) has recently completed a targeted sweep of 331 Cincinnati employers. BWC identified Cincinnati ZIP codes that reportedly had a high potential of …
A.M. Best Co. has affirmed the B+ (Very Good) financial strength rating of Tugu Insurance Company Limited (Hong Kong, China). The rating outlook is stable. The rating reflects the company’s prudent capitalization, diversified underwriting portfolio, strong liquidity and conservative investment …
Bradley Wilson, president of Florida-based North American Liability Group, announced that Harry MacGregor, CEO of Baird Macgregor Insurance Brokers Inc., has agreed to join the Board of Directors. MacGregor has extensive experience in implementing and managing infrastructure to manage self-insured …
Illinois-based Nicor Inc. announced that its board of directors has approved an agreement to settle the securities class action litigation that has been pending in federal court in Chicago against the company and certain of its officers since the summer …
Mississippi-based First M&F Corp.’s net income for the quarter ended March 31, 2004 was $2,600,914, or $.57 basic and diluted earnings per share, compared to $2,653,589, or $.57 basic and diluted earnings per share for the first quarter of 2003. …
The Texas Department of Insurance recently posted a letter to Texas physicians from Insurance Commissioner José Montemayor, responding to the decision by General Electric Medical Protective to move its medical malpractice business to its risk purchasing group. GE Medical Protective …
The Texas Department of Insurance (TDI) reported that it recently imposed a $250,000 fine against a Houston insurance agency that marketed and sold workers’ compensation insurance policies in violation of state insurance rules. The disciplinary action was filed against Brown …
Legislation that reportedly could have significantly increased automobile insurance premiums by forcing consumers to buy $35,000 in medical payments coverage was defeated in the Colorado House. “This legislation (HB 1287) could have cost consumers, on average, an extra $200 a …
ACE US International, a unit of ACE USA-the U.S.-based retail operating division of The ACE Group of Companies- is offering coverage for Defense Base Act (DBA) workers’ compensation exposures for prime contractors and subcontractors performing public works contracts overseas which …
Maricopa County Superior Court ruled this week that the Arizona Legislature violated the State Constitution last Spring when it passed a bill (HR 2002) requiring SCF of Arizona to transfer $50 million to the General Fund. In granting SCF’s motion …