North Dakota’s Workforce Safety & Insurance (WSI) Board of Directors has voted to adopt a 5 percent discount in calculating the WSI reserve fund. The Board also recommended that $250 million be held for unexpected developments in the future. The …
Standard & Poor’s Ratings Services has affirmed its ‘BBB-‘ counterparty credit rating on CNA Financial Corp. (NYSE:CNA) and its ‘A-‘ counterparty credit and financial strength ratings on CNA’s insurance affiliates (except for Continental Assurance Co., which is rated ‘BBB+’). The …
New Hampshire Attorney General Kelly Ayotte announced that Stanley A Gorgol, D.P.M. Inc., a podiatry practice with offices in Salem and Derry, N.H., pleaded guilty recently in Merrimack County Superior Court to the crime of Medicaid fraud. The company’s president, …
Thirty-two state and local officials responsible for administering local floodplain management programs graduated this week from a floodplain-management training course sponsored by the Georgia Floodplain Management Office in coordination with Region IV of the Federal Emergency Management Agency (FEMA). The …
Georgia residents of the 18 counties designated under the Sept. 18, 2004, disaster declaration resulting from Hurricane Ivan have received more than $3.4 million in assistance. On the last day to apply for help, Wednesday, Nov. 17, the Federal Emergency …
The Texas Workers’ Compensation Commission announced it has named Robert L. “Bob” Shipe as executive director of the Commission. “The Commissioners and I are pleased with the agency’s direction and wanted to show our support of Bob’s leadership,” said Mike …
A special report released by A.M. Best Co. cites “vastly improved operating earnings” recorded in 2003 and a considerable boost from unrealized capital gains, as fueling a 21.8 percent increase in the U.S. property/casualty industry’s overall surplus. Best said: “These …
ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, announced that it is enhancing its Defense Base Act (DBA) product offerings to create a responsive, comprehensive approach for small to mid-sized contractors bidding on work in …
A.M. Best Co. announced that it has affirmed its Syndicate Rating of “A” (Excellent) and the issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 510, which is managed by the U.K.-based R J Kiln & Co Ltd., with a …
The head of a Maryland Senate committee developing legislation to deal with rising medical malpractice premiums said the panel should finalize its proposal at its next meeting in two weeks, and doesn’t think a special legislative session can be held …