A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) of ACE Insurance Limited (ACEAU) (Australia) with a stable outlook. “The rating reflects ACEAU’s strong profitability, improved underwriting performance and prudent capitalization,” Best said. “The …
St. Paul Travelers announced the debut of a new Web site housing more than 1,400 risk management resources for customers, agents and brokers. Resources are said to include the latest research reports and news on safety topics and trends, detailed …
California Insurance Commissioner John Garamendi has called for a 2.2 percent reduction in workers’ compensation pure premium rates. This represents the commissioner’s third recommended reduction in a row and results in a 22.6% cumulative decrease in the pure premium rate …
To help educate parents and caregivers in child passenger safety, AAA Minnesota/Iowa has begun a speakers bureau program of child passenger safety experts to speak at parent, church or community meetings across both states. “We are committed to doing all …
Florida Attorney General Charlie Crist this week announced the arrest of a Hollywood optometrist on charges that he falsified claims to the Florida Medicaid program. Lorry Rubensteen, 48, of Hollywood, was charged with one count of grand theft, a third-degree …
Commissioner of Insurance Robert Wooley announced that the Louisiana Department of Insurance’s final estimate of Hurricane Ivan damage in Louisiana is $7,868,750.00. That figure is based on a reported 3,760 claims paid following a survey of the major insurance carriers …
Texas Mutual Insurance Company announced it has enhanced its online safety tools. The company’s policyholders can visit the new Safety Resource Center at www.texasmutual.com to: · Order and download training material from a multi-media safety resource library; · Track the …
Injured California workers’ advocates charged on Wednesday that the Schwarzenegger Administration’s proposed new permanent partial disability compensation schedule “severely reduces permanent disability benefits to injured workers.” California Applicants’ Attorneys Association President David Schwartz said that the Administration has “refused to …
It may be sunny outside, but water continues to cause nearly a half-billion dollars of insured damage inside California homes each year. A continuing study by the Insurance Information Network of California (IINC) found that while the number of household …
A Massachusetts personal care assistant has been arraigned on charges she allegedly overbilled the state Medicaid program nearly $8,000 for care services for the elderly and disabled that she never rendered, Attorney General Tom Reilly announced. Lanisha Daniels, 29, of …