The reorganization plan filed by W.R. Grace & Co. in its Chapter 11 bankruptcy case includes a proposal to establish a trust to handle a variety of asbestos claims against the chemical manufacturer. The reorganization plan, filed in U.S. Bankruptcy …
A hospital industry backed study indicates that Maryland’s medical liability environment that is costing medical professionals more and more could end up costing as many as 3,000 jobs by 2005. “The effects of this crisis are no longer limited to …
Zurich Financial Services reported a 35 percent increase in its net income for the first nine months of 2004 to $1.902 billion, compared to $1.41 billion in the same period of 2003, despite the impact of the Florida hurricanes. Other …
A.M. Best Co. announced that it has assigned a debt rating of “bbb” to AXIS Capital Holdings Limited’s recently issued $500 million 5.75 percent senior unsecured notes, due 2014. It also assigned an issuer credit rating of “bbb” to AXIS …
Standard & Poor’s Ratings Services has affirmed its ‘A’ counterparty credit and financial strength ratings on Liberty Mutual Insurance Co. and related entities (see ratings list). At the same time, Standard & Poor’s affirmed its ‘BBB’ counterparty credit rating on …
The head of the U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) announced Tuesday that federal disaster funds have been made available for Alaska to help state and local governments recover from the effects of a recent severe …
The Chubb Group of Insurance Companies has created a guide to help homeowners protect their families, home and possessions from wildfires. In addition to providing tips about home construction, home maintenance and landscaping, the guide suggests actions to take as …
New York officials are hailing the arrest of 24 individuals alleged to have been involved in an auto insurance fraud operation they say has ties to organized crime. New York City Police Commissioner Raymond W. Kelly, Kings County District Attorney …
Dr. Rene Lasanta is reportedly the first health care professional in Texas to implement a comprehensive new evaluation and treatment system that will aid in lowering workers’ compensation claims and associated costs in Texas. The D.R. Program, also known as …
Sedgwick Claims Management Services Inc. (Sedgwick CMS) has established a new medical provider network to optimize the economic benefits available to California employers through the medical control provisions of SB899, the state’s recently approved workers’ compensation reform legislation. Beginning Jan. …