Standard & Poor’s Ratings Services has issued a report noting that Japanese non-life insurance companies recently released results of for the first half of fiscal 2004, which indicate that underwriting profitability remains under pressure. S&P also noted: “While the impact …
Standard & Poor’s Ratings Services announced that it has affirmed its “BBB” insurer financial strength and counterparty credit ratings on Taiwan Fire & Marine Insurance Co. Ltd. (TFMI) with a stable outlook. “The ratings reflect the company’s niche position in …
Pre-Paid Legal Services Inc. announced that the National Chamber Litigation Center, the public policy legal arm of the United States Chamber of Commerce, and the National Black Chamber of Commerce have joined Pre-Paid in seeking attorney’s fees and expenses from …
State Compensation Insurance Fund on Monday announced it has filed with the California Department of Insurance an average rate decrease of 5 percent on new and renewal workers’ compensation policies with renewal dates on or after Jan. 1, 2005. This …
A Utah law that caps the noneconomic damages that can be awarded in medical liability lawsuits will remain in place, the Utah Supreme Court ruled in November, according to the American Medical Association. In the nearly 20 years since the …
A Windermere, Florida man has lost his licenses to sell insurance following an investigation by the Florida Department of Financial Services that alleged he took advantage of his clients for his own financial gain. Earlier this year, the department filed …
“Gift buyers should be on the lookout for recalled toys and children’s products this holiday season,” according to U.S. Consumer Product Safety Commission (CPSC) Chairman Hal Stratton. Stratton was joined by Gary Smith, MD, chairperson of the American Academy of …
Standard & Poor’s Rating Services has revised its outlook on Michigan-based American Physicians Assurance Corp. (APA) to stable from negative. At the same time, Standard & Poor’s affirmed its ‘BBB-‘ counterparty credit and financial strength ratings on APA. The revised …
A federal judge in Philadelphia recently dismissed a lawsuit filed against the U.S. Consumer Product Safety Commission by the family of a teenager who was shot with an airgun. Senior Judge Robert Kelly ruled that Jerome and Rebecca Mahoney lacked …
21st Century Holding Company announced that its subsidiary, American Vehicle Insurance Company, received approval from the Texas Department of Insurance to begin writing General Liability coverage for more than 300 classifications of business, plus “special events” coverage. The company plans …