The Oklahoma Insurance Department announced it has ordered three medical discount companies to cease doing business in the state. Department officials alleged that the companies sold cards that purported to provide discount medical services but that doctors, hospitals and other …
In December the Florida Legislature will consider changing the state’s multiple-deductible rule during future hurricane seasons. The legislature is considering eliminating multiple deductibles for future hurricane seasons and at the same time might considering providing financial assistance to homeowners who …
Jean-Paul Votron, who became the new CEO of Belgian-Dutch financial giant Fortis at the beginning of October, has inherited a very successful company from his predecessor Anton van Rossum. Fortis posted a 79 percent increase in net operating profits to …
Standard & Poor’s Ratings Services announced that it has affirmed its “A-” counterparty credit and insurer financial strength ratings on The Standard Steamship Owners’ P&I Association (London) Ltd. (SL or the club) with a stable outlook. “The ratings on The …
In a separate bulletin Standard & Poor’s Ratings Services announced that it has affirmed its “A” counterparty credit and insurer financial strength ratings on The Standard Steamship Owners’ P&I Association (Bermuda) Ltd. (SB or the club). (See also previous article). …
A whistle-blower complaint has accused the Connecticut Department of Insurance of failing to adequately investigate and sanction bondsmen who illegally provide discounted bail bonds. State auditor Kevin P. Johnston said he has nearly completed his review, The Hartford Courant reported. …
All too often, when floods or other natural disasters hit homes and businesses, important records or precious memories are lost forever. “The most important possessions people lose in a flood usually are vital records and photographic memories,” said State Coordinating …
For many Americans, Thanksgiving marked the official start of the holiday season, which means more cooking, entertaining, and decorating. It also marks the time of year when many fires are started as a result of careless decorating. While candles, tinsel, …
Terrell Harris, United States Attorney for the Western District of Tennessee and James Cavanaugh, Special Agent in Charge of the Nashville Field Division of the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) announced that on Nov. 22, 2004, John …
A report from Standard & Poor’s Ratings Services indicates that its ratings on Europe’s insurers have continued to stabilize during 2004. “Only five out of the 20 groups covered in this report continue with a negative outlook, compared with just …