A DeSoto, Texas-based construction company’s alleged repeated failures to properly erect scaffold equipment and follow safety standards at a Houston, Texas, construction site has resulted in proposed penalties totaling $128,000 from the U.S. Department of Labor’s Occupational Safety and Health …
National Union Fire Insurance Company of Pittsburgh, Pa., a member company of American International Group Inc. (AIG), announced the launch of PrivateRisk Protector, a new management and professional liability portfolio of coverages designed to address the broad spectrum of exposures …
Merastar Insurance Company, a specialist in employer-sponsored personal automobile and homeowners’ insurance, and First Notice Systems’ Inc., a provider in claim-reporting solutions for the insurance industry, announced that Merastar has implemented First Notice Systems’ Inc as its 24X7 claim reporting …
Neither of the two medical malpractice reform initiatives presented to the Legislature this year stands much chance of passing. “Very unlikely,” said Sen. Karen Keiser, D-Des Moines, chairwoman of the Senate Health Care Committee, which conducted a hearing Jan. 17 …
Safeco recently praised Washington state and local drivers for leading the way in safety belt use. A national study released recently by the Insurance Institute for Highway Safety (IIHS) found that stronger safety belt laws are saving lives in 21 …
Total property losses from the four major hurricanes that struck Florida in 2004 now top $21.6 billion according to data presented to members of a Select Joint Committee on Hurricane Insurance. The latest estimate, provided by the Office of Insurance …
The American Insurance Association (AIA) on Tuesday commended the Insurance Institute for Highway Safety’s (IIHS) new study titled “Effect on Fatality Risk of Changing from Secondary to Primary Seat Belt Enforcement,” calling it a “must read” for public policymakers. Each …
Standard & Poor’s Ratings Services announced that it has affirmed its “AA+” long-term counterparty credit and insurer financial strength ratings on Guernsey-based Jupiter Insurance Ltd., the wholly owned captive insurer of U.K.-based oil major BP PLC (also rated ‘AA+’/Stable/A-1+) with …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) of Cayman Islands-based Island Heritage Insurance Company Ltd., has removed the rating from under review and assigned it a stable outlook. “This rating action follows …
Copart Inc. has acquired a 16-acre salvage facility in Strongsville, Ohio. The addition of the Strongsville facility will reportedly complement Copart’s existing presence in the Cleveland area, currently serviced by a 22-acre site in Northfield, Ohio, and will bring Copart’s …