Fitch Ratings has affirmed the ‘AA-‘ insurer financial strength (IFS) rating of Attorneys’ Liability Assurance Society (Bermuda) Ltd. (ALAS). The Rating Outlook is Stable. Fitch’s very strong IFS rating on ALAS reflects the company’s good competitive position and strategy in …
The Ohio Bureau of Workers’ Compensation (BWC) announced a Delaware County woman has been sentenced for a misdemeanor charge of workers’ compensation fraud. Camille Smith was sentenced to pay court costs. Additionally, Smith paid BWC $6,585.20 in restitution prior to …
Louisiana Attorney General Charles C. Foti, Jr. announced recently that Lylia Jackson, a former employee with the Louisiana Department of Insurance, pled guilty to one count of public bribery. Jackson was arrested in December 2003 for taking bribes to sell …
Safeguarding the health and safety of workers in Maine’s health care industry is the goal of an alliance signed recently by the U.S. Labor Department’s Occupational Safety and Health Administration (OSHA), the Maine Health Care Association (MHCA) and the safety …
Benefit and risk managers responsible for the more than 2.8 million call center employees in the U.S. reportedly face a great challenge: managing higher than average absence, turnover, disability, and workers’ compensation costs. That’s the spark behind the “2005 Call …
National consumer groups are criticizing a leading consulting firm’s annual study of U.S. tort system costs, claiming the report “has nothing to do with the costs of litigation, courts or the legal system.” The report under fire, “Trends and Findings …
The Property Casualty Insurers Association of America is supporting HB 3284, legislation which would repeal South Carolina’s Second Injury Fund, which, due to excessive costs, has become a hindrance to much needed economic development in the state. The Second Injury …
3,000 delegates from around the world have gathered in Kobe Japan on the 10th anniversary of the earthquake, which killed more than 6,400 people and leveled large parts of the city, to discuss how to better prepare for natural catastrophes. …
Swiss Re has released a study, entitled “Understanding reinsurance: How reinsurers create value and manage risk,” which highlights the role of reinsurance as one of the major risk and capital management tools available to insurance companies. The study explains how …
As supporters of two radically different medical malpractice initiatives present their proposals at a Monday legislative hearing, state Insurance Commissioner Mike Kreidler is touting new numbers that suggest the crisis isn’t so bad after all. “It’s clear that insurance goes …