Oklahoma Gov. Brad Henry’s workers’ compensation reform bill passed the Senate Judiciary Committee on a 5 to 4 vote, according to the Senate Communications Office. The vote split upon party lines with Republican members voting against the bill. The GOP …
The Oklahoma House of Representatives Media Services Division reported a bill that would allow law enforcement officials to instantly determine if a car is insured has cleared the House by a vote of 74-26. House Bill 1351, by Rep. John …
New York State’s highest court has ruled that employers that fail to purchase workers compensation coverage cannot hide behind the workers’ compensation protection against being sued by employees. In reversing a lower court ruling, the New York Court of Appeals …
Standard & Poor’s Ratings Services announced that it has revised its outlook on Montpelier Reinsurance Ltd. and Montpelier Re Holdings Ltd. (MRH) to positive from stable. “The outlook was revised to reflect our increased confidence level that Montpelier has made …
RenaissanceRe Holdings Ltd., Bermuda’s premier property reinsurer, announced fourth quarter and full-year earnings that fully reflect both the strong market – net premiums written increased to $1.349 billion from $1.154 billion in 2003 – and the impact of the Florida …
The U.S. Labor Department’s Occupational Safety and Health Administration (OSHA) has recognized Welco Lumber Co. Naples Division, Naples, Idaho, for continued excellence in worker health and safety. A ceremony at the plant Feb. 24 was slated to recognize the facility …
A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of LG Insurance Company Ltd. (LG Insurance) (South Korea). The rating outlook is stable. The rating reflects LG Insurance’s excellent market profile, flexible liability structure and the short-tailed …
Ohio-based ProCentury Corp., a specialty property and casualty insurance holding company, announced financial results for the three months and the year ended Dec. 31, 2004. Highlights include the following: — Net income from continuing operations of $13.7 million for full …
Hilb Rogal & Hobbs Company reported total revenues for the fourth quarter of 2004 were $159.9 million, compared with $142.7 million a year ago, representing a 12 percent increase. However, net income declined 21 percent for the quarter to $15.3 …
Chicago-based Hub International Limited posted a 64 percent decline in net earnings to $3.9 million from $10.7 million a year earlier, despite a 33 percent increase in revenue to $104.4 million from $78.7 million and a 1 percent organic growth …