With Memorial Day coming and many people getting ready for summer fun at the pool, the U.S. Consumer Product Safety Commission (CPSC) is reminding parents and caregivers of several key steps that will help protect children from drowning hazards in …
A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of Wing Lung Insurance Company Limited (WLI) (Hong Kong). The rating outlook is stable. The rating reflects WLI’s continuous strong operating performance, solid capitalization and improving underwriting leverage. …
Ohio Attorney General Jim Petro is reminding law enforcement officers and other governmental entities across Ohio about an upcoming deadline to file claims against Second Chance Body Armor Inc. Second Chance filed for Chapter 11 bankruptcy protection in 2004 and …
Chicago-based SPSS, a provider of predictive analytics software, has unveiled a new solution that will reportedly reduce insurance fraud, significantly improve the claims process and cut costs. SPSS’ PredictiveClaims, an application based on real-time predictive analytic technology, integrates with existing …
The House on Sunday accepted a compromise bill to change the state’s workers’ compensation laws. House members passed the new bill 25-13, with most saying it wasn’t the perfect fix to lowering workers’ comp insurance rates and employers’ costs, but …
A Grant Parish, La., insurance producer was arrested and issued a cease and desist order for allegedly misappropriating insurance funds, Louisiana Commissioner of Insurance Robert Wooley announced. The Grant Parish Sheriff’s office arrested Charles David Daniel, 51, on 20 counts …
California-based Computer Sciences Corp. announced new component software products that will reportedly improve productivity for property and casualty (P/C) and life insurance claims professionals. CSC’s Claims Accelerator for life and annuity companies and Claims Desktop for P/C insurers, which are …
The Rhode Island House of Representatives passed a bill last week that would require insurance carriers to respond to a request to settle with an uninsured driver within 60 days of the request; if the request has not been responded …
Standard & Poor’s Ratings Services announced that it has affirmed its ratings on the various operating entities of Swiss-based composite insurance group Zurich Financial Services (collectively ZFS), including its ‘A+’ long-term counterparty credit and insurer financial strength ratings and its …
Standard & Poor’s Ratings Services said in a recently published report that it has maintained its negative outlook on the Swiss insurance sector for both property/casualty and life. The report, “Swiss Insurance Market Portfolio Review,” is available on RatingsDirect, Standard …