May 30 through June 3 has been dedicated as Hurricane Awareness Week in Mississippi by the Mississippi Emergency Management Association. High wind speeds, tidal surge and tornadoes associated with hurricanes always grab attention. But in the last 30 years, more …
Standard & Poor’s Ratings Services announced that it has revised its outlook to positive from negative on Norwegian marine insurer Bluewater Insurance ASA, based on an improved view of the company’s competitive position in the global marine hull insurance market. …
The U.K.’s Chartered Insurance Institute (CII) announced that members of the Faculty of Claims are to be given the opportunity to distinguish their professionalism by enhancing their membership designation. “Holders of the CII’s Diploma in Insurance who have passed the …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) and has assigned an issuer credit rating (ICR) of “a+” to South Africa’s Old Mutual Life Assurance Company (OMLAC [SA]). At the same time, Best …
The California Department of Insurance Investigations Division announced that insurance broker Sajjad Hussain Shaikh, 36, also known as Adam Shaikh, of Reseda, California has pled guilty to one count of forgery. Shaikh was sentenced to three years of Summary Probation …
As state lawmakers prepared to approve a deal on medical malpractice, Illinois doctors and hospitals celebrated a big victory Thursday but also braced for the sour medicine they will likely have to swallow to get their insurance costs to fall. …
The Houston office of international insurance broker Jardine Lloyd Thompson LLC announced that it has created a new division to meet the needs of U.S.-domiciled clients engaged in business in the world’s emerging markets. JLT LLC has appointed John M. …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) and issuer credit ratings (ICR) of “a” of the reinsurance subsidiaries of Bermuda-based Platinum Underwriters Holdings, Ltd. Best also assigned a debt rating of “bbb” …
Attorney General Tom Reilly recently announced a settlement in the workers’ compensation rate setting proceeding that will result in a three percent reduction in workers’ compensation rates in Massachusetts. The industry had initially requested a one percent increase. It is …
The American Insurance Association (AIA) is praising Maryland Gov. Robert Ehrlich (R) for signing a host of bills designed to increase teen driver safety. The bills include HB 393, which bars novice teen drivers from carrying teenage passengers who are …