Toronto-based Kingsway Financial Services Inc. has entered into a program management agreement with The Robert Plan Corporation (‘RPC’). RPC provides underwriting and claims administration services to insurance companies in the United States who seek to transfer their assigned risk obligations …
A.M. Best Co. has assigned a financial strength rating of B++ (Very Good) and an issuer credit rating of “bbb” to Wurttembergische und Badische Versicherungs-AG (WUBA) (Germany). The outlook for both ratings is stable. The rating of WUBA reflects its …
The National Association of Mutual Insurance Companies (NAMIC) has announced it is concerned about Oregon’s Construction Claims Task Force (CCTF) decision to designate a “single private insurer” to provide liability insurance coverage for the construction industry. “A competitive commercial liability …
The Insurance Council of Texas and the Mesquite (Texas) Police Department have joined together in a crime prevention program aimed at reducing automobile burglaries. The program involves the creation and implementation of signs that read, “LOCK your door, TAKE your …
Jackson-based Mississippi Farm Bureau Mutual Insurance has announced that the strain of paying $450 million in claims after Hurricane Katrina has caused the company to cease writing policies in the state and transfer current policies to the Southern Farm Bureau …
The Property Casualty Insurers Association of America (PCI) announced it is urging Louisiana Gov. Kathleen Blanco to sign SB 44, legislation that would create a mandatory and uniform statewide building code. The bill is on its way to the governor …
Home and car owners in Louisiana have filed 1,309 complaints against their insurance companies since hurricanes Katrina and Rita, and few have been resolved, according to the state Department of Insurance. The Associated Press and the Baton Rouge Advocate reported …
An Oklahoma County judge has set a Dec. 19 hearing to decide whether former Insurance Commissioner Carroll Fisher’s pending trial should be moved out of the county, the Associated Press reported. District Judge Susan Caswell agreed to consider a change …
The choice of medical care providers to treat injured workers by either workers or their employer not only impacts medical costs but also a variety of outcomes for injured workers, according to a new study by the Workers Compensation Research …
As part of the Hurricane Katrina recovery process many Alabamians are reportedly taking steps to repair or rebuild their homes and businesses. It is possible, by using proven mitigation techniques, to protect against flooding and wind damage if a disaster …