A.M. Best Co. announced that it has downgraded the financial strength rating to “B+” (Very Good) from “B++” (Very Good) and the issuer credit ratings (ICR) to “bbb-” from “bbb” for the reinsurance subsidiaries of the Bermuda-based PXRE Group Ltd. …
They’re throwing Mardi Gras beads again, so many strands, they’re landing in tree branches and getting snagged on the trellised balconies of the French Quarter. They’re adorning the arms of Spanish statues. Tourists are wearing them, but these days so …
New Hampshire towns damaged by last October’s floods would have their disaster relief expenses capped at $5,000 under a bill approved by the House last week. The bill would allocate $2.9 million to pay the state’s portion of a federal …
Worried about stricter regulations, the chromium industry withheld key data from the government involving the health risks of workers exposed to the carcinogenic metal, according to a study released Feb. 23. The paper by George Washington University and the group …
Regulators in three states are investigating whether companies in London and Miami sold a fraudulent insurance policy to the owner of a tour boat that capsized on a New York lake and killed 20 elderly tourists, a Detroit newspaper reported. …
As Mississippi taxpayers who suffered disaster-related losses due to Hurricanes Katrina or Rita begin to prepare their 2005 tax returns, the IRS has announced an extension until Oct. 16, 2006 to claim those losses on their prior year’s federal income …
District Attorney Gregory Totten reported that the Ventura County (Calif.) District Attorney’s Office will implement a new Uninsured Employer Compliance Program on March 20, 2006, to ensure employers in Ventura County have obtained workers’ compensation insurance or have provided benefits …
Homeowners, renters and business owners in Mississippi’s 49 disaster-designated counties who sustained damage due to Hurricane Katrina have just two weeks remaining to apply for disaster assistance through the U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA). March …
Farmers Insurance Exchange has begun serving civil summons and complaints upon Redding, California auto glass company Onsight Auto Glass and its owner, accusing them of taking part in a scheme designed to defraud Farmers and its policyholders. The civil complaint …
CoreSource Inc., a third-party employee benefit administrator, has acquired St. Clair Shores, Mich.-based third-party administrator NGS American Inc. NGS American provides medical, dental and disability benefit administration, as well as COBRA administration, eligibility management services and flexible spending account administration. …