California Insurance Commissioner John Garamendi has recommended a 16.4 percent decrease in the workers’ compensation pure premium rate. The decrease would be applicable to new and renewal policies as of the first anniversary rating date of a risk on or …
Insurance brokers and agents could be required to verify odometer readings for new and renewal automobile insurance policies under amendments the California Department of Insurance (CDI) has proposed to its personal automobile rating factor regulations. CDI has proposed amending Section …
Recognizing the June 1 start of hurricane season, the Texas Department of Insurance issued a reminder to homeowners and renters in Texas to conduct a home inventory of their personal possessions. “After a devastating event like a hurricane, people often …
In a lawsuit filed on May 23, Civil Action No. 06-2777, in the United States District Court for the Eastern District of Louisiana, Building Concepts & Designs Construction Inc. (BCD) as assignee and attorney in fact for Touro Infirmary and …
Fairfield County, the gold coast of Connecticut, brings to mind wealth and influence. It also has the dubious distinction of being home to more heavy truck accidents along Interstate 95 than any other part of the state, according to an …
Rhode Island Gov. Don Carcieri has approved the state’s first hurricane plan in time for the June 1 start of the hurricane season. Under the plan, the state and other agencies will start emergency preparations 72 hours before a hurricane …
Training sessions on defensive driving, powered industrial trucks, a 30 hour Occupational Health and Safety Administration course and behavioral-based safety courses will be presented, beginning June 7, and throughout the summer by BrickStreet in South Charleston and Morgantown, W. Va. …
As anticipated, A.M. Best Co. has issued a statement concerning its ratings on Bermuda-based Quanta Capital Holdings Ltd. and its subsidiaries, following the Company’s announcement that the major portion of its business would go into run-off (See IJ Website May …
Japan’s non-life insurers posted largely improved profits in fiscal 2005, bouncing back from the previous year’s uncommonly harsh string of natural disasters, according to a report published today by Standard & Poor’s Ratings Services. “While devastating in the U.S., Hurricane …
Standard & Poor’s Ratings Services has affirmed its “A” insurer financial strength and counterparty credit ratings on Taiwan’s Mingtai Fire & Marine Insurance Co. Ltd. with a stable outlook. “The ratings on Mingtai Insurance reflect the company’s good market position, …