Kathie Stepp is Oklahoma’s new assistant insurance commissioner, the Associated Press reported. Stepp previously served as director of the state insurance department’s Property and Casualty Division. She will receive a pay raise as part of the promotion by state Insurance …
Louisiana Workers’ Compensation Corporation (LWCC) announced it has launched a new corporate Web site, www.lwcc.com. The site features dedicated sections for employers, insurance agents and injured workers to obtain important information to manage their workers’ compensation needs. The employers’ section …
Britain’s legal definition of terrorism may be too broad and may have to be refined, according to a lawyer who is advising the government. Lord Carlile, a senior barrister, has been appointed by the Home Office to review the legal …
Standard & Poor’s Ratings Services has raised its counterparty credit and insurer financial strength ratings on Ming An Insurance Co. (Hong Kong) Ltd. to “BBB” from “BB+” after the company was paid a long outstanding reinsurance debt of HK$886 million …
Standard & Poor’s Ratings Services has affirmed its “A” long-term counterparty credit and insurer financial strength ratings on Norway’s marine insurer Norwegian Hull Club (NHC or the club) with a stable outlook. “The ratings reflect the club’s very strong capitalization, …
A new report from Standard & Poor’s Ratings Services – “Non-Life Insurance Industry Risk Analysis: Denmark {Kingdom of}” – concludes that economic and industry risk are moderately low in the Danish non-life insurance market. “Sustained earnings growth and improved capitalization …
Recommendations about the expansion of windborne debris regions in Florida’s Panhandle and requirements for storm shutters and missile-resistant glass will be discussed July 11 during a special Florida Building Commission hearing in Hollywood, Fla. The commission will consider how to …
The West Virginia Insurance Commission is cracking down on the estimated 2,000 employers in the state that do not have workers’ compensation insurance, which is required by law. When an employee of an uninsured employer gets injured, he or she …
Insurance adjusters can barely begin to estimate the damage to The Menninger clock tower, a Topeka landmark for more than seven decades. Already declared unsafe, investigators continue to try to find the vandals who caused extensive damage to the historic …
While storms such as Hurricane Katrina grab the headlines, a string of smaller storms over the past few years has been taking a toll on insurance companies, industry officials said. Storm claim losses have been running significantly ahead of projections …