With regard to insurance issues, the 2007 Texas legislative session was fairly uneventful, with one major bill favored by the industry going down in the waning days of the session and many “bad” bills failing to make the cut early …
The Florida Coalition for Preservation asked U.S. Senator and Republican National Committee General Chairman Mel Martinez to protect American taxpayers from being forced to subsidize irresponsible coastal over-development along America’s barrier islands. Former Congressman Tom Evans, chairman of the Florida …
The legislatively-created Florida Task Force on Citizens Property Insurance Claims Handling and Resolution will meet twice on June 19 in Fort Lauderdale. Consumers who have homeowner policies with Citizens or who have open claims from the 2004/2005 hurricane seasons are …
A divided Missouri Supreme Court ruled against the city of St. Louis on Tuesday in a fight over who should pay to clean up lead paint in homes. In a 4-3 unsigned opinion, the Supreme Court upheld a lower court’s …
An Auburn-area, Wash., man accused of drowning his 3-year-old stepdaughter to collect on a $200,000 life insurance policy pleaded innocent in King County Superior Court and remained in jail on $5 million bail. Joel Zellmer, 37, was arrested in the …
A national study says Hawaii does better than any state providing health care to its residents. A New York-based private foundation that promotes health care compared how states measured in 32 medical areas between 2002 and 2005. Iowa, New Hampshire, …
The Texas Department of Insurance Division of Workers’ Compensation announced that 14 companies with approximately 47,600 employees in Texas recently were approved to self-insure for workers’ compensation claims for a one-year period under the department’s self insurance program. Commissioner of …
A.M. Best Co. has placed the financial strength rating (FSR) of “B+” (Good) of New Jersey-based Kodiak Insurance Company under review with negative implications. However, Best indicated that the “FSR of ‘B++’ (Good) of Hermitage Insurance Group remains unchanged.” “The …
A.M. Best Co. has affirmed the financial strength rating (FSR) of “A+” (Superior) and issuer credit ratings (ICR) of “aa-” of Los Angeles-based Mercury Casualty Group and its members. Best also affirmed the FSR of “A-” (Excellent) and ICRs of …
Standard & Poor’s Ratings Services has affirmed its “A” junior subordinated long-term debt rating on the €1.5 billion ($2 billion) undated, subordinated, fixed-to-floating rate bonds issued by global reinsurer Munich Reinsurance Co. (rated ‘AA-‘ – Stable). S&P said it “characterizes …