Standard & Poor’s Ratings Services has assigned its “B” senior secured debt rating to the $75 million class A, series 2007-I principal-at-risk variable-rate notes issued under the newly established shelf program, Nelson Re Ltd., sponsored by Glacier Reinsurance AG (Glacier …
A.M. Best Co. has affirmed the financial strength ratings (FSR) of “A” (Excellent) and the issuer credit ratings (ICR) of “a” of the Liberty Northwest Insurance Corporation, North Pacific Insurance Company and Oregon Automobile Insurance Company, each of which have …
As the result of the adoption of treatment guidelines for the workers’ compensation system, the Texas Department of has announced that the prospective review of medical care not requiring preauthorization (PRM) rule (28 Texas Administrative Code §134.650) is no longer …
The Louisiana State Police Insurance Fraud and Auto Theft Unit announced the recent arrests of seven individuals, including one insurance agent, on insurance fraud and theft warrants. The arrests continue as the Insurance Fraud and Auto Theft Unit focuses its …
New York Governor Eliot Spitzer, New York City Mayor Michael Bloomberg along with more than 30 mayors and town supervisors throughout the state have proclaimed June 27 as Insurance Fraud Prevention Day in support of the efforts of The New …
Someone has been submitting fictional reports of severe weather to the National Weather Service, causing unnecessary alerts and frightening people. The areas affected have included Milwaukee, La Crosse, Chicago, and Lincoln, Ill., said Tom Schwein, chief of the National Weather …
A Jones County, Mississippi jury has rejected a couple’s claim that dioxins from the DuPont Co.’s plant on the Mississippi Gulf Coast were responsible for the death of their daughter. The jury verdict came in a lawsuit filed by Kerman …
Florida police, firefighters, paramedics and other first responders would have an easier time becoming eligible for workers compensation benefits, and would get a better package of benefits under legislation Gov. Charlie Crist signed last week. The legislation passed earlier this …
Hospital lawyers have urged the Florida Supreme Court to delay implementation of a state constitutional amendment that gives patients the “right to know” about past mistakes made by doctors and medical facilities. They also asked the justices to reverse two …
A.M. Best Co. confirmed that the financial strength rating of “A-” (Excellent) and the issuer credit rating of “a-” of Cayman Islands-based Greenlight Reinsurance Ltd. will remain unchanged following the closing of its initial public offering and private sale on …