A.M. Best Co. has affirmed the financial strength rating (FSR) of “A-” (Excellent) and assigned issuer credit ratings (ICR) of “a-” to Employers Insurance Group and its two pooled property/casualty operating members, Employers Insurance Company of Nevada and Employers Compensation …
Standard & Poor’s Ratings Services has assigned senior secured debt ratings to five classes of variable rate notes issued by Residential Reinsurance 2007 Ltd. (Res Re 2007) as follows: — $145 million Class 1 Series 2007-1 variable-rate notes due June …
The Alabama Legislature adjourned yesterday after giving final approval to a key insurance measure that will increase the state’s auto liability minimum limits from 20/40/10 to 25/50/25. Legislators deferred to the 2008 session final action on a bill establishing a …
Raleigh, N.C.-based TriSure Corp. named John Cramer, a partner and co-founder, the firm’s new chief executive officer. The move stems from TriSure’s need to implement a management structure that positions it for future growth, according to a company news release …
Exponential growth of state-run property insurers of last resort ultimately may shift much of the long-term risk of hurricane-related losses to policyholders and taxpayers, even those who live nowhere near the coast, reports the private insurance industry’s Insurance Information Institute. …
A former Shreveport, La., insurance agent has been arrested, issued a cease and desist order and served with a $10,000 fine notice for alleged felony theft and filing false public documents, the Louisiana Department of Insurance announced. Kristin Lakvold Childers, …
Two people are accused of intentionally crashing the tractor portion of a tractor-trailer rig as part of an insurance scam in Louisiana. The Louisiana State Police Insurance Fraud and Auto Theft Unit arrested Christopher Bonier, 31, of Chestnut and Liza …
A U.S. appeals court judge promised a swift ruling in a case pitting New Orleans homeowners against insurance companies for their refusal to cover damage from the failure of levees in Hurricane Katrina’s aftermath in 2005. Rulings by the 5th …
The New York State Senate has passed legislation its backers promise will strengthen New York’s navigation laws to improve public boating safety. The measure, (S.4242), sponsored by Senator Betty Little (R,C,I-Queensbury), is part of the response to the Ethan Allen …
Business associations and groups representing New York’s agriculture sector and construction industry have again urged Governor Eliot Spitzer and state legislators to reform New York’s so-called “scaffold law.” The scaffold law — also known as sections 240/241 of the Labor …