Bellevue, Wash.-based Symetra Financial Corp. said it filed for an initial public offering of common shares. The shares will be offered by existing stockholders. The IPO expects to raise up to $750 million, according to a filing with the Securities …
A San Diego Superior Court judge has granted class-action status to a lawsuit accusing Scripps Health hospitals of overcharging uninsured patients. The suit alleges that uninsured Scripps patients pay as much as four times more than patients covered by Medicare …
As Ed Rathje sees it, his first foray into the Nevada Legislature as a citizen-activist ended in “total defeat” earlier this month when a bill he was pushing to limit the insurance industry’s use of credit histories to set rates …
A new campaign to increase the implementation of real time and download technology-based workflows and independent agency-company interface applications is gaining ground, campaign supporters say. The Real Time/Download Campaign — backed by agents and brokers, agency system carriers, technology providers, …
A.M. Best Co. has affirmed the financial strength rating (FSR) of “A+” (Superior) and issuer credit ratings (ICR) of “aa-” of the ING Canada Group. The group includes Belair Insurance Company Inc. (Montreal, Quebec), ING Insurance Company of Canada, ING …
A.M. Best Co. has assigned a financial strength rating (FSR) of “A-” (Excellent) and an issuer credit rating (ICR) of “a-” to Columbus, Ohio-based OHIC Insurance Company Best has also affirmed the FSR of “A-” (Excellent) and assigned ICRs of …
The Property Casualty Insurers Association of America (PCI) announced it has requested that Louisiana Gov. Kathleen Blanco veto SB 233, which the insurer group says would dramatically raise the state’s minimum automobile liability insurance limits and increase auto insurance premiums …
Arkansas Insurance Commissioner Julie Benafield Bowman recently announced the conviction of Elesha Martin, 35, to three counts of arson and one count of insurance fraud. On June 22, 2007, Pulaski County Circuit Judge Marion Humphrey sentenced Martin to 20 years …
A former member of the oversight commission for the Bureau of Workers’ Compensation was charged with ethics violations accusing him of accepting inappropriate meals, flights and other gifts. The charges, which allege George Forbes took the gifts from two investment …
Unhealthy habits could cost Clarian Health employees a healthy chunk of money as the company tries to rein in rising health care costs. Starting in 2009, Clarian will begin charging workers extra for insurance if they let health risks such …