Jose Ruiz has been appointed claims/rehabilitation’s operations and systems manager for California’s State Compensation Insurance Fund. Ruiz started his State Fund career as a claims adjuster in the organization’s Los Angeles District Office in 1992. In 1997, he relocated to …
A program created by Wisconsin lawmakers in 1999 to reduce health care costs for small businesses was never implemented after running up nearly $500,000 in spending, according to an audit released last week. The Private Employer Health Care Coverage Program …
Standard & Poor’s Ratings Services acknowledged that it has received a copy of an extension notice from the administrator for KAMP RE 2005 Ltd. “As permitted under the transaction documents, Swiss Reinsurance America Corp. will extend the maturity of KAMP …
A.M. Best Co. announced several actions affecting the ratings of the Bermuda-based White Mountains Insurance Group, Ltd., affirming the financial strength ratings (FSR) and issuer credit ratings (ICR) of selected subsidiaries, including the FSRs of ‘A’ (Excellent) and the ICRs …
XL Insurance, the global insurance operation of XL Capital Ltd., announced from its London office that it has entered into an agreement with Swiss Re to purchase Global Asset Protection Services LLC (GAPS), a loss prevention consulting service provider. XL …
According to a survey from Willis’ London office, “premium levels for Environmental Liability Insurance have shown signs of stabilizing in the third quarter, but the good news for buyers is that coverage has been significantly enhanced and expanded, resulting in …
Standard & Poor’s Ratings Services reacted to Swiss Re’s announcement that it was writing down CHF1.2 billion ($1 billion) (See IJ web site Nov. 19) with a show of support. S&P said its counterparty credit and insurer financial strength ratings …
A.M. Best Co. has published a request for comments from market participants in the insurance industry and other interested parties on a draft of its methodology, “Takaful (Shari’a Compliant) Insurance Companies.” The draft document is currently available for down load …
The Federal Emergency Management Agency’s draft flood plain maps for Las Cruces, N.M., contain significant errors that could force some homeowners to pay more in insurance, officials said. Public concern over the accuracy of the maps prompted FEMA to suspend …
City municipalities across North America are often wary of building skateboard parks for fear of liability. However, as Attorney David Amell states in his doctrine, “Assumption of Risk,” starting in the early 1990s, courts throughout the country established common law …