ProCentury Corporation, a specialty property and casualty insurance holding company based in Columbus, Ohio, announced that James P. Flood was elected senior vice president of Operations for the Century Insurance Group, which includes Century Surety Company and ProCentury Insurance Company. …
In disciplinary actions taken by Texas Commissioner of Workers’ Compensation Albert Betts in October and November 2007, the Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) assessed administrative penalties totaling $77,800 for violations of the Texas Workers’ Compensation Act. …
A.M. Best Co. has revised the outlook to negative from stable on the financial strength rating (FSR) of ‘A+’ (Superior) and the issuer credit ratings (ICR) of “aa-“of Bermuda’s XL Capital Group and its members. Best also revised the outlook …
The Bermuda-based Max Capital Group Ltd. announced a $50 million increase in its share repurchase authorization, taking the current outstanding authorization to $75.3 million. The Company said it “may use up to $50 million of its authorization to enter into …
The House voted Wednesday to require the government to review a number of auto-safety problems affecting children, such as backovers and power-window accidents. Transportation Department officials would need to consider ways of reducing blind zones in large sport-utility vehicles and …
State environmental officials said the recent snowstorm increased the risk of avalanches in parts of the Adirondack Mountains, New York. The Department of Environmental Conservation Commissioner warned anyone planning to visit the Adirondack back country to prepare for avalanche conditions, …
Less than a week before Christmas, the House of Representatives approved legislation Wednesday that seeks to boost consumer confidence in U.S. product safety regulation and strengthen toy testing. The bill would increase funding for the Consumer Product Safety Commission, give …
A Michigan-based insurer received a $230,000-fine by the state Department of Insurance for failing to make sure agents were licensed and appointed to sell policies in Connecticut. Foremost Insurance Co., which specializes in selling insurance for travel trailers and motor …
Lawmakers approved using $29 million in taxpayer money as a financial incentive to bring five new property insurance companies to Louisiana. The Department of Insurance required approval from the Legislature’s Joint Budget Committee before they could issue checks to qualified …
West Virginia’s mine safety chief has delayed deployment of steel-shelled shelters in underground coal mines because they could not meet a state standard for internal temperatures during testing. Ron Wooten, director of the state Office of Miners’ Health, Safety and …