Wells Publishing, the parent company of Insurance Journal magazine, InsuranceJournal.com, ClaimsJournal.com, and MyNewMarkets.com has been named the second best publishing company to work for in the United States by Publishing Executive magazine. “This award is a real testament to the …
A new decision by a Pennsylvania court could have far-ranging implications on what happens to an insurance agency’s book of business if a carrier terminates its contract. The decision, rendered last week by Judge Bonnie Brigance Leadbetter, is being considered …
A judge has ordered a group of restaurant owners to pay $4.8 million into a workers’ compensation fund that was mismanaged. About 500 Tennessee Restaurant Association members will have to pay thousands each to shore up the fund. They had …
A Chinese official said six workers have died over the last five years working on venues for the Beijing Olympics. Ding Zhenkuan, deputy chief of Beijing’s Municipal Bureau of Work Safety, said two of those deaths took place in 2006 …
Volkswagen AG said it has recalled 27,000 diesel cars over a possible wiring fault. The worldwide recall applies to Golf Variant and Jetta TDI cars that were built in Mexico this year and last. Volkswagen spokesman Christian Buhlmann said a …
A.M. Best Co. has downgraded the debt rating to “bb+” from “bbb” on the $350 million non-cumulative perpetual preferred securities (issuer preferred securities) issued by Stoneheath Re (issuer), a Cayman Islands exempted company. The rating outlook is stable. Best explained: …
A federal lawsuit filed by 33 inmates at a state prison accuses officials of lying about removing asbestos from the facility. Lab tests on a powdery substance collected by the inmates at the Chillicothe Correctional Institution show the presence of …
Federal regulators fined a Dallas company $6,300 in connection with a spectacular acetylene gas explosion last summer that sent metal canisters flying into the air. The Occupational Safety and Health Administration assessed the fine to Southwest Industrial Gases, a welding …
Pine Bluff, Ark.’s new fire chief is fed up with arsons at abandoned homes in his city – so much so he’s reaching into his own wallet to try and stop the blazes. Don Horton said he will offer a …
The Hanover Insurance Group Inc. in Worcester, Mass. reported a rise in earnings for the fourth quarter and last year overall while its chief executive officer expressed confidence the company has “momentum leading into 2008.” The company managed to grow …