Falling auto injury claim frequency and rising claim severity have created an unsettled auto injury claim environment countrywide, according to a new industry report. The report, Trends in Auto Injury Claims, 2008 Edition, from the Insurance Research Council (IRC), documents …
A.M. Best Co. has placed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of GMAC Insurance Group (GMACI) and its sixteen members, led by Motors Insurance Corporation, under review with negative implications. Best …
Google Inc has unveiled a plan to help U.S. patients gain control of their medical records and is working with doctors’ groups, pharmacies and labs to help them securely share sensitive health data. The long-rumored entry by Google into the …
Greenwich, Conn.-based W. R. Berkley Corp. has appointed Kevin H. Ebers as senior vice president for information technology. Ebers, 50, will oversee information technology systems and operations throughout the company. He began his career with W. R. Berkley more than …
The Farm Bureau Safety and Health Network’s Agricultural Safety Awareness Week, dedicated to farm safety education with a particular emphasis on children, begins in a few days. In recognition, Agriculture Secretary Ed Schafer proclaimed March 2-8 as Agricultural Safety Awareness …
Guy Carpenter & Co., the reinsurance services subsidiary of Marsh & McLennan Cos. Inc., has named a new chief executive officer and a new chairman, the company said. Peter Zaffino will assume the CEO role – succeeding David Spiller in …
The earthquake that struck Market Rasen in Lincolnshire yesterday is likely to cause insured losses of between $29.88 million and $59.77 million, according to initial estimates by Risk Management Solutions (RMS). Despite the location of the earthquake’s epicentre, most of …
A Delta farmer and levee authorities in San Joaquin County, Calif. are suing the state, claiming California water managers are increasing flood risks by allowing sediment to collect in the Sacramento-San Joaquin Delta. Landowner Dino Cortopassi and Reclamation District 2086 …
A federal appeals panel upheld a $6.5 million verdict against a private contractor in the death of an Arkansas soldier who was electrocuted when he leaned back against the metal exterior wall of a latrine. Pvt. Van Ryan Marcum died …
The airport with the most near accidents and runway safety violations in the nation will be getting the equivalent of street lights to prevent potential accidents. The system — called runway status lights — will rely on radar technology and …