A federal appeals court has found that business exclusions in Allstate Insurance Company’s policies held by former Mississippi Bureau of Narcotics director Frank Melton meant the insurer was not bound to provide coverage for, or to defend him in a …
Smoke from a wildfire burning for two days in North Carolina’s Sauratown Mountain has clouded the skies over Stokes County, and the fire marshal said the blaze led to several evacuations. Fire Marshal Brad Cheek said a home and a …
The operator of an Anderson County, Tenn. oil well that burned for nearly a week has been cited by the state for five violations and fined $50,000. According to the citation, Dan Potts was drilling too deeply and didn’t have …
In a long awaited ruling, the Texas Supreme Court, in a 7-2 decision in Unauthorized Practice of Law Committee v. American Home Assurance Company, Inc and The Travelers Indemnity Company, approved the use of insurer defense staff attorneys to defend …
March 31, 2008 – London American Risk Specialists, Inc an independently owned & operated surplus lines/ wholesale brokerage firm, headquartered in Houston, TX, announces a new A.M. Best Rated A XV admitted market for Energy Contractors: • Natural Gas Utility …
Standard & Poor’s Ratings Services has assigned its ‘A-‘ counterparty credit and financial strength ratings to the recently acquired Allied World Reinsurance Co. (Allied World Re), a wholly owned, New Jersey-domiciled subsidiary of Bermuda-based Allied World Assurance Co. Holdings Ltd., …
A.M. Best Co. has assigned a financial strength rating of ‘A-‘ (Excellent) and an issuer credit rating of “a-” to Bermuda’s International General Insurance Company Limited (IGI). Best has also assigned an issuer credit rating (ICR) of “bbb-” to Dubai-based …
Officials with the California State Division of Labor Standards Enforcement (Labor Commissioner’s Office) issued 52 citations totaling $156,000 in fines to Northern California spas and beauty salons in a recent two-day enforcement sweep. Six investigators conducted the sweeps of 46 …
The Workers’ Compensation Insurance Rating Bureau of California has announced it has decided not to file for a mid-year pure premium rate change. Accepting a recommendation made by the WCIRB Actuarial Committee, the WCIRB Governing Committee said the organization would …
An agreement on lawsuit reform in Oklahoma is possible this year, according to the Republican co-chairman of the Senate Judiciary Committee, if Democratic Gov. Brad Henry is willing to make a counter-offer to the bipartisan lawsuit reform plans that he …