A.M. Best Co. has downgraded the financial strength rating (FSR) to ‘A’ (Excellent) from ‘A+’ (Superior) and issuer credit ratings (ICR) to “a+” from “aa-” of Swiss Reinsurance Company Limited and its subsidiaries. Best also downgraded the ratings for all …
A.M. Best Co. has upgraded the financial strength ratings (FSR) to ‘A’ (Excellent) from ‘A-‘ (Excellent) and the issuer credit ratings (ICR) to “a” from “a-” of the rated UK operating subsidiaries of the UK’s RSA Insurance Group plc. Best …
Two 14-year-old boys who caused a fire at Lynden’s Delft Square building in Washington in June 2008 have been ordered to pay nearly $580,000 in restitution. Whatcom County Juvenile Court Commissioner Thomas Verge ordered the boys to pay the money …
A Wisconsin insurance company doesn’t have to pay $1.5 million to the estate of a developmentally disabled man who died after being left in a bathtub at a county group home. The District 4 Court of Appeals says Wisconsin County …
A bill to allow farmers and ranchers to drive street-legal ATVs in rural areas has passed the Oklahoma Senate. The measure was sent to the House on a 37-8 vote, despite concern it would create safety problems. “This isn’t a …
An Arkansas House of Representatives committee has approved a bill that would require all Arkansas retailers to only sell so-called “fire-safe” cigarettes that self-extinguish when left unattended. A bill that would have allowed concealed handguns in churches was rejected, however, …
Citing errors in BrickStreet Mutual Insurance Co.’s application of approved underwriting and rating rules, West Virginia Insurance Commissioner Jane L. Cline has ordered the insurer to refund $18.1 million to more than 6,000 policyholders. The refunds include $3 million to …
Residents in the flood-ravaged Sherwood Park neighborhood in Waterloo say signs painted on their homes saying their homes weren’t abandoned hasn’t deterred vandals from further damaging their homes. The home were damaged when the Cedar River poured over its banks …
An audit of Minnesota’s worker’s compensation system has found that insurers are mishandling a growing number of claims, including by paying injured workers less than they deserve. The report from the Legislative Auditor said those mistakes are resulting in about …
South Carolina legislators have postponed voting on a bill that aims to prevent children from being injured on all-terrain vehicles. The bill is dubbed “Chandler’s law” after a 16-year-old Swansea teen killed six years ago in an ATV accident while …