A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating of “a+” of Japanese insurer Nipponkoa Insurance Company Ltd., both with stable outlooks. “The ratings reflect Nipponkoa’s strong risk-adjusted capitalization, improvement in underwriting …
LOS ANGELES – City of Hope’s National Insurance Industry Council (NIIC) will honor James L. Weidner, chief executive officer of Cooperative of American Physicians Inc. (CAP), with The Spirit of Life® Award, City of Hope’s most prestigious philanthropic honor. Weidner …
An Indiana appeals court has upheld the ruling of the state’s workers’ compensation board that an employee at a pizza restaurant is eligible for treatment for obesity under a workers’ compensation policy. The ruling is similar to one recently handed …
Fire officials say a new damage survey shows 82 homes have been destroyed from the blaze burning north of Los Angeles, up four from the previous report. The U.S. Forest Service also increased containment of the fire to 71 percent …
Standard & Poor’s Ratings Services has assigned its ‘BBB+’ senior debt rating on W.R. Berkley Corp.’s proposed issue of approximately $300 million senior unsecured notes, which are due in 2019. WRB will use the net proceeds of the issue to …
The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has cited Metal Improvement Co., doing business as E/M Coating Services in Lombard, Ill., with alleged serious and repeat citations of federal workplace safety and health standards. Proposed penalties …
Effective Dec.31, 2009, all insurance entities that do business in Ohio will be required to submit rate, rule and form filings for all lines of insurance electronically using the System for Electronic Rate and Form Filings, also known as SERFF, …
The Louisiana Workforce Commission (LWC) and the state’s attorney general reported the arrest of a Louisiana couple for alleged workers’ compensation premium fraud. Mauro and Keren Aguirre, owners of Escapade Acoustic Drywall in Lafayette, are charged with felony theft and …
Insurance claims dollars are helping to rebuild Lower Manhattan even eight years after the Sept. 11, 2001, terrorist attacks. The 9/11 attacks produced the second largest loss in the history of insurance, falling just behind the claims losses left by …
A Hagerstown, Maryland fire official says a worker was injured when he fell about 17 feet into an empty tank under construction at the city’s wastewater treatment plant. Hagerstown Fire Department Battalion 2 Chief Randy Myers said the man apparently …