The U.S. Geological Survey says a small earthquake has hit a tiny Alabama town. The 2.0 earthquake happened about 12:23 p.m. Saturday in the town of Gu-Win, which has about 200 people living between Guin and Winfield in northwest Alabama. …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of the Bermuda-based XL Capital Group and its members. Best also affirmed the ICR of “bbb” and all debt ratings …
A.M. Best Co. has removed from under review with negative implications and affirmed the financial strength ratings of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Bermuda-based Validus Reinsurance, as well as IPCRe Limited (Bermuda) and IPCRe Europe …
Despite the adoption of California workers’ compensation medical reforms and a pharmacy fee schedule in 2004, a new study finds that both the average number of prescriptions and average prescription drug payments per claim are on the rise – increases …
A person does not have to show actual damages to be able to sue a check verification firm for mistakenly reporting information affecting consumer credit files, the U.S. Circuit Court of Appeals for the Sixth District recently ruled. The decision …
Missouri Gov. Jay Nixon has re-appointed Jack D. Atterberry of Jefferson City to the Workers’ Compensation Determination Review Board. The board reviews determinations by an insurer or advisory organization regarding uniform code classifications, basic manual rule interpretations, uniform experience rating …
Standard & Poor’s Ratings Services has lowered its counterparty credit rating on Bermuda-based IPC Holdings Ltd. to ‘BBB-‘ from ‘BBB’ and removed it from CreditWatch, where it was placed on June 16, 2009, with negative implications. S&P then withdrew its …
Workers’ compensation insurer, Texas Mutual Insurance Company, announced a $1,377,679 dividend to the CompGroup AGC purchasing group. The group, which includes qualifying Associated General Contractors members, has earned nearly $14 million in dividends since 2002. The group dividends are based …
The number of lightning strikes in Oklahoma has increased this year as a result of frequent thunderstorms. In Oklahoma City alone, the number of structure fires from lightning has more than tripled this year compared to last year. In Mulhall …
A Rapid City, S.D., apartment owner, Barker & Little Inc., owes more than $24,000 in damages because it waited too long to defend itself against a lawsuit filed by a woman who was kicked out of her apartment, a split …