Work related injuries and illnesses decreased in 2008 for the second year in a row, according to the Texas Department of Insurance Division of Workers’ Compensation (TDI-DWC). The division reported 234,559 total cases of nonfatal injuries and illnesses in Texas …
Disciplinary orders issued by Illinois Director of Insurance Michael T. McRaith for December 2009 include fines and licensed denials, according to the Illinois Department of Insurance. Following are orders recently issued by the commissioner: Vincent B. Kent, Hoffman Estates – …
A new arbitration program in Florida specifically designed to resolve inter-insurer disputes over construction defect claims commenced with its recently conducted first hearing. The new program is a joint project undertaken by Arbitration Forums Inc. (AF) and the Construction Defects …
Illinois Attorney General Lisa Madigan and Treasurer Alexi Giannoulias have reached a settlement agreement with OppenheimerFunds Inc. and three subsidiaries to resolve an investigation into the company’s management of one of the underlying funds in the state’s 529 college savings …
The Tennessee Highway Patrol will set up more than 100 checkpoints across the state during the rest of the year to arrest impaired drivers and other violators. Highway Patrol Col. Mike Walker issued this warning: “If we catch you, we …
The Texas Department of Insurance Division of Workers’ Compensation has set the interest and discount rate for the first quarter of 2010 at 3.85 percent. The rate, effective from Jan. 1, 2010, through March 31, is computed using the treasury …
A.M. Best Co. has downgraded the financial strength rating to ‘B’ (Fair) from ‘B+’ (Good) and issuer credit rating to “bb+” from “bbb-” of Catholic Knights of Milwaukee, Wisc. And has placed the ratings under review with negative implications. “These …
A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A++’ (Superior) and ICRs of “aaa” of United Services Automobile Association (USAA) of San Antonio, Texas and its property/casualty and life/health subsidiaries. Best also affirmed the debt rating of …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Allstate New Jersey Insurance Group and its members. The outlook for all ratings is stable. Allstate New Jersey’s ultimate …
A church custodian who was injured in a ladder fall, but waited nearly five years to file a workers’ comp claim is barred from collecting benefits, a Massachusetts Appeals Court has ruled. The employee in this case, James Sullivan, was …