Thirty-one people covered by the Oregon’s workers’ compensation system died on the job during 2009, the Department of Consumer and Business Services (DCBS) announced. That total brings the average number of workers who died on the job during the past …
The actuarial services firm, Demotech, which rates most of Florida’s newer and smaller domestic property insurers, has published a position paper outlining its approach to its carrier Financial Stability Ratings and the financial and management factors it monitors. Entitled Guidance …
Cigarette lighters that look like toys will be banned in Mississippi under a bill signed into law by Gov. Haley Barbour. The law takes effect July 1 and prohibits the sale of novelty lighters. Supporters of the bill say the …
The father of a firefighter who died in a 2007 furniture store blaze that killed nine firefighters says families will meet with state fire investigators next week to discuss whether criminal negligence was involved in the deaths. “We want justice, …
A woman who sued after surgery for a broken leg left her partially paralyzed has been awarded $19.2 million by a federal court jury in Chattanooga that also returned a $3 million verdict for her husband. The Chattanooga Times Free …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of the Chubb Group of Insurance Companies and its P/C members. Best also affirmed the ICR of “aa-“, senior debt …
Standard & Poor’s Ratings Services has assigned its ‘BBB’ issue rating to Hartford Financial Services Group Inc.’s (HIG) proposed $1.1 billion senior debt offering. S&P assigned a ‘BB’ rating to HIG’s proposed $500 million mandatorily convertible preferred shares offering that …
Standard & Poor’s Ratings Services has lowered its long-term counterparty credit and insurer financial strength ratings on Jordan-based Middle East Insurance Company (MEICO) to ‘BBB-‘ from ‘BBB’. The outlook is stable. The rating action follows the “downgrade on March 12, …
Major flooding has begun and is forecast to continue through spring in parts of the Midwest, according to the National Weather Service. The South and East are also more susceptible to flooding as an El Niño influenced winter has left …
A United Way organization in central Indiana is ready to start rebuilding its headquarters that was destroyed by a Christmas Eve fire. United Way of Bartholomew County says it has received a $5 million insurance settlement that will pay for …