Monthly Archives: <span>November 2010</span>

Connecticut Firm Must Defend Firing Employee Over Facebook Comments

Federal labor officials have taken aim at a Connecticut ambulance company they allege fired a union employee who posted negative comments about her supervisor on her personal Facebook page. The complaint issued by the Hartford office of the National Labor …

Ratings Recap: Valiant, General Automobile Permanent General

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Valiant Insurance Company and Valiant Specialty Insurance Company, both domiciled in Wilmington, Del. Best also noted that the “ratings …

Hearings Planned on Black Lung Rule Change

Federal regulators say they’re planning six public hearings on proposed stricter limits on coal dust exposure in the nation’s mines. The Mine Safety and Health Administration announced the schedule Wednesday. The agency says the meetings start Dec. 7 in Beaver …

Ratings: Global Indemnity/Wind River Re, Connaught, Tugu Triple-S Propiedad, Arab Re

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘B+’ (Good) and the issuer credit ration of “bbb-” of Guernsey-based Connaught Insurance Company Limited, the captive insurance company of Thomas Greg & Sons Limited …

Best Affirms Ratings of Lloyd’s Syndicate 609 (Atrium); Outlook Stable

A.M. Best Europe – Rating Services Limited has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Lloyd’s Syndicate 609, which is managed by Atrium Underwriters Limited (AUL). The outlook for both ratings remains …

Best Assigns Aioi Insurance Company (China) ‘A-‘ Rating; Outlook Stable

A.M. Best Co. has assigned a financial strength rating of ‘A-‘ (Excellent) and an issuer credit rating of “a-” to Aioi Insurance Company (China) Limited, both with stable outlooks. The ratings reflect AIC’s “favorable risk-adjusted capitalization, excellent liquidity position and …

Crawford Italy in Potential Acquisition Discussions with Studio Bolton

Mark Harman, CEO of Crawford & Company for Continental Europe, Middle East & Africa, and Paul Ogni, Country Manager of Crawford & Company Italia, together with William Bolton, Chairman of Studio Bolton & Associati, have jointly announced that the “two …

Calif. Supreme Court Declines to Take Up Controversial Workers’ Comp Case

The California Supreme Court has declined to review the decision in Milpitas Unified School District v. WCAB (Guzman), a case that is being heavily watched by the workers’ compensation insurance industry. In September, Bradford & Barthel, LLP’s Louis Larres filed …

Report Confirms Florida Sinkhole Insurance Woes are Deep, Spreading

A new state report confirms sinkhole insurance claims are rising in Florida, costing insurers millions of dollars in payouts and expenses, cropping up in counties where they have not been a problem in the past, and showing no signs of …

Texas Work Comp October Enforcement Actions Include Hefty Fines

Final disciplinary actions taken by the Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) in October include fines of up to $153,000, the department announced. Commissioner of Workers’ Compensation Rod Bordelon’s orders are subject to appeal to state district …