The California Department of Insurance (CDI) issued a seizure order this morning for Superior National Insurance Group, one of California’s largest workers’ compensation carriers. According to the CDI, financial examinations of Calabasas-based Superior National revealed that the insurer was in …
Insurance Courier Services confirmed today that it is going out of business. Further details regarding the closure are not yet available.
Prudential is reducing auto insurance rates for many drivers in Nevada by an average of 2.2 percent statewide. Some Nevada drivers will qualify for reductions of more than 20 percent. The price reduction took effect on Jan. 21 for new …
U.S. consumers spent $2.8 billion online in January, mostly on airline tickets, computer hardware and books, according to a survey called the NRF/Forrester Online Retail Index released on Wednesday. The survey measures monthly online retail spending. It is conducted in …
Best Co. downgraded four California workers’ compensation company ratings, reflecting poor w/c market conditions in California, as well as company-specific issues. Calabasas, Calif.-based Superior National Insurance Group was graded “B” (Fair), down from “B++” (Very Good). The rating remains under …
The Utah Court of Appeals recently determined that home-based workers are entitled to the same workers’ compensation benefits as workers in offices. The decision emphasizes the telecommuting trend and ties in with OSHA’s recent attention to the subject. The National …
