Standard & Poor’s Ratings Services announced that it has affirmed its “BBB-” counterparty credit and insurer financial strength ratings on Italian composite insurance group Fondiaria-SAI SpA, following a review. The outlook is stable. “The ratings on Fondiaria-SAI are based on …
Almost none of them are left now – the men and women who fought the First World War. Even those who lived through it are few. But the effects of what the French call La Grande Guerre – the “Great …
The Connecticut Insurance Department has approved a slight decrease of 0.3 percent in workers’ compensation loss costs beginning Jan. 1, 2005. The department has also rejected a proposed hike in assigned risk rates, approving instead an overall 6.2 percent reduction …
Compensation issues that have been raised in the wake of the recent actions by New York Attorney General Eliot Spitzer were discussed recently by Georgia Insurance Commissioner John Oxendine, Len Brevik, executive vice president and CEO of the National Association …
Despite having to deal with some of the nation’s worst wintertime weather, Minnesota emerged as the nation’s healthiest state, while far to the south, Louisiana is the least healthy, a ranking it has been unable to shake for 14 of …
A federal magistrate judge late today upheld findings by the U.S. Securities and Exchange Commission (SEC) that Mutual Benefits Corporation (MBC), the nation’s largest viatical settlement company, engaged in violations of securities law and defrauded investors. The Florida Department of …
A bill reportedly designed to repeal Michigan’s mandatory motorcycle helmet law was passed by the State House of Representatives today (Nov. 10), in an apparent bid to take advantage of a lame duck legislature – with 36 House members leaving. …
Community Assisting Recovery, CARe, a nationally recognized non-profit disaster recovery assistance organization, announces that survivors of the 2003 California wildfires and their more fortunate neighbors will be able to discuss the “good and bad” of their insurance coverages and the …
In a letter to Senate Leaders, Property Casualty Insurers Association of America Senior Vice President, Government Affairs, Carl Parks this week urged the passage of class action reform legislation before Congress adjourns for the year. According to the PCI, S. …
Chicago-based commercial insurer CNA Financial Corp. appointed D. Craig Mense as chief financial officer, effective Nov. 29. Mense will report to CEO Stephen W. Lilienthal and succeeds Robert V. Deutsch, who served as CFO from August 1999 to October 2004. …
