A.M. Best Co. has commented that the ratings of the U.K.’s Royal & Sun Alliance Insurance Group plc “are unaffected by 2004 reported earnings as they were in line with A.M. Best’s expectations.” The announcement noted that R&SA had reported …
Bermuda-based Montpelier Re Holdings Ltd. announced that certain of its founding shareholders have completed their sale of an aggregate of 3,704,924 common shares of the Company to Goldman, Sachs & Co. at a price of $41.80 per share. “The shares …
The Kansas Senate has unanimously passed a bill to protect the insurance of military men and women deployed beyond the borders of the United States. This bill now advances to the House for consideration. This legislation stipulates that an individual …
Approximately 14,000 employers have been notified that injury and illness rates at their worksites are higher than average and that assistance is available to help them fix safety and health hazards, the Occupational Safety and Health Administration (OSHA) announced Thursday. …
HIP Health Plan of New York hs completed its acquisition of ConnectiCare Holding Company, Inc. HIP received regulatory approval for the acquisition from Massachusetts and previously from Connecticut and New York. The acquisition agreement was announced June 23, 2004. HIP’s …
The California Workers’ Compensation Institute has announced that it will conduct a one-day case law seminar in May in San Francisco and in Long Beach. The program will examine trends in workers’ compensation case law in light of recent statutory …
After receiving consumer complaints during town hall meetings in Pensacola, Fla. about unpaid claims, Tom Gallagher, Florida’s CFO, told insurance company representatives he would like to have “face-to-face” meetings with their executive officers in an effort to clear up the …
The last individual charged in connection with a scandal that forced the resignation in 2000 of then-California Insurance Commissioner Chuck Quackenbush has pleaded no contest to misdemeanor forgery. Ronald Leo Weekley, 50, was immediately sentenced to 120 days of community …
Research and Markets announced the addition of The Global Insurance Handbook 2005 to their offering. The increasing size of risk in the world is reportedly influencing multinational and global companies to protect ever larger balance sheets against traditional and untangible …
Odyssey Re Holdings Corp. reported that Robert Giammarco has been appointed executive vice president and chief financial officer of the company, effective March 31, 2005. Giammarco joins the company from Banc of America Securities where he served as managing director …
