April 19 marks the anniversary of the signing of SB 899, the third of three significant workers’ compensation reform measures enacted during the past few years by California’s elected officials. Together, these measures are reforming the Golden State’s workers’ comp …
A medical-malpractice bill passed by the Arizona Legislature and sent to Gov. Janet Napolitano faces an uncertain future. The Senate completed legislative action on the bill (SB 1036) by voting 23-6 April 18 to accept changes made by the House …
Woodland Hills, Calif.-based 21st Century Insurance Group reported net income of $19.4 million ($0.23 per share) for the first quarter of 2005, compared to $19.8 million ($0.23 per share) for the same period in 2004. The 2004 results include net …
Bermuda-based American Safety Insurance Holdings Ltd. reported that the A.M. Best Company has increased its financial size category from VII to VIII, which designates companies whose adjusted policyholder surplus totals between $100 and $250 million. The financial size increase applies …
A.M. Best Co. has affirmed the Best’s Syndicate Rating of A (Excellent) and issuer credit rating (ICR) of “a” of Lloyd’s Syndicate 2010 (United Kingdom), which is managed by Cathedral Underwriting Limited. At the same time, A.M. Best has assigned …
Strategy International Insurance Group Inc., a provider of specialty lines of insurance, reinsurance and structured risk underwriting focusing on credit risk and credit enhancement, offered an update concerning its plan to acquire RS Group of Companies. As previously announced by …
Reforms of the Massachusetts high risk auto insurance pool will benefit the market and consumers, according to the American Insurance Association (AIA). Last Friday, AIA joined with the Massachusetts Insurance Federation (MIF) and other insurance trade associations and companies in …
Higginbotham & Associates, based in Fort Worth, Texas, named brokers John Collins, Dana Jones and Tami Rodgers executive vice presidents to reflect their 2004 sales volume. Collins and Jones are employee benefits brokers, and Rodgers is a commercial property and …
North Canton, Ohio-based pet insurer Hartville Group announced that it was unable to file its 2004 annual report on Form 10-KSB with the U. S. Securities and Exchange Commission by the extension deadline of April 15, 2005. In addition, the …
Fitch Ratings has affirmed the ‘BBB+’ long-term issuer rating on Springfield, Ill.-based insurer Horace Mann Educators Corp. and the ‘BBB+’ senior debt ratings. Additionally, Fitch has affirmed the ‘A+’ insurer financial strength ratings on the company’s five insurance subsidiaries. The …
