The Maine Joint Committee on Labor, acting in a work session, has approved a bill to increase the state’s premium tax on several property/casualty insurance lines from 2 percent to 2.5 percent in order to fund retiree health insurance benefits …
A.M. Best Co. has assigned a financial strength rating of B++ (Very Good) to Malayan Insurance Company Inc. (MICO) (Philippines). The outlook is stable. The rating reflects MICO’s excellent capitalization, leading market position and stable income supported by strong investment …
A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) of Accident Compensation Corporation (ACC) (New Zealand). The rating outlook is stable. The rating reflects ACC’s unique status in the accident insurance market in New Zealand, improvement in …
The Independent Insurance Agents & Brokers of New Jersey (IIABNJ) 11th Annual Charity Golf Classic to benefit the Make-A-Wish Foundation of New Jersey will take place May 3, 2005 at Forsgate Country Club in Monroe Township. “We’re back for another …
Oklahoma Gov. Brad Henry is calling on legislative leaders to work toward a bipartisan compromise on workers’ compensation reform, saying the issue is too important to fall prey to political disagreements. Two major workers comp reform measures are now before …
The Naperville, Ill.-based Independent Mitigation and Cleaning/Conservation network announced that Bill Schroeder has been appointed to fill the vacant position of vice president of business development and will also serve as vice president of national markets for IMACC. Previously, Schroeder …
Pennsylvania Gov. Edward Rendell has sent a letter to President George W. Bush regarding last weekend’s flooding along the Delaware and Susquehanna Rivers. Because many of the flood-impacted areas suffered extensive, multi-million dollar losses six months ago at the hands …
Florida insurance fraud investigators have arrested an unlicensed psychotherapist a second time for reportedly practicing psychotherapy without a license and fraudulently billing insurance companies for his services. Lubomir Lacho, a resident of Pompano Beach, Fla. was arrested at New Hope …
The National Alliance for Insurance Education & Research announced that 12 new members have been selected to serve on the 2005-2006 CIC, CISR, and Academy Boards. The National Alliance relies on the three boards for determining policy and guiding the …
Through two different translators, French mogul Francois Pinault sought to make one point universally clear to the federal jury hearing the civil suit over failed insurer Executive Life: He did nothing wrong. Testifying in U.S. District Court on April 5 …
