Ohio’s workers’ compensation director, once hailed as government’s “Mr. Fixit,” has resigned because of a growing scandal about the disappearance of about $10 million worth of rare coins the agency bought as an investment. Gov. Bob Taft took responsibility for …
New Jersey’s award-winning office created to root out insurance fraud is under scrutiny itself, with the state auditor probing allegations the insurance industry was billed about $4 million for employees who never worked on fraud cases. The probe stems from …
Early-morning thunderstorms crashed across northwest Florida on Tuesday morning, almost as if to announce the arrival on Wednesday morning of the 2005 hurricane season. At the same time, Florida Governor Jeb Bush and other state and national agencies were cautioning …
American International Group Inc. (AIG) announced that it has filed its long-awaited 2004 annual financial report Form 10-K along with adjustments for 2000 through 2003 with the Securities and Exchange Commission. As part of the restatement, AIG cut shareholders’ equity …
May 30 through June 3 has been dedicated as Hurricane Awareness Week in Mississippi by the Mississippi Emergency Management Association. High wind speeds, tidal surge and tornadoes associated with hurricanes always grab attention. But in the last 30 years, more …
Standard & Poor’s Ratings Services announced that it has revised its outlook to positive from negative on Norwegian marine insurer Bluewater Insurance ASA, based on an improved view of the company’s competitive position in the global marine hull insurance market. …
The U.K.’s Chartered Insurance Institute (CII) announced that members of the Faculty of Claims are to be given the opportunity to distinguish their professionalism by enhancing their membership designation. “Holders of the CII’s Diploma in Insurance who have passed the …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) and has assigned an issuer credit rating (ICR) of “a+” to South Africa’s Old Mutual Life Assurance Company (OMLAC [SA]). At the same time, Best …
Standard & Poor’s Ratings Services has indicated that it is not taking any rating action on insurance broker Hilb, Rogal & Hobbs as a result of the company’s announcement that its president and chief operating officer, Robert Lockhart, has resigned …
Leaders from the public and private sectors from throughout the nation will take part in the National Symposium on the Future of Terrorism Risk Insurance on the campus of the University of Southern California on June 20, 2005. The symposium …
