The long working hours culture drives up the risk of workplace injury and illness, reveals a study by occupational medicine researchers, who also conclude that the risk has nothing to do with how hazardous the job is. After adjusting for …
New York State Insurance Superintendent Howard Mills has named Randolph Mineo, a former police chief in Wilton, Conn., to head the New York Liquidation Bureau’s Office of the Inspector General, a new position. In this position as the first-ever inspector …
Zurich Financial Services Group joined the parade of insurers reporting strong first half results. The Swiss-based Company, which also manages the Farmers Exchanges in the U.S., posted a net income of $1.799 billion, an increase of 21 percent over the …
The London insurance market’s Joint War Committee (JWC) has rejected the shipping industry’s complaints about its designation of the Straits of Malacca as a “war risk” area (See IJ Website Aug. 15). At a meeting on Tuesday, Aug. 16, The …
Standard & Poor’s Ratings Services has given a definite maybe to a newly unveiled reform plan for Korea’s insurers. The rating agency called the plan “a good start towards enhancing the industry’s transparency,” but indicated: “the plan could better achieve …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) of Germany’s Gerling-Konzern Allgemeine Versicherungs-Aktiengesellschaft (GKA) and its U.S. subsidiary, the New York-based Gerling America Insurance Company (GAIC). Best also affirmed the issuer credit rating …
A report from Japan’s Kyodo News Agency notes that Tokio Marine & Nichido Fire Insurance Co. plan to electronically store application documents for automobile and other types of insurance contracts, starting next April, in a bid to save costs and …
The Property Casualty Insurers Association of America is disappointed that the state Supreme Court in David C. Grammatica v. Arizona Industrial Commission has invalidated what PCI believed was a valuable law designed to help provide drug and alcohol-free working environments …
Louisville, Ky.-based Insuramax Inc. has been accepted into The Sitkins 100, a national organization of independent agencies providing risk reduction consulting, with high-level value added programs that focus on continual improvement of agency operations. “We are proud to be a …
An 8.6 percent statewide increase and 37.9 to 39.7 percent increases in the coastal section of Miami-Dade County and inland sections of Broward County, Fla. have been requested by State Farm Insurance. The request cited higher rebuilding costs and higher …
