Monthly Archives: <span>January 2006</span>

Texas DWC Posts Updated Forms and Notices Online

Forms and notices used by Texas workers’ compensation system participants recently were updated to reflect the new administration of the system by the Texas Department of Insurance (TDI), Division of Workers’ Compensation. The revised forms are available on the agency …

Texas Workers’ Comp Brown Bag Session Scheduled for Feb. 8

The Bryan/College Station Field Office of the Texas Department of Insurance (TDI), Division of Workers’ Compensation is hosting a Brown Bag Educational Session for health care providers, employers, human resource managers, and employee organizations on Feb. 8, 2006. The free …

Driving Scents: A Dash of Cinnamon or Peppermint Keeps Drivers Alert

The scent of peppermint or cinnamon may keep drivers more alert and decrease their frustration when behind the wheel. That’s according to the results of a recent study led by Dr. Bryan Raudenbush, Director of Undergraduate Research and associate professor …

FBI Uncovers Fraud in Miss., Creates Hurricane Task Force on Corruption

The FBI has uncovered fraud by public officials in the wake of Hurricane Katrina and has created a task force to investigate corruption as federal money pours into the Gulf Coast region, Mississippi’s top agent told The Associated Press. “We …

Insurer, Agent Groups Push for Regulatory Oversight for Ind. Insurance Pooling Bills

The National Association of Mutual Insurance Companies, the Insurance Institute of Indiana and the Independent Agents of Indiana are calling on the governor and legislators to include regulatory oversight in proposals to create a pooling mechanism to meet the insurance …

S&P Sees ‘Little Impact’ on Ratings from Hurricane Estimate Differences

A self-descriptive article from Standard & Poor’s Ratings Services -“Increases In Hurricane Loss Estimates To Have Little Impact On Insurer Ratings -” clarifies some questions concerning the actual and potential impact of this fall’s catastrophes on the insurance industry. S&P …

S&P Rates ACE Debt Issue

Standard & Poor’s Ratings Services announced that it has assigned its preliminary “BBB+” senior debt, “BBB” subordinated debt, “BBB-” junior subordinated debt, and “BBB-” preferred stock ratings to ACE Ltd.’s recently filed universal shelf debt registration. “The new shelf has …

IPC Holdings Updates 2005 Hurricane Loss estimates to $744 Million

Bermuda-based IPC Holdings, Ltd. has updated, which is to say increased, the estimated impact on its 2005 results from hurricanes Katrina, Rita and Wilma. “Based upon current analysis, which has been updated using additional information provided by ceding companies, IPC …

Lloyd’s Announces Governing Council Election Results

Best Affirms Glacier Re’s ‘A-‘ Rating

A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) and the issuer credit rating of “a-“of Swiss-based Glacier Reinsurance AG with a stable outlook. Best said it “believes that Glacier Re is likely to …