Utility holding company Entergy Corp. reported that its damages from hurricanes Katrina and Rita totaled $1.5 billion and predicted its fourth-quarter earnings will drop from a year ago. Entergy said it expected earnings of 42 cents per share for the …
Oklahoma Insurance Commissioner Kim Holland issued a Cease and Desist Order to PrimeStar Healthcare for selling a “health care plan” in Oklahoma via facsimile advertisements and telephone sales. PrimeStar failed to register in Oklahoma as a discount medical plan organization, …
Noting that a recent Oklahoma State Supreme Court ruling could effectively eliminate the state’s “exclusive remedy” of workers’ compensation court, Oklahoma State Rep. Ben Sherrer filed legislation to prevent that from happening, the Oklahoma House of Representatives reported. House Bill …
The trend to institute smoking bans in public buildings, restaurants and other areas may be taking a giant leap right forward right into the work arena. Scotts Miracle Grow has announced to its employees that after a grace period, employees …
New York-Chicago-based Fitch Ratings is predicting stability and growth for the broker industry in 2006, while admitting that earnings will be down in 2005 because of litigation connected to New York Attorney General Eliot Spitzer’s investigation. Fitch’s special report, “Insurance …
Nevada-based Employers Insurance Group (EIG) reported a corporate reorganization designed to position the group of companies for expansion in commercial property and casualty insurance beyond its position as the nation’s 14th largest private workers’ compensation insurer. Chief Executive Officer Douglas …
Brown & Brown, Inc. has reported that its Lawyer’s Protector Plan insurance program will begin offering bindable quotes using competitors’ “long form” application forms for new lawyers professional liability insurance coverage. The competitor’s form must be accompanied by LPPs one-page …
A consortium of Lloyd’s underwriters has formed a new facility for satellite insurance that will “enable the most accurate pricing of risks the sector has ever seen,” said an announcement on the Lloyd’s Website (www.lloyd’s.com). The consortium is adopting a …
The U.K.’s Financial Services Compensation Scheme (FSCS), which administers claims payments when insurers are unable to do so (usually due to insolvency), has made what has to be an unprecedented announcement. It intends to refund a surplus of £42 million …
A.M. Best Co. has made several announcements concerning its ratings on Royal & Sun Alliance’s Canadian operations. Best affirmed the financial strength ratings (FSR) of “A-” (Excellent) of Royal & Sun Alliance Company of Canada (RSA Canada) and Quebec Assurance …
