Outside actuaries have concluded that Liberty Mutual’s asbestos exposure may be shorter tailed than that of many other commercial insurers because the company mainly wrote primary coverage and also benefited from several manuscript policy provisions that reduced loss limits available …
Maryland became the first state to pass legislation requiring Wal-Mart Stores, Inc. to spend a minimum amount on health care for its employees or pay the difference in taxes as the Democrat-controlled legislature overrode a previous veto by Republican Gov. …
West Virginia Insurance Commissioner Jane L. Cline has asked a Kanawha County Circuit Court to enjoin Ingersoll-Rand of Montvale, N.J. from doing business in the state because it owes the West Virginia Workers’ Compensation Commission $9,874.76. According to the petition, …
Jay Unger, a self-employed lawyer in Boynton Beach, Fla. has been arrested for filing a fake auto-theft report in Melbourne for two motorcycles and a rental trailer. He was charged with grand theft, filing a false police report and insurance …
A wide variety of continuing education courses to be taught in various Florida locations during 2006 have been announced by the Tallahassee-based Professional Insurance Agents of Florida. The curriculum includes classes that address fundamentals of insurance designed for producers and …
An insurance representative checking a Cooper City, Fla. home for roof damage fell and died on Thursday afternoon. Alon Arad, 56, of Bethesda, Md., had been working as an independent contractor for State Farm Insurance, and had been in South …
Aon Re UK has issued an a bulletin following a renewals briefing in London yesterday, Jan.12, indicating that although the January reinsurance renewal season is running very late, premiums (rates) aren’t appreciably higher, except in areas affected by the U.S. …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) and the issuer credit rating of “a-” of Singapore Reinsurance Corporation Limited (Singapore Re) with a stable outlook. “The ratings reflect the company’s strong capitalization, …
Allianz Ireland’s “Allianz Broker eZine,” a monthly electronic magazine, has found success with Irish brokers. The subsidiary of Germany’s Allianz launched the site to “streamline its communication with brokers.” So far the “feedback has been encouraging,” said a bulletin on …
A.M. Best Co. announced that it has affirmed the financial strength rating of “B++” (Very Good) and upgraded the issuer credit rating to “bbb+” from “bbb” of Malaysia’s Labuan Reinsurance Ltd., and has revised its outlook on both ratings to …
