Following its rating action on the parent company, Bermuda-based Flagstone Reinsurance Limited (See IJ web site Dec. 18), A.M. Best Co. has assigned a financial strength rating (FSR) of “A”- (Excellent) and an issuer credit rating (ICR) of “a-” to …
A.M. Best Co. has affirmed the financial strength rating (FSR) of “A-” (Excellent) and the issuer credit rating (ICR) of “a-” of Canada’s Co-operators General Insurance Company. Best also upgraded the FSR to “B++” (Very Good) from “B+” (Very Good) …
Aon has announced it has entered into a letter of intent agreement to acquire Valley Oak Systems of San Ramon, Calif. Aon expects to consummate the transaction by January 31, 2007. Valley Oak Systems (VOS) offers claims management software, services …
The head of Taco John’s International offered this week to pay medical bills for customers who got ill from E. coli bacteria at three of the chain’s Mexican restaurants. Some 76 people were sickened after eating at Taco John’s in …
Des Moines, Iowa-based Hawkeye-Security Insurance and Indiana Insurance, both members of the Liberty Mutual Group, are urging holiday shoppers to raise their awareness of identity theft, the fastest growing crime in America. Consumers’ increased use of credit and debit cards …
Burns & Wilcox, the Farmington Hills, Mich.-based national specialty insurance wholesaler, underwriter and managing general agent, has announced the addition of Buzz Harrison, who joins the company’s new Greensboro, N.C. office as a broker. Harrison has 30 years of experience …
People who receive higher disability ratings for work-related back injuries don’t necessarily fare worse over the long term than those who get lower ratings, a Saint Louis University study finds. The study, which reinforced previous research showing blacks receive less …
A study of settlement decisions in workers’ compensation claims for low back pain has found almost no relationship between the rating of the disability’s severity when the claim was settlement and reported pain and disability 21 months later. Findings were …
Workers who wish to enroll in low-cost “wellness” health plans now required by Rhode Island law must select a primary care physician, complete a health risk appraisal and pledge to remain at a healthy weight, state officials said this week. …
Eight people were charged have been charged with defrauding insurance companies by registering commercial motor vehicle fleets in upstate New York to avoid higher premiums in New York City, Albany County District Attorney David Soares said. By falsely registering their …
