A total of 69,340 nonfatal occupational injuries and illnesses involving days away from work were reported in Texas private industry for 2005 according to the most recent data from the Bureau of Labor Statistics (BLS) Survey of Occupational Injuries and …
Eighteen months after the hurricanes, “crisis” is the term everyone uses to describe Louisiana’s insurance problems. The governor spends much of her time begging insurance companies to continue doing business in Louisiana, hoping that more competition will bring rates down. …
U.S. Sen. Chris Dodd, a Democratic presidential hopeful, said he’s angry with the insurance industry’s response to the 2005 Gulf Coast hurricanes and said Mar. 9 he will hold senate committee hearings on insurance issues. Dodd, chairman of the Senate …
Allstate Insurance is resisting an order from Louisiana’s insurance department to reinstate 4,700 homeowner policies that the company canceled in four parishes hit by Hurricane Katrina. Louisiana Insurance Commissioner Jim Donelon said that Northbrook, Ill.-based Allstate Co. could face fines …
Louisiana officials tried to ease Wall Street worries on Mar. 8 about the state-run insurer of last resort, whose financial records are in disarray and possibly lost for the last year and a half. State Treasurer John Kennedy, Insurance Commissioner …
Louisiana’s state-run insurer has agreed to a mass settlement with more than 100 policyholders, a deal believed to be the first of its kind in the state since hurricanes Katrina and Rita spawned thousands of lawsuits, an attorney for the …
American Family Mutual Insurance Co. was ordered to pay $17 million as part of a class-action lawsuit over aftermarket vehicle parts in Missouri. Following a 3 1/2-week trial, a Jackson County jury determined American Family wrongly paid auto damage claims …
All residential insurers in Florida must make a filing containing new rates by March 15 to become effective for new or renewal policies beginning June 1 and thereafter on the renewal date of the policy. Insurers are also required to …
A.M. Best Co. has assigned a financial strength rating of “B++” (Good) and an issuer credit rating of “bbb+” to the United Arab Emirates SALAMA Islamic Arab Insurance Co. (P.S.C.) with a stable outlook. “The ratings reflect the company’s strong …
A.M. Best Co. has upgraded the issuer credit rating to “bbb+” from “bbb” and has affirmed the financial strength rating of B++ (Good) of Tunisia’s B.E.S.T. Reinsurance with a stable outlook. . “The ratings of BEST Re reflect the rating …
