A.M. Best Co. has affirmed the financial strength rating (FSR) of “A+” (Superior) and the issuer credit ratings (ICR) of “aa-“of Philadelphia Insurance Companies and its members. Best also affirmed the FSR of “A-” (Excellent) and ICRs of “a-” of …
A.M. Best Co. has upgraded the financial strength rating (FSR) to “A+” (Superior) from “A” (Excellent) and the ICR to “aa-” from “a” of Chicago-based Old Republic General Insurance Corporation (ORGENCO). Best has also affirmed the FSR of “A” (Excellent) …
Federal disaster assistance is available for farmers and orchard owners in 81 Illinois counties to help them recover from crop damage due to the April freeze, Gov. Rod Blagojevich recently announced. Blagojevich said the U.S. Department of Agriculture granted his …
Seventeen Oklahoma counties that were hit hard by tornadoes and flooding during a series of severe storms in May 2007 have been approved for federal disaster assistance, Gov. Brad Henry said. President Bush declared that a major disaster existed in …
Springdale, Ark.-based Tyson Fresh Meats Inc. on June 8 recalled more than 40,000 pounds of ground beef shipped to Wal-Mart stores in 12 states after samples tested at a Sherman, Texas, plant showed signs of E. coli contamination. No illnesses …
The judge in New Orleans who unsealed a federal whistle-blower case accusing insurance companies of overbilling the National Flood Insurance Program says the U.S. Department of Justice should get involved or explain why not. The case was brought by former …
Six people, including a Pharr-San Juan-Alamo (Texas) schools superintendent and two school board members, pleaded innocent on June 8 to a sweeping federal indictment alleging cash, trips, and gifts were swapped for votes on district construction and insurance contracts. Superintendent …
Do policy changes like deregulation and tort reform really matter? Some people wonder because the costs of over regulation or a legal system run amok are largely hidden. They are no less real than the costs of taxation, of course, …
Florida and Louisiana are hurricane-prone states with similar property insurance problems, but their governors are taking wildly different approaches to fixing the insurance headaches. Florida Gov. Charlie Crist, a Republican, has led that state’s push to increase government regulation of …
The director of the Missouri state Workers’ Compensation Division said Friday that she was forced to resign, though she believes she had “done a terrific job.” Pat Secrest submitted her resignation on Thursday June 7, a spokeswoman for the Department …
