A.M. Best Co. announced it has upgraded the financial strength rating (FSR) to “A-” (Excellent) from “B++” (Good) and assigned an issuer credit rating (ICR) of “a-” to Wisconsin Mutual Insurance Company of Madison, Wis. The outlook for the FSR …
Deaths from traffic crashes in Arkansas slightly increased last year, as the nationwide average dropped, new federal statistics show. The National Highway and Traffic Safety Administration recorded 665 fatal crashes in 2006 in Arkansas, up from 654 in 2005. Nationwide, …
A Portage, Ind., woman who had pleaded guilty to stealing $250,000 in life insurance money after her son died in Iraq was scheduled to be sentenced on Aug. 17. Janie Lee Espinoza’s son, Army Spc. Roy Buckley, died April 22, …
A large number of people who bought flood insurance after the devastating 2005 hurricane season have not renewed their policies, according to Federal Emergency Management Agency figures. About 100,000 new flood insurance policies were sold in Louisiana after hurricanes Katrina …
The Professional Insurance Agents (PIA) of Arkansas named Progressive’s Arkansas claims unit as the 2007 “Claims Department of the Year” following a vote by the more than 250 independent insurance agency members in the state. More than 70 claims representatives …
John Fleming has been appointed vice president and director of Business Development and Marketing for Dallas-based independent insurance claims services firm Cunningham Lindsey U.S. (CLUS), the company announced. Fleming, a 35 year veteran of the industry, has spent the past …
Enforcement actions taken by Texas Insurance Commissioner Mike Geeslin that became final during June resulted in nearly $191,000 in fines and restitution, the Texas Department of Insurance announced. The actions include seven license revocations, two license denials and fines and …
Wearing a bright green protest button, American Tort Reform Association president Sherman “Tiger” Joyce last Tuesday evening joined small business advocates in denouncing the now notorious multimillion-dollar lawsuit, Pearson v. Chung, brought by an administrative law judge against a Washington, …
Florida opened a 200,000 square-foot warehouse and joint command center last week for disaster response, which will hold millions worth of stockpiled commodities. The warehouse, located in an industrial park not far from the Orange County jail, is a former …
The New York State Workers’ Compensation Board reports it has ordered two businesses to close immediately for failing to comply with workers’ compensation laws. This is the second set of closures ordered under the workers’ compensation reform initiative Gov. Eliot …
