A.M. Best Co. has assigned a financial strength rating of ‘A’ (Excellent) and an issuer credit rating of “a” to Bermuda-based Starr Insurance & Reinsurance Limited (SIRL), an indirect wholly owned subsidiary of Panama-based Starr International Company, Inc. (SICO), a …
The Texas Department of Insurance Division of Workers’ Compensation reported that the workers’ compensation interest/discount rate for Jan. 1, 2009, through March 31, 2009, will be 3.95 percent. The interest/discount rate for the quarter ending Dec. 31, 2008, is 5.22 …
A new electronic system to verify automobile insurance in Oklahoma is operational, but not yet reliable. A law passed in 2006 takes effect Jan. 1, 2009, allowing law enforcement agencies and tag agents to check for up-to-date automobile insurance electronically …
A veteran Edmond firefighter is due workers’ compensation benefits after being diagnosed with colon cancer, the Oklahoma Court of Appeals has ruled. The court upheld the ruling of the Workers’ Compensation Court in awarding benefits to Timothy K. Vernon, who …
Short Hills, New Jersey-based insurance agency Bollinger Inc. has acquired BK International Insurance Brokers of Greenwich, Connecticut. The acquisition is the second this month and the fourth this quarter for Bollinger, which is one of the largest insurance agencies in …
Insurers are making increased use of economic capital modeling in the Enterprise Risk Management (ERM) process and it is starting to influence their strategic decisions. According to Stephen Lowe, managing director, Towers Perrin, insurance companies continue to make progress integrating …
A construction worker is dead after falling about 50 feet while working at a Pittsburgh condominium construction site. Authorities say 40-year-old Scott Oswald died at Allegheny General Hospital less than an hour after falling from the Keystone Lofts building about …
A.M. Best Co. has affirmed the financial strength rating (FSR) of A++ (Superior) and issuer credit ratings (ICR) of “aa+” of the Chubb Group of Insurance Companies and its P/C members. Best also affirmed the ICR and senior debt ratings …
New Hampshire Attorney General Kelly Ayotte is warning consumers to beware of an insurance scam reported in the Midwest. Ayotte says consumers reported getting calls from scammers claiming there was a problem with the consumers’ auto insurance payment. The scammer …
A.M. Best Co. has removed from under review with negative implications and affirmed the financial strength ratings of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of the key life/health (Hartford Life) and property/casualty (Hartford Insurance Pool) insurance subsidiaries …
