The Zurich Financial Services Group announced that it has obtained, through its subsidiaries, Zurich American Insurance Company and Zurich Insurance Company Ltd, a 3-year $225 million catastrophe excess of loss reinsurance protection from Lakeside Re II Ltd. to cover the …
A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and the issuer credit rating (ICR) of “aa” of South Korea’s Samsung Fire & Marine Insurance Co., Ltd. The …
Oregonians who have been laid off from their jobs can continue to receive help paying for health insurance into 2010. The Insurance Division of the Department of Consumer and Business Services is adopting emergency rules to ensure that eligible Oregonians …
California Insurance Commissioner Steve Poizner today announced that Rosa De Romero De Rosa (AKA Rosa D. Rosa), 53, of Huntington Park, was arrested Dec. 22 and faces one felony count of grand theft after allegedly taking a premium payment and …
A health insurance Web site intended to foster competition and reduce consumer costs by offering more choices on buying insurance plans isn’t working as lawmakers had hoped. The Utah Health Exchange was launched in August but in many cases, premiums …
The Tennessee Highway Patrol will set up more than 100 checkpoints across the state during the rest of the year to arrest impaired drivers and other violators. Highway Patrol Col. Mike Walker issued this warning: “If we catch you, we …
The Texas Department of Insurance Division of Workers’ Compensation has set the interest and discount rate for the first quarter of 2010 at 3.85 percent. The rate, effective from Jan. 1, 2010, through March 31, is computed using the treasury …
Fremont Michigan InsuraCorp Inc. a Michigan-exclusive property and casualty insurance carrier with headquarters in Fremont, Mich., has rejected an unsolicited proposal from the Steak n Shake Company seeking to acquire control of the company. Fremont said that after its board …
Nebraska – never seen as a key player with special needs in the health care debate – stands to reap millions of dollars worth of financial goodies should the Senate version of the health care bill get final approval. Not …
Among the many recommendations made by Louisiana’s Commission on Streamlining Government in its Dec. 14 report to the state legislature is one that would phase out the state’s property insurer of last resort. The commission advised that governance of Louisiana’s …
