The town of Middletown, Rhode Island agreed to settle a lawsuit that accused it of polluting prized state beaches by illegally discharging millions of gallons of sewage-laced wastewater. The town, located just north of Newport on Aquidneck Island, agreed to …
Workers’ compensation costs per claim for injured workers in Minnesota are among the lowest of 15 states, according to a new study by the Workers Compensation Research Institute (WCRI). The study by the Cambridge, Mass.-based WCRI found that total costs …
The Kansas Insurance Department (KID) reported that a former Kansas City-area insurance agent has been convicted on federal charges of insurance and mortgage fraud, and handed a 15-year jail term. Investigators from the KID Anti-fraud Division provided federal authorities with …
A.M. Best Co. has assigned a financial strength rating of B+ (Good) and an issuer credit rating of “bbb-” to Ellington Mutual Insurance Company (Ellington) of Hortonville, Wis. The outlook assigned to both ratings is stable. The ratings reflect Ellington’s …
Wall Street executives welcomed U.S. President Barack Obama’s plan to create jobs and a softening of his attack on banks, but questioned on Thursday whether proposals in his State of the Union address would become law. Obama pushed job creation …
Texas-based retail insurance and managing general agency, The Woodlands Financial Group Inc. (TWFG), has opened six additional branch locations. A new office in Houston is led by Jerome Magana, who has more than 17 years’ experience in the insurance industry. …
Californians for Fair Auto Insurance Rates has gained enough support to place a voter initiative on the June 8, 2010 ballot, aimed at rewarding drivers who have had insurance for some time to be eligible for a “persistency discount,” even …
Pendleton Memorial Methodist Hospital in New Orleans and its corporate parent have settled a wrongful-death lawsuit brought by the family of a 73-year-old woman who died after Hurricane Katrina left the hospital without electricity. Terms of the settlement with Althea …
Medical costs per workers’ compensation claim in Texas were stable in 2007, following several years of dramatic decreases, according to a new study by the Workers Compensation Research Institute (WCRI). The decline in costs resulted from the enactment of two …
A.M. Best Co. has upgraded the financial strength ratings (FSR) to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit ratings (ICR) to “a” from “a-” of Royal & Sun Alliance Insurance Company of Canada (RSA Canada), Quebec Assurance Company and …
