Louisiana Gov. Bobby Jindal has signed one law imposing new restrictions on drivers in his state and another is awaiting his signature. In addition, Jindal has agreed to repeal an increase in drivers license fees that was enacted earlier this …
A.M. Best Co. has downgraded the financial strength rating (FSR) to B- (Fair) from B (Fair) and issuer credit ratings (ICR) to “bb-” from “bb+” of Affirmative Insurance Group and its members. A.M. Best also downgraded the ICR to “ccc+” …
The owner of an apartment complex in Upstate New York has been arrested for fraud in connection with his failure to provide workers’ compensation insurance for an employee who was raped and murdered in 2007. Douglas Kelly was arrested following …
The Northeastern New York Chapter of the Chartered Property Casualty Underwriters Society has elected Laura M. Kelly as its president. Kelly is director of Best Practice Compliance/Insurance Industry Liaison at Goldberg Segalla. Other officers elected for 2010-2011 are: Vice President …
A softening casualty market, strong company earnings, and a quiet catastrophe season resulted in the reinsurance industry enjoying, in 2009, one of its most profitable underwriting years in nearly a decade. Today, reinsurers must continue to push-back on multi-year deals …
An accident at a natural gas well in northern Pennsylvania injured two workers who were flown to a hospital for treatment, state officials said. Tioga County Emergency Management Agency Coordinator Dennis Colegrove said what he called an “industrial accident” happened …
A parent’s signature doesn’t waive the legal rights of a child who is hurt at play, the Michigan Supreme Court said in a decision that has consequences for businesses, schools and other groups offering recreation activities for minors. The court …
A Maine couple shouldn’t receive $11 million from Mitsubishi Motors for the 2004 death of their son, the Fourth District Court of Appeals ruled last week. In a 2-1 ruling, the appeals court threw out the 2008 jury verdict, saying …
Two Kanawha County agencies have decided not to use a state-created insurance program for workers’ compensation coverage. Both have told BrickStreet Mutual Insurance Co. that its proposed rates have prompted them to take their business elsewhere. State lawmakers created BrickStreet …
British energy giant BP Plc is planning to raise $50 billion to cover the cost of the Gulf of Mexico oil spill, while the head of a $20 billion fund to compensate victims of the accident vowed Sunday that eligible …
