Louisiana lawmakers have agreed to a $68 million, five-year contract to hire a Mandeville company to run much of the claims processing and management currently handled by the state’s Office of Risk Management. The risk management office is the state’s …
All Wisconsin drivers must carry auto liability insurance starting June 1, but it’s unclear how many will follow the law. Only about 15 percent of the state’s drivers are currently uninsured, which is roughly the same percentage as the national …
A.M. Best Co. has downgraded the financial strength rating to ‘A’ (Excellent) from’ A+’ (Superior) and issuer credit ratings to “a+” from “aa-” of Frankenmuth Insurance and its member companies, and has revised its outlook on the rating to stable …
A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Puerto Rico based Cooperativa Seguros Group and its operating member, Cooperativa …
Hub International has acquired a New England-based retail agency that specializes in property/casualty insurance and related risk management services for the health care industry. Risk Transfer Insurance Alliance (RTIA) is based in Southborough, Massachusetts — with additional offices in Shelton, …
Reinsurance pricing at the June 1, 2010 Florida renewal are down by 10 percent to 12 percent on average, on a year-over-year risk adjusted basis. That’s according to reinsurance intermediary Guy Carpenter & Co., which says the decline reflects a …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of RLI Group and its members. Best also affirmed the ICR of “a-” and debt rating of “a-” on $100 …
Standard & Poor’s Ratings Services has lowered its counterparty credit and financial strength ratings on the operating insurance companies of State Auto Group to ‘A-‘ from ‘A’. S&P also lowered its counterparty credit rating on State Auto Financial Corp. to …
A prominent organ-transplant hospital in New York wasn’t to blame for the death of a Singapore-born man who became riddled with cancer after getting a kidney from a donor who unknowingly had uterine cancer, jurors found Friday. The Queens jury …
West Virginia Sen. Jay Rockefeller is urging President Barack Obama to make several mine safety improvements immediately. In a letter dated Sunday, Rockefeller told Obama he should consider several suggestions made by relatives of the men killed in the explosion …
