The workers’ compensation market is seeing encouraging signs. Premiums grew for the second consecutive year, the combined ratio declined and claim frequency continued to improve at a pace slightly greater than its long-term historic rate of decline. In 2012, the …
A.M. Best Co. said it has revised the outlook to “negative” from “stable” and affirmed the financial strength rating of B+ (Good) and issuer credit rating of “bbb-” of Grange Mutual Fire Insurance Company(Troy, Penn.). A.M. Best said the revised …
New York’s top financial and insurance regulator on Wednesday ordered the peer-to-peer car-sharing service firm RelayRides to cease and desist what the regulators called the company’s “repeated false advertising and violations of insurance law, which are putting the public at …
Michelle Mesina has been appointed executive vice president of human resources at Chicago-based Ryan Specialty Group LLC (RSG). Mesina has 15 years of experience in the area of human resources. She has been with RSG since June 2010 in the …
A.I.M. Mutual Insurance Companies has promoted Mike Standing to be the company’s new president, effective June 1.Standing joined A.I.M Mutual as vice president in August 2012, with a focus on market and product development as well as broad-based project management. …
A judge has slashed a landmark $240 million verdict to $1.6 million for 32 mentally disabled workers in Iowa who suffered years of abuse by their caretakers. U.S. Senior Judge Charles Wolle entered judgment against Henry’s Turkey Service of Goldthwaite, …
Japan’s nuclear watchdog announced Wednesday that the nation’s trouble-plagued next-generation test reactor will not be allowed to restart due to safety violations, dealing a setback to the country’s pro-nuclear government. The Nuclear Regulation Authority’s decision is the latest blow to …
Insurance companies will pay $600,000 to a former officer who sued the Sophia Police Department over claims he was harassed and fired because he is black, Mayor Danny Barr said. That payout is more than the small West Virginia town’s …
Two Wisconsin congressmen are proposing changes to the nation’s crop insurance program that they say will save the federal government $11 billion over the next 10 years. Democratic Rep. Ron Kind and Republican Rep. Tom Petri announced their plan on …
Mullis Newby Hurst LP (MNH), based in Addison, Texas, has promoted John W. Newby to president and chief operating officer. Newby began his career with MNH in 2002, as executive vice president and partner. Prior to that, he was the …
