Yearly Archives: <span>2013</span>

West Virginia Lawsuit Pushes Mandatory Safety Devices in Coal Mines

Two West Virginia agencies should force coal operators to install detectors that automatically shut down mobile machinery in mines when people get too close, according to a lawsuit. Mountain State Justice lawyers filed an emergency petition last Friday with the …

Missouri Regulator Shaves Workers’ Compensation Loss Costs Hike to 10.1%

The Missouri Department of Insurance is recommending a 10.1 percent increase in workers’ compensation loss costs for next year, a lower increase than that suggested by the National Council on Compensation Insurance. The NCCI had recommended an 11.6 percent increase …

White House Rebranding Obamacare for ‘Young Invincibles’

Last summer, White House officials planning a nationwide push to urge young adults to enroll in new health insurance plans had a big problem: Polls showed that many young, healthy people who could be key to the success of the …

Ratings: Hamilton Re, ACR Re, Bahamas First, China Taiping (NZ), Peak Re, Solid

A.M. Best Co. has removed from under review with negative implications and affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Bermuda-based Hamilton Re, Ltd, formerly S.A.C. Re, Ltd., and has assigned a stable …

Best Affirms Cincinnati Financial and Subs Ratings; Outlook Stable

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of The Cincinnati Insurance Company, The Cincinnati Indemnity Company and The Cincinnati Casualty Company, collectively referred to as The Cincinnati …

U.K. Christmas Exodus Hampered as Storms Lash Railways, Airports

Storms that lashed southern England yesterday have closed dozens of railway lines, halted ferry sailings and left airports struggling to restore services as millions of Britons attempt to travel before Christmas. Ten U.K. rail operators reported major delays, according to …

ABI Exec Welcomes Government’s Insurance Growth Plan

As the UK government launches its insurance growth plan, Huw Evans, Deputy Director General of the Association of British Insurers commented: “The Insurance Growth Action Plan demonstrates how important the UK insurance industry is to the economy and wider society …

USI Appoints Senior Vice President of Personal Lines in New Jersey

USI Insurance Services announced today that James P. Kane will join the firm as senior vice president of personal lines effective Jan. 1, 2014. Kane will be responsible for USI’s nationwide personal insurance practice and will be located at the …

Arthur J. Gallagher Acquires McIntyre Risk Management in New Jersey

Arthur J. Gallagher & Co. announced its acquisition of McIntyre Risk Management LLC in Cherry Hill, New Jersey. Terms of the transaction were not disclosed. Established in 2002, McIntyre Risk Management is a retail insurance broker providing retail commercial property/casualty …

Arizona Insurance Council Elects 2014 Officers

The membership of the Arizona Insurance Council has elected its officers for 2014. AIC’s 2014 elected officers and the companies they represent are: President: Rick Jones, executive vice president of insurance operations and president of subsidiaries for SCF Arizona; Vice …