In recognition of May’s “Safe Jobs for Youth Month, the Washington Department of Labor and Industries (L&I) is reminding employers to provide safe workplaces for young workers, particularly as the summer hiring season nears. On average, 79 young workers are …
Standard & Poor’s Ratings Services has lowered its counterparty credit and senior unsecured debt ratings on Los Angeles-based Mercury General Corp. to ‘BBB+’ from ‘A-‘. S&P also lowered its counterparty credit and financial strength ratings on Mercury Casualty Co. and …
Heggeness, Sweet, Simington & Patrico, a San Diego-based workers’ compensation defense firm and Mentz, Finn & McDowell, a San Francisco-based workers’ comp defense firm, have announced an agreement to combine operations as of June 1, 2010. HSSP provides employers, insurers …
The investigation into a series of explosions at a gun and ammunition manufacturing plant in far northern New Hampshire that killed two people has led to one machine, the state’s fire marshal said Saturday. Bill Degnan said that the investigation …
Woodland Hills, Calif.-based Zenith National Insurance Corp. announced it has commenced a consent solicitation relating to the 8.55 percent Capital Securities of Zenith National Insurance Capital Trust I, which holds as its sole assets the 8.55 percent Subordinated Deferrable Interest …
America is emerging from a deep recession caused by financial messes on Wall Street, but Dr. J. David Rogers says the Federal Reserve is still being bankrupted by natural disasters. “The National Flood Insurance Program was bankrupted by Katrina and …
After significant catastrophe losses in first quarter 2010, U.S. property/casualty insurers and global reinsurers are hoping their balance sheets don’t face further financial risks, even as conditions appear ripe for the upcoming hurricane season to be potentially as active as …
To alleviate concerns about homeowner under-insurance, the California Department of Insurance has proposed regulations governing standards and training for estimating replacement value on homeowners’ insurance. CDI hosted a hearing to garner feedback on the regulations on May 17 in Los …
Ronald Polkey, a sun-weathered shrimp boat captain from the Louisiana resort and fishing hub of Grand Isle, La., should be out on the water working his nets to bring in a day’s catch. But with most of the region’s shrimping …
The chorus urging Florida Gov. Charlie Crist to sign an omnibus property insurance measure passed by the Legislature is growing. One of the state’s leading consumer advocates, Walter Dartland, of the Consumer Federation of the Southeast, has joined Insurance Commissioner …
