Montana State Fund said its workers’ compensation insurance rates are going down by an average of 4 percent. The fund, which provides the insurance to more than 28,000 employers around the state, says the rate decrease will go into effect …
Nighttime driving is becoming more hazardous for American teenagers and the likely cause is talking and texting on cell phones while operating a vehicle, according to a study released May 6. The report by the Texas Transportation Institute said the …
Salon & Spa Specialty Insurance (SASSI), a division of the Brownyard Group that serves the beauty industry, announced that it is offering new rates for its general liability coverage in New York. SASSI specializes in liability coverage for the beauty …
A renewal rights agreement and its growing specialty lines business helped The Hanover see a 62 percent, first quarter jump in profits to $41.8 million, up from $25.8 million in the year-ago period. “It was a difficult weather quarter for …
Bermuda-based Flagstone Reinsurance Holdings Limited joined a number of reinsurers with diminished results for the first quarter of 2010. The Company reported net operating income of $12.1 million, compared to $31.3 million in Q1, 2009, a 61.4 percent drop. However, …
The California Department of Insurance (CDI) had begun an effort to assess the validity of the claims data used by Anthem Blue Cross to justify future rate filings. “As Anthem readies its new rate filing, I have directed auditors at …
Bermuda-based PartnerRe Ltd. reported net income of $79.7 million, or $0.85 per share on a fully diluted basis for the first quarter of 2010; the figure includes net after-tax realized and unrealized gains on investments of $110.6 million, or $1.33 …
Laws enacted in the just-concluded 2010 Hawaii legislative session will increase insurance costs and possibly affect premiums for Hawaii consumers and businesses, the Property Casualty Insurers Association of America said. “Hawaii is facing difficult state budget problems, and we realize …
Britain’s opposition Conservatives became the biggest party in parliament on Friday in a bitterly fought election, but were set to fall short of a majority, leaving it unclear who would run the country. British asset prices crumbled as the prospect …
National fire officials say northwest Wyoming could see more wildfires this summer after a season of light snowfall. The National Interagency Fire Center said the light winter in the region means drier fuels in the summer that could increase wildfire …
