A new report released by the Florida Office of Insurance Regulation concludes the state’s workers’ compensation insurance market is competitive. The report, based on data from 2008, shows the Florida market features 251 entities writing workers’ compensation insurance — 246 …
A.M. Best Co. has affirmed the financial strength rating of ‘B-‘ (Fair) and the issuer credit rating of “bb-” of Russia’s OJSC Transsiberian Reinsurance Corporation (Transsib Re), both with positive outlooks. The ratings reflect Transsib Re’s “good business position, weak …
U.S. Risk Insurance Group Inc., based in Dallas, Texas, has expanded into the specialty reinsurance brokerage marketplace. Goss Reinsurance Brokers Inc. will operate as a specialty reinsurance broker for medium to small insurance carriers, captives, self-insurance funds, risk retention groups, …
North Dakota Insurance Commissioner Adam Hamm has revoked the insurance license of Patricia Howard, a Dunn Center, N.D., insurance agent who the insurance department says engaged in deceitful and dishonest practices against her insurance clients. The revocation bars Howard from …
Former employees of Tulsa, Okla.-based Arrow Trucking Co. have sued the company after it suddenly suspended operations and laid off workers. The federal lawsuit claims Arrow violated laws that govern mass layoffs and business closures. Philadelphia attorney Charles Ercole, who …
Construction crews never get completely used to working outside in the bitter cold. “About all you can do is dress for it,” said Kevin Bikowski, superintendent for Miron Construction at its Plexus building site downtown. “Hopefully, you can get out …
Ohio Department of Insurance Director Mary Jo Hudson announced that on average Ohioans paid slightly more for homeowners insurance in 2007 than in 2006, according to a report issued by the National Association of Insurance Commissioners (NAIC). Ohio’s homeowners insurance …
Insurers contributed $30.1 billion to California’s gross state product in 2007, accounting for about 2 percent of the state’s gross domestic product, according to a new report written by the Insurance Information Institute. California has a $1.85 trillion economy that …
Oregon is enhancing the death benefits available to surviving family members when a worker has a fatality, by expanding the scope of the burial benefit and doubling it to 20 times the state average weekly wage; creating a new benefit …
The Arizona Insurance Council (AIC) has elected new officers for 2010. New officers are: President Brett Clausen, Arizona business unit vice president for Farm Bureau Financial Services; Vice President Kerry Hayden, government affairs representative for Farmers Insurance Group; Treasurer Tim …
