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A.M. Best Upgrades Farm Bureau County Mutual Insurance Co. of Texas

A.M. Best Co. has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and issuer credit rating to “a” from “a-” for Farm Bureau County Mutual Insurance Company of Texas (County Mutual). These ratings have been removed from …

Bill Would Extend Nebraska Workers’ Comp Benefits for First Responders

Physical, on-the-job injuries someday might not be the only types of injuries that could qualify Nebraska first responders for workers’ compensation. On Jan 7, a state lawmaker introduced a bill (LB780) that would allow first responders to emergencies who get …

Pan-American Life Creates Pan-American Benefits Solutions

New Oreleans-based Pan-American Life Insurance Group announced the launch of its new member company, Pan-American Benefits Solutions Inc. Pan-American Benefits Solutions is a provider of group benefit programs that offer solutions for the pressures of rising medical insurance costs in …

New South Bend, Indiana, Cell Phone Ban Yields Few Tickets

Efforts to ban the use of cell phones while driving in South Bend, Ind., school zones aren’t yielding many violations. Records from the city clerk’s office show 13 of the tickets, which carry $75 fines, were written between August and …

State Farm Seeking 19.1 Percent Statewide Rate Hike in Louisiana

State Farm Fire and Casualty Co., Louisiana’s largest homeowners insurer, has asked insurance regulators for a rate increase that would average 19.1 percent statewide with coastal residents taking the brunt. The Louisiana Department of Insurance will consider the request, which …

Best Reports Reinsurers See Orderly, but Soft, January Renewals

January renewals showed signs of softening as reinsurers benefited from improved financial markets plus a lack of natural catastrophe claims in 2009, according to the latest issue of BestWeek U.S./Canada. The three largest global reinsurance brokers — Aon Benfield, Guy …

Fenster Named Director of New York Workers’ Comp Board

Jeffrey R. Fenster has been appointed executive director of the New York Workers’ Compensation Board. Prior to joining the board, Fenster served as a litigation associate with the New York law firm of Stroock & Stroock & Lavan, where he …

Arc Legal Dominates Irish Motorcycle Market with AXA Ireland Deal

Arc Legal Assistance (Arc Legal), the official legal expenses provider, now provides Motor Legal Expenses Insurance (MLEI) to 90 percent of insured motorcycles in Ireland following its appointment by AXA Insurance Ireland as provider on all its motor bike policies. …

Louisiana Parish President Quits Amid Federal Probe with Insurance Ties

Jefferson Parish President Aaron Broussard, a Democrat who rose from small-city mayor to lead Louisiana’s most populous parish, has resigned as federal officials investigated alleged corruption in parish government. His resignation preceded that of Tim Whitmer, who quit as Jefferson’s …

Marsh Names Macey-Dare Leader Int’l. Political Risk, Structured Credit

Marsh has appointed Julian Macey-Dare as International Leader of its Political Risk and Structured Credit Practice, based in London. He will “drive new business opportunities for Marsh’s Political Risk and Structured Credit Practice globally outside of the US and oversee …

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