The National Council on Compensation Insurance Inc. (NCCI) has recommended an average decrease of 7.6 percent for Nevada workers’ compensation insurance, due to reduced claims for workers’ compensation, which may be partly attributable to increased workplace safety. The proposed changes …
Insurance agents are pleased that the House of Representatives is paying attention to the estate tax but want lawmakers to seize the opportunity to reform the tax rather than simply extend current provisions. Yesterday, the U.S. House of Representatives passed …
Worcester, Mass.-based The Hanover Insurance Group Inc. announced that it has entered into a renewal rights agreement with OneBeacon Insurance Group as part of its goal to strengthen its competitive position and expand in western states. Through the agreement, The …
The Missouri Department of Insurance has announced the following changes to its division and section managers: Fred Heese was named director of the Division of Insurance Company Regulation. Heese has served as acting director of this division since May 2007. …
Bermuda-based Validus Holdings, Ltd. announced that its wholly owned subsidiary, Talbot Underwriting, Ltd., is expanding its presence in the international Construction and Engineering market with the appointments of Simon Wilcock and Patrick Bravery, both highly experienced underwriters who had formerly …
The Ohio Department of Insurance reports that auto insurance rates in that state have declined for the third consecutive year, according to the 2006/2007 Auto Insurance Database Report just released by the National Association of Insurance Commissioners (NAIC). In 2007, …
The UK’s Aviva plc announced that it has agreed to sell RAC France in a management buy-out backed by Finadvance SA, a French private equity investor. Aviva explained that “RAC France coordinates roadside assistance for RAC’s UK customers in Europe …
The Minnesota Department of Commerce has issued a $250,000 fine against Michael Antonello, an insurance agent the department previously accused of insurance fraud. It is the largest fine levied against an individual by the department in recent memory. Antonello’s agency …
Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on the core and guaranteed operating subsidiaries of the Swiss-based reinsurance group PARIS RE Group, including PARIS RE S.A. and PARIS RE Switzerland Ltd., …
After Missouri’s youngest drivers were told to quit sending cell phone text messages, lawmakers are going after everybody else. Several lawmakers have filed bills for the 2010 legislative session that starts Jan. 6 to ban all motorists from sending text …
