A Republican state senator in Ohio wants to prohibit the nation’s largest state-run injured worker insurance program from providing benefits to illegal immigrants, a change he said should lower business premiums. State Sen. Bill Seitz of Cincinnati said he was …
The New York State Insurance Department is proposing new regulations for no-fault auto insurance coverage in Empire State, in a move the state’s top regulator says will help reduce fraud. “We have to be vigilant in protecting the pocketbooks of …
The Alaska Supreme Court ruled a former prison guard at the Anchorage Jail deserves workers’ compensation for the psychological problems he suffered after being threatened by a convicted killer 15 years ago. The court referred Carl Kelly’s case back to …
Despite the complexities of the nation’s worst economic downturn in decades, some Louisiana-based companies are showing surprising growth. The state recently has seen its count of homegrown Fortune 500 companies sprout to three: power provider Entergy Corp., engineering-construction company The …
Texas-based risk management, executive compensation and benefits and corporate governance firm, NIP Inc., has acquired Retirement Capital Group (RCG), an executive compensation and benefit plan provider headquartered in San Diego, Calif. RCG, founded in 2002 by William MacDonald, has additional …
Marsh’s London office announced that it has launched a new errors and omissions (E&O) insurance product for the suppliers of lottery and gaming (gambling) organizations. The new product, created by Marsh’s Financial and Professional (FINPRO) Practice in London, is available …
The Hanalei community on Kauai was hit with 13 inches of rain in 24 hours last week, and bore the brunt of the storm’s flood damage. County officials say it will cost $500,000 to repair a pipeline that brings water …
The Bermuda-based Max Capital Group has appointed David Kalainoff as President of Reinsurance Operations. He joined Max in 2003, most recently serving as Managing Director Reinsurance and Executive Vice President and Chief Underwriting Officer, Casualty Reinsurance of Max Bermuda. Kalainoff …
The former bookkeeper for a Pittsburgh insurance agency has pleaded guilty to mail fraud for stealing more than $432,000 from the business. Federal prosecutors say 45-year-old Debrah Wenig, of Pittsburgh, was one of two people needed to sign checks for …
A.M. Best Co. has downgraded the issuer credit ratings (ICR) and senior debt ratings to “ccc” from “b-” of Canadian insurer Kingsway Financial Services Inc. (KFSI) and Kingsway America Inc. (KAI), which is based in Illinois. Best also downgraded the …
