News

Best Affirms Ratings of Hartford Steam Boiler Group’s Members

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and the issuer credit ratings (ICR) of “aa+” of the members of The Hartford Steam Boiler Group (HSB). In addition A.M. Best Europe – Rating Services Limited …

Oklahoma City Firm to Receive $113M Insurance Payment from Blast

Oklahoma City-based LSB Industries Inc. will get a $113 million insurance payment after a May 2012 explosion damaged one of its chemical plants in south Arkansas. No one was injured in the blast at the El Dorado Chemical Co. plant …

ISU Francis-Pinney Names Bone Advisor in Northern California

ISU Francis-Pinney Insurance Services Inc. named Tom Bone to the title of risk insurance advisor. Bone will continue to work with his existing clients and develop new relationships with employers, and he will lead a team of specialists in various …

USGS: Quakes in Central Oklahoma Here to Stay

Prague, a central Oklahoma town of 2,400, claims two things as its own: Olympian Jim Thorpe and an annual kolache festival that honors its Czech heritage every May. Some locals here say the place should be known for a third: …

Hyperion Group Subsidiary DUAL to Acquire PGI Commercial

The London-based Hyperion Insurance Group, an international insurance intermediary, announced its intention to expand its underwriting agency business in the U.S. through the acquisition, by its subsidiary DUAL, also based in London, of PGI Commercial, a property/casualty program manager headquartered …

Louisiana Insurance Companies Stonewall on Enrollee Data

The three main companies offering health insurance plans to Louisiana residents on the federally run online health marketplace have refused to say how many people have been able to sign up for coverage. The marketplace offers health insurance options for …

Minnesota’s Allina Health Notifies 3K Patients of Privacy Breach

Allina Health in Minnesota is notifying thousands of patients that a medical assistant at its Inver Grove Heights clinic viewed their medical records without authorization. The Minneapolis-based hospital and clinic system is notifying 3,800 patients of the privacy breach by …

Illinois Workers’ Compensation Medical Care Costs Declining: WCRI

The costs of medical care to treat injured workers in Illinois are declining, the result of regulatory change enacted in 2011, according to a new study by the Workers Compensation Research Institute (WCRI). The report, Benchmarks for Illinois, CompScope 14th …

Coverys to Acquire Ohio Medical Professional Liability Insurance Firm

FinCor Holdings Inc., a member of Coverys which is based in Boston, has agreed to acquire OHA Holdings Inc. and its wholly-owned subsidiary OHA Insurance Solutions (OHAIS), located in Columbus, Ohio. Coverys provides medical professional liability insurance for healthcare professionals. …

N.Y. Announces Protocol for Insurers to Follow During Future Severe Storms

New York Governor Andrew Cuomo announced today that his administration has established a new emergency disaster protocol that insurers should expect to follow in the event of future severe storms and other natural disasters. The emergency disaster protocol includes a …

News Archives by Month