A.M. Best Co. announced it has downgraded the financial strength rating to B+ (Good) from B++ (Good) and issuer credit ratings to “bbb-” from “bbb” of ILM Group (ILM) and its members, which include Indiana Lumbermens Mutual Insurance Co., Lone …
HealthSmart Holdings Inc., based in Dallas, Texas, has entered into a definitive agreement to acquire Wells Fargo Third Party Administrators Inc., the medical third party administration (TPA) business of Wells Fargo Insurance Services USA Inc. – part of Wells Fargo …
A Monmouth County, New Jersey, resident has been indicted for allegedly submitting a forged receipt in support of an insurance claim in an attempt to collect more than $24,000 to which he was not entitled. The indictment announcement was issued …
Independent reinsurance broker Holborn Corp. appointed Wesley Zeliff as vice president and Shinji Ueda as assistant vice president. Both new executives will be based in the firm’s New York headquarters. Zeliff comes from U.S. RE Corporation, where he served as …
Fatal on-the-job incidents in West Virginia more than doubled in 2010 compared to the previous year. The U.S. Bureau of Labor Statistics said 95 workers were killed in workplace incidents, up from 41 in 2009. It’s the highest total since …
West Virginia mine safety officials have ordered emergency inspections of up to 500 rescue shelters in the state’s underground coal mines. The Office of Miners Health, Safety and Training issued the order Friday. West Virginia mines are required to contain …
More than 3,000 insurance employees have stepped forward to get involved in more than 500 projects around the country for Volunteer Week, the Insurance Industry Charitable Foundation’s (IICF) event being held this week. During the eight-day industry-wide event that runs …
The toll of excessive drinking works out to about $2 per drink, in terms of medical expenses and other costs to society, according to a new federal research. The Centers for Disease Control and Prevention study calculated societal costs from …
As AutoOne auto insurance company transitions from one owner to another, employees can expect to face a number of changes, including some likely downsizing. AutoOne, with offices in Melville and Syracuse in New York State, is a high-risk personal auto …
In a copyright infringement case at the heart of media company battles to win Internet viewers, an appeals court grappled on Tuesday over whether to revive Viacom Inc.’s landmark $1 billion lawsuit against Google Inc.’s YouTube. Media conglomerate Viacom , …
