Catastrophe modeling firm AIR Worldwide’s initial estimates for insured losses from Tropical Storm Talas are between JPY 12 billion ($150 million) and JPY 46 billion ($600 million). Talas is the season’s 12th named storm, the seventh severe tropical storm and …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings of ‘a+’ of UK-based Markel International Insurance Company Limited (MIICL) and Lloyd’s Syndicate 3000. The outlook for all of the …
A.M. Best Europe – Rating Services Ltd. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of ‘aa’ of Germany’s Allianz Societas Europaea (Allianz SE) and a number of its key subsidiaries. The outlook …
French reinsurer SCOR confirmed the targets of its strategic plan -‘Strong Momentum’ – at its annual Investors’ Day, held on Wednesday in Paris. An updated version of the ‘Strong Momentum’ plan, first established in 2010, “has been prepared to take …
It’s a busy time of year for the National Hurricane Center in Miami. The NHC is currently following one hurricane – Katia, and two tropical storms – Maria and Nate. Katia is following the previously forecast track between the east …
New York chiropractors don’t like the new medical treatment guidelines adopted last December by the New York State Workers’ Compensation Board. These changes focus on the treatment for the mid- and low-back, neck, shoulder and knees. The state’s main chiropractic …
Two employers can be held jointly responsible for workers’ compensation benefits for an injured worker whom they both classified as an independent contractor, a Massachusetts appeals court has ruled. The Massachusetts Appeals Court said the case presented the first appellate …
The White House estimated this week that Hurricane Irene will cost federal taxpayers $1.5 billion in disaster relief, further ballooning a government account that was already the focus of fresh partisan friction between President Barack Obama and Congress. The preliminary …
Dennis A. Vanek has been appointed as chief of the internal audit division at the Ohio Bureau of Workers’ Compensation (BWC). Vanek most recently served as director of global audit services for Expedia, Inc. in Bellevue, Wash., where he was …
City officials in Arlington, Texas, have settled a lawsuit for $25,000 after a police officer mistakenly used a Taser twice while pursuing the wrong man. The Fort Worth Star-Telegram reports that the lawsuit stemmed from the March police pursuit of …
