Arizona News

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Fire & Water Restoration Contractors Market Detail: USAssure Insurance Services Inc. offers a fire and …

Employers Direct Stops Writing Workers’ Comp Insurance in California

Citing the strain of escalating medical costs on the workers’ compensation system, increasingly intense price competition, and the uncertainty over the sustainability of the 2003-2004 legislative reforms due to recent Court decisions, Agoura Hills, Calif.-based Employers Direct has announced plans …

Continental Risk Insurance Offers Workers’ Comp Program

Continental Risk Insurance Services is now offering worker’s compensation coverage for hundreds of classes including contractors, manufacturers, and fitness clubs with a specialization in large accounts. Free help-line services are offered along with an in house claims and audit team. …

Arizona Department of Insurance Narrowly Missed Shutdown

Due to ongoing budget negotiations, Arizona’s Department of Insurance faced a potential shut-down on July 1, 2009. That meant the services the DOI provides, including customer service and licensing, would have been unavailable until operations resume, according to the Independent …

U.S. House Panel to Bring Homeowners Insurance Crisis Hearing to Florida

A subcommitee of the U.S. House of Representatives that is looking into trouble spots in the country’s homeowner insurance market is coming to Florida in July. House Financial Services Oversight and Investigations Subcommittee Chairman Rep. Dennis Moore, D.-Kan., announced that …

Ariz. Senate OKs ER Medical Malpractice Bill

The Arizona Senate has voted to make it harder to successfully sue emergency medical providers for alleged malpractice. The Senate’s 21-8 vote approving a bill to raise the required burden of proof for claims of negligent care sends the measure …

Texas Court Allows Legal Expense Claim in Asbestos Case to Continue

Fireman’s Fund Insurance Company (FFIC) has been denied a motion in a Texas state court that would have established that the company could control whether or not it would pay legal expenses in an asbestos-related case, according to the law …

Wisconsin’s Capitol Insurance Adds Commercial Auto Coverage

Capitol Insurance Companies (Capitol) based in Middleton, Wis., has launched a commercial automobile insurance product. The company said the product is available for appointed insurance agents and brokers through a newly designed online processing system that will allow them to …

Ratings Roundup: Plymouth Rock, American Sterling, Mercer, Iron Horse, Agrinational, Intrepid

A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit ratings of “a-” of Plymouth Rock Assurance Group (PRAC), which includes the operations of Plymouth Rock Assurance …

States Seek to Join Federal Probe Into AIG Bonuses, Alleged ‘Half Truths’

U.S. states probing employee bonuses paid by American International Group Inc. using taxpayer money plan to join federal investigators in the matter, while leaving open the possibility of pursuing the case themselves. Since March, a 19-state coalition has been investigating …