Workers’ compensation costs per claim in Massachusetts grew for the third straight year, according to a new study by the Workers Compensation Research Institute (WCRI). The study by the Cambridge, Mass.-based WCRI found that workers’ compensation costs per claim increased …
Workers’ compensation costs per claim in Illinois are increasing rapidly, driven by higher medical costs per claim and greater use of medical services to treat injured workers, according to the Workers Compensation Research Institute (WCRI). The study of 12 states, …
A.M. Best Co. announced that it has affirmed the financial strength rating of A- (Excellent) of U.K.-based Sunderland Marine Mutual Insurance Company Ltd. (SMMI) with a stable outlook. “The rating reflects continuing improvement in the company’s risk-adjusted capital position, strong …
Benfield Group Limited, the world’s leading independent reinsurance intermediary, announced the sale of Wildnet Group Limited, a subsidiary providing technology solutions to the insurance and reinsurance industry, to a consortium of private investors and current management of the company. The …
Marsh & McLennan Companies, Inc. reported financial results for the quarter ended March 31, 2004. Consolidated revenues increased 13 percent to $3.2 billion from $2.9 billion in the first quarter of 2003. Net income rose to $446 million, and earnings …
Standard & Poor’s Ratings Services announced that it has revised the rating outlook on Australian insurer AMP Ltd.’s key operating subsidiaries and holding company to stable from negative. S&P also said it has affirmed the “A+” insurer financial strength and …
Insurance Australia Group Ltd. (IAG) chief executive Michael Hawker warned that global warming seems to be leading to an increased incidence of high-cost storms and floods in Australia and New Zealand. Hawker made the remarks in a speech to the …
Dan Pettigrew Caliber Collision Centers, which operates collision repair facilities in California and Texas, named Dan Pettigrew as executive vice president of Operations. In this position, Pettigrew assumes responsibility for the oversight of all center operations in California and Texas, …
Standard & Poor’s Ratings Services announced that it has revised the rating outlook on Promina Group Ltd. to positive from stable, and affirmed the holding company’s “A-” long-term counterparty credit rating. S&P also indicated that it has affirmed the long-term …
RGL – Forensic Accountants & Consultants, a forensic accounting firm, announced the opening of the firm’s newest offices in Boston and Las Vegas. Including these offices, RGL has opened seven new offices throughout the world – five in the U.S., …
