A.M. Best Co. has revised the outlook to stable from negative and affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of the New Jersey-based Mercer Insurance Group. The ratings also apply to the …
The House of Representatives has passed another temporary extension of the National Flood Insurance Program until Sept. 30, 2010. The program has been suspended from issuing new policies since May 31. Reauthorization provisions have been embedded in controversial legislation on …
An Arizona wildfirethat has burned 14,000 acres and incurred $1.8 million in claims to date might be the first example of the fire risks the Western United States are facing in 2010. But, the National Interagency Coordination Center expects fire …
When Shannon Wiegert bought the new, bright red golf cart for scooting around car shows, he didn’t think to ask about safety features on the slow-moving vehicle. And when his little girl begged his older daughter for rides around the …
Temporary disability outcomes in California’s $8 billion workers’ compensation system have continued to improve since the enactment of 2004 reform legislation, new research from the California Workers’ Compensation Institute reports. Ongoing reductions were noted in both the cost and duration …
Visalia, Calif.-based insurance agency Buckman-Mitchell Inc. has promoted Brent Swanson to president and chief operating officer, and Judy Fussel to president and chief operating officer of Buckman-Mitchell Financial & Insurance Services, the employee benefit department of Buckman-Mitchell Inc. Swanson was …
Insurers are issuing catastrophe bonds again to complement traditional and cheaper reinsurance and to spread the risks in buying protection against events that could cost them tens of billions of dollars in claims. The nascent cat bond market froze for …
An uninsured motorist is not entitled to recover non-economic damages for negligence, a California Court of Appeal ruled. According to Teckla Chude v. Jack in the Box Inc., Teckla Chude went through a drive through at Jack in the Box …
U.S. Risk Insurance Group Inc. named Julie Sylim a vice president and branch manager for the company’s Oakland, Calif., office. Julie has more than 20 years of insurance experience, most recently in the wholesale arena. She previously was the underwriting …
Birmingham, Ala,-based CRC Insurance Services Inc., the wholesale insurance subsidiary of BB&T, has signed an agreement with TB&C Wholesale Insurance Services to combine two of the California offices of both companies. The combined offices will operate as CRC Insurance Services …
