The Main Street America Group launched its new Main Line Business Owners Policy (BOP) property and liability product. The insurer also launched Main Street Station for commercial lines quoting and policy issuance system in Maine, Rhode Island, Vermont and South …
Workers’ compensation costs per claim for injured workers in Minnesota are among the lowest of 15 states, according to a new study by the Workers Compensation Research Institute (WCRI). The study by the Cambridge, Mass.-based WCRI found that total costs …
The costs per all paid workers’ compensation insurance claims in Louisiana averaged 35 percent higher than the typical study state, according to a Massachusetts-based research group that studies workers’ comp. In its “CompScopeBenchmarks for Louisiana, 10th Edition,” the Workers Compensation …
Medical costs per workers’ compensation claim in Texas were stable in 2007, following several years of dramatic decreases, according to a new study by the Workers Compensation Research Institute (WCRI). The decline in costs resulted from the enactment of two …
A.M. Best Co. has assigned a financial strength rating of B+ (Good) and an issuer credit rating of “bbb-” to Ellington Mutual Insurance Company (Ellington) of Hortonville, Wis. The outlook assigned to both ratings is stable. The ratings reflect Ellington’s …
A hospital that performed America’s first face transplant has told the family of a woman mauled and blinded by a chimpanzee a year ago that she is not a candidate for a face and hand transplant. Charla Nash’s family is …
A.M. Best Co. announced it has downgraded the financial strength rating (FSR) to B++ (Good) from A- (Excellent) and issuer credit rating (ICR) to “bbb+” from “a-” of Michigan Millers Mutual Insurance Company (Michigan Millers) of Lansing, Mich. The outlook …
American International Group Inc. has given employees of its Financial Products unit until Tuesday to accept a cut in money owed them under a retention plan in return for an earlier payout, according to proposals obtained by Reuters Monday. The …
Spitale Insurance Agency of Baltic, Connecticut has joined the Satellite Agency Network Group Inc. (SAN Group) Agency Prinicipal Erin Spitale said she joined the SAN Group as a way “to remain an independent agency while representing the buyer in multiple …
Chartis expanded its XSEnhanced commercial umbrella program to include the retail industry. XSEnhanced Retail is the second product in the XSEnhanced suite of industry-specific commercial umbrella coverages developed by Chartis’ Excess Casualty Division. XSEnhanced Retail coverage highlights include: An expanded …
