Continuing its expansion of state advocacy, the National Association of Mutual Insurance Companies (NAMIC) has named Joe Thesing, formerly with the Ohio School Boards Association, to the position of State Advocate. Thesing will work on collaborations with state insurance trade …
Standard & Poor’s has lowered its counterparty credit and financial strength ratings on Traders Insurance Co. (Traders) to ‘Bpi’ from ‘BBpi’. “The rating action is based on the company’s weak and volatile operating performance, limited operating scope, and decline in …
Richard Swoy, chairman of Superior Access Insurance of Irvine, Calif. announced the addition of an “A++ XV” Superior A.M. Best rated carrier offering professional liability coverage nationally. Quotes are available on-line and applications can be downloaded on a 24-hour basis. …
Nebraska’s Department of Insurance (NDI) issued a statement indicating that due to “advancements in technology” it will be making substantial changes in the periodic on-site financial examinations it conducts of all of the state’s domestic insurance companies. The NDI bulletin …
Thirty-five states have adopted an approved Insurance Services Office (ISO) mold limitation for homeowners coverage, which allows insurers to exclude coverage for loss caused by mold and wet or dry rot, unless the conditions result from a covered peril. According …
L. Tim Wagner, Director of the Nebraska Department of Insurance, announced that he had issued an order on Friday placing Acceptance Insurance Company under supervision. Acceptance is the parent company of American Growers Insurance Co., the crop insurer that was …
The substantial variation in workers’ compensation medical fee schedules among the states is not related to the different costs health care providers incur delivering medical services to injured workers, according to a new study by the Workers Compensation Research Institute …
L. Tim Wagner, Director of the Nebraska Department of Insurance (NDI), and Ross J. Davidson, Jr., Administrator of USDA’s Risk Management Agency (RMA) announced the signing of a “Memorandum of Understanding” on Thursday, December 5, 2002 that established the responsibilities …
Tim Wagner, Director of the Nebraska Department of Insurance, announced that rates charged by the Nebraska Excess Liability Fund for excess medical professional liability insurance for doctors, hospitals and other health care providers will increase again this year. He indicated …
Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and financial strength ratings on American Growers Insurance Co. (AGIC) to ‘R’ from ‘CC’, and removed the company from CreditWatch following the order of supervision issued by …
