A.M. Best Co. has affirmed the financial strength rating (FSR) of “A+” (Superior) and issuer credit ratings (ICR) of “aa-” of Los Angeles-based Mercury Casualty Group and its members. Best also affirmed the FSR of “A-” (Excellent) and ICRs of …
Gov. Mark Sanford called this year’s legislative session a success for South Carolinians even though only a few key proposals debated during the past five months will become law this year. Sanford praised bills designed to curb skyrocketing home insurance …
A meat supplier expanded a voluntary recall of ground beef products because they may be contaminated with E.coli. United Food Group LLC said in a statement it expanded the recall of 75,000 pounds of ground beef to include an additional …
Springdale, Ark.-based Tyson Fresh Meats Inc. on June 8 recalled more than 40,000 pounds of ground beef shipped to Wal-Mart stores in 12 states after samples tested at a Sherman, Texas, plant showed signs of E. coli contamination. No illnesses …
Seventeen Oklahoma counties that were hit hard by tornadoes and flooding during a series of severe storms in May 2007 have been approved for federal disaster assistance, Gov. Brad Henry said. President Bush declared that a major disaster existed in …
Legislation to give motorists a one-business-day grace period to produce their auto insurance card if asked to do so by a police officer has been approved by the Rhode Island Senate and House of Representatives and is headed to the …
Okla. Gov. Brad Henry has signed a bill expanding a small business health insurance program. On June 4, Henry signed House Bill 1225, which targets working Oklahomans by expanding Insure Oklahoma, a program that helps small businesses provide health insurance …
The Texas Department of Insurance and Commissioner of Workers’ Compensation Albert Betts are hosting the 59th Annual Southern Association of Workers’ Compensation Administrators (SAWCA) Convention on July 14-18, 2007, in Austin. Insurance carriers, health care providers, employers and employee organizations …
Declarations If they can do it “Forty-nine other states feel comfortable with their departments of insurance regulating ratemaking.” — Louisiana Sen. Julie Quinn, R-Metairie. The Senate passed a Quinn-sponsored bill that would eliminate the Louisiana Insurance Rating Commission and transfer …
Outbreak Extra Expense Nuts & Bolts: American Underwriting Managers is now offering a product designed to provide businesses with insurance coverage in the event that their business operations are suspended by a public health official due to a covered contagion …
