June 15, 2007
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 …
June 11, 2007
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 …
June 11, 2007
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 …
June 11, 2007
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 …
June 11, 2007
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 …
June 8, 2007
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 …
June 6, 2007
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 …
June 5, 2007
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 …
June 4, 2007
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 …
June 4, 2007
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 …