Arkansas has one of the lowest workers’ compensation premium rates in the nation, at $1.18 per $100 of payroll, according to a new study conducted by the Oregon Department of Consumer and Business Services. Oklahoma and Texas rank among the …
A.M. Best’s analysts don’t expect to see much change in premium levels in the near future, nor do they expect to see significant changes in rating levels. “We expect the rates to remain stable, and to show some decline in …
Tuesday’s elections could have ramifications for a number of state insurance commissioner posts across the country. Nationwide, 11 commissioners are directly elected but there are only four such elections tomorrow; the rest of commissioners are appointed, most by governors or …
A massive storm making its way through a big chunk of the United States brought a bit of everything: strong winds, rain, tornadoes and now even some snow for parts of the Midwest. The storm packed wind gusts of up …
The National Association of Insurance Commissioners (NAIC) elected Florida Commissioner Kevin McCarty to be president-elect effective Jan. 1, 2011 at its recent meeting in Orlando. McCarty served as vice president of the NAIC during 2010. It remains to be seen …
A.M. Best Co. has upgraded the financial strength rating of Pacific Pioneer Insurance Co. to “B++” from “B+,” and issuer credit rating to “bbb” from “bbb-.” The outlook for both ratings is stable, according to the rating agency. A.M. Best …
The Oklahoma Employment Security Commission reports that in September, Oklahoma’s seasonally adjusted unemployment rate dropped by one-tenth of a percentage point to 6.9 percent for the month. The national unemployment rate held steady at 9.6 percent in September. The September …
A lawyer representing 10,000 ground zero workers suing New York City over their exposure to World Trade Center dust said earlier this month that 75 percent have signed a settlement resolving their claims and most of the rest have indicated …
As John Lennon and Paul McCartney could tell you, sometimes you just need a little help from your friends. And in the insurance agency business – where building relationships are key to success – that friend often is more than …
IMS, London American Risk Specialists IMS Insurance Market Solutions acquired Houston-based London American Risk Specialists Inc. effective Sept. 1, 2010. The combined entity will become IMS/London American and will be one of the largest independent multi-line managing general agencies in …
