Puerto Rico News

Ratings Recap: AXIS, Groupama (notes), Newport Bonding

Standard & Poor’s Ratings Services announced that “there’s no impact on the ratings on Bermuda-based insurance and reinsurance holding company AXIS Capital Holdings Ltd. (A-/Stable/—) and related operating subsidiaries (collectively referred to as AXIS) following a recent announcement from AXIS.” …

Georgia Man Wins $9 Million Injury Lawsuit

An Ellenwood man has been awarded more than $9 million by a DeKalb County jury after suffering permanent scarring to his genitals following treatments for erectile dysfunction. John Henry Howard was awarded $750,000 in compensatory damages and $8.5 million in …

States Give a ‘Thumbs Up’ to Fingerprinting Insurance Producers

Regulators Say Fingerprinting Keeps Criminals Out of the Business Don’t be alarmed, but there are convicted criminals roaming around the country acting as insurance producers. They could be robbers, forgers, possibly even rapists. They got their producer licenses in states …

States Give a ‘Thumbs Up’ to Fingerprinting Insurance Producers

Regulators Say Fingerprinting Keeps Criminals Out of the Business Don’t be alarmed, but there are convicted criminals roaming around the country acting as insurance producers. They could be robbers, forgers, possibly even rapists. They got their producer licenses in states …

States Give a ‘Thumbs Up’ to Fingerprinting Insurance Producers

Regulators Say Fingerprinting Keeps Criminals Out of the Business Don’t be alarmed, but there are convicted criminals roaming around the country acting as insurance producers. They could be robbers, forgers, possibly even rapists. They got their producer licenses in states …

What to Know About Red Flags, Notification Laws and the Hi Tech Act

Data breaches have hit an all time high and with that have been a dramatic increase in new data security and privacy laws and regulations. Both state and federal regulations have been in place for several years with regards to …

Ratings Recap: Grupo Nacional, BEST RE, Triple-S, Arab Re, Int’l. Energy, Asian Re

A. M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Mexico’s Grupo Nacional Provincial, S. A.(GNP). Best said the “ratings reflect GNP’s …

Text: Senate Finance Committee’s America’s Healthy Future Act of 2009

Chairman’s Mark America’s Healthy Future Act of 2009 Scheduled for Markup By the Senate Committee on Finance On September 22, 2009 America’s Healthy Future Act of 2009 TITLE I—HEALTH CARE COVERAGE SUBTITLE A—INSURANCE MARKET REFORMS SUBTITLE B—EXCHANGE AND CONSUMER ASSISTANCE …

States Give a ‘Thumbs Up’ to Fingerprinting Insurance Producers

Regulators Say Fingerprinting Keeps Criminals Out of the Business Don’t be alarmed, but there are convicted criminals roaming around the country acting as insurance producers. They could be robbers, forgers, possibly even rapists. They got their producer licenses in states …

Rates, Claim Frequency Still Declining in Workers’ Comp; Medical Costs Rise

States Are Not Equal in Handling Worker Injuries Prices for workers’ compensation insurance in the United States declined in 2008 and, in general, that trend is likely to continue in throughout 2009, according to the National Council on Compensation Insurance …