Minnesota’s Commerce Commissioner has issued a rate order approving a 2.6 percent increase in the overall level of the assigned risk rates for workers’ compensation insurance. The increase is effective April 1, 2009, according to the Minnesota Workers’ Compensation Insurers …
A veteran Edmond firefighter is due workers’ compensation benefits after being diagnosed with colon cancer, the Oklahoma Court of Appeals has ruled. The court upheld the ruling of the Workers’ Compensation Court in awarding benefits to Timothy K. Vernon, who …
Insurers Can Weather Global Financial Crisis Buyers that aren’t buying; houses that aren’t selling, banks that aren’t lending — sound familiar? But in this case it’s the United Kingdom that we’re talking about, not the United States. However, one thing …
Aon has issued a warning from its London office to UK companies, which indicates that they may “face new insurance claim burdens in 2009 with fraud on the increase and spiraling legal fees.” Aon also said that, “new environmental threats, …
Standard & Poor’s Ratings Services announced that it has raised its counterparty credit rating on Warren, N.J.-based Chubb Corp. to ‘A+’ from ‘A’, “to reflect reduced notching between the operating group and the holding company.” S&P also affirmed its ‘AA’ …
A Michigan–based Christian rights group has filed suit against the federal government claiming the government’s loan to insurance giant American International Group (AIG) is illegal because AIG has financial products that the group claims promote Islam and are anti-Christian. The …
The International Union of Marine Insurance has issued a bulletin warning of a dangerous new trend in the ongoing Middle East piracy attacks. “The recent attempts by Somali pirates to hijack cruise ships in the Gulf of Aden has added …
In his keynote address to the UK’s Association of Insurance and Risk Managers (AIRMIC) Joe Plumeri, Chairman and CEO of Willis Group Holdings, said that risk managers have never been more important than they are today in helping their companies …
Foreign companies in India are reassessing their security to cope with changing threats after the three-day rampage and siege by Islamist militants in Mumbai last week, risk consultants said on Friday. Foreigners appear to have been a target for 10 …
Hiscox Ltd., an international specialist insurer, announced that it is expanding its US business and refocusing its reinsurance portfolio to take full advantage of market opportunities. The Group also noted that its ratings have been upgraded by Standard & Poor’s …
