U.S. Senator Dianne Feinstein (D-Calif.) joined Senators Arlen Specter (R-Pa.), Patrick Leahy (D-Vt.), Orrin Hatch (R-Utah), at a news conference recently to discuss bipartisan legislation creating a national trust fund to compensate victims for asbestos disease. Under this legislation, the …
Standard & Poor’s Ratings Services announced that it has affirmed its “BBB+” insurer financial strength ratings on two subsidiaries of French reinsurer SCOR: Bermuda-based Commercial Risk Reinsurance Co. Ltd. and Vermont-domiciled Commercial Risk Re-Insurance Co. (collectively, CRP). S&P then withdrew …
Insurance, Recovery Services and Preventive Measures One in 23 adults can expect to be victimized this year by identity thieves, at a cost to Americans of more than $50 billion. That’s according to the 2005 Identity Fraud Survey Report from …
The Vermont Senate has approved a bill that would make seed manufacturers rather than farmers liable for damages from genetically modified crops. The measure is designed to help farmers recover losses from the accidental spread of genetically modified crops, supporters …
How do you convince overworked state prosecutors to chase down often stale-sounding insurance swindles when their case files already are bulging with high-profile crimes such as drugs, robbery and murder? Insurance-fraud laws are great motivators: State prosecutors can convict con …
A.M. Best Co. has downgraded the financial strength ratings to B- (Fair) from B (Fair) and the issuer credit ratings to “bb-” from “bb” of Commercial Risk Reinsurance Company Limited (Hamilton, Bermuda) and its U.S. subsidiary, Commercial Risk Re-Insurance Company …
The Connecticut House passed legislation Wednesday that would make Connecticut the second state to establish same-sex civil unions, and the first to do it without a court order. Addressing concerns raised by Gov. M. Jodi Rell, the House amended the …
More than a dozen insurance companies have dropped their support of the proposed $140 billion federal trust fund meant to pay claims stemming from asbestos lawsuits, telling Congress it should instead work to establish standard medical criteria for such cases. …
The largest writer of medical malpractice insurance in Massachusetts said it will not have to raise rates this year, after several years of double-digit hikes. ProMutual Group credited “improved financial strength” and “innovative patient safety initiatives that are having a …
The Vermont Senate last week gave preliminary approval to a bill that would make seed manufacturers rather than farmers liable for damages from genetically modified crops. As the measure heads for a final vote, an amendment is expected to be …
