July 15, 2005
The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) is urging employers and workers to take appropriate safety measures to avoid injury and illnesses associated with the recovery and cleanup efforts following hurricanes. The potential for fatal accidents …
July 15, 2005
A.M. Best Co. has affirmed the financial strength ratings of A+ (Superior) and assigned issuer credit ratings (ICR) of “aa-” to the Hartford Insurance Pool (The Pool) and its members. Concurrently, A.M. Best has assigned an ICR of “a-” to …
July 15, 2005
Editor’s Note: Since first publishing this report, Insurance Journal has learned that Vahe K. Hagopian plead guilty to an infraction of practicing shorthand without a license and was sentenced to pay a fine of $1,000. All other charges were dismissed. …
July 15, 2005
Rhode Island Gov. Donald Carcieri has vetoed a bill that would have permitted the state’s largest workers compensation insurer, Beacon Mutual, to restructure and expand into other states. Carcieri blasted the legislation as “insider legislation” that would dramatically change the …
July 15, 2005
First lady Nancy Freudenthal says a law allowing insurance companies to withhold coverage for injuries resulting from drug or alcohol use should be repealed. Because of the law, she said, doctors and nurses are less likely to ask about or …
July 15, 2005
Agents in Georgia have been contacting the Professional Insurance Agents of Georgia to discuss requests to make alternations to Georgia Certificates of Insurance. Jerry W. Duke, PIA of Georgia executive vice president has just warned members that making alterations to …
July 15, 2005
Lower increases in premiums, better communication between insurers and policyholders and a reduction in the number of businesses denied cover are among the key improvements identified by the OFT in its follow-up study of the UK liability insurance markets. In …
July 15, 2005
Jim Drawert, vice president and chief underwriting officer for The Republic Group, was presented the Raymond Mauk Leadership Award on July 14, at the Insurance Council of Texas’ 13th Annual Mid-Year Property and Casualty Symposium. Drawert becomes the eighth recipient …
July 15, 2005
The Louisiana Department of Insurance will hold its 4th annual Property and Casualty Form and Rate Filing Seminar on Thursday, Sept. 22, at the Hyatt Regency, Poydras at Loyola Avenue, in New Orleans. The seminar will assist members of the …
July 15, 2005
Texas Mutual Insurance Company announced a group dividend to the Lone Star Energy (LSE) purchasing group today totaling $49,948. This marks the first time LSE has earned a Texas Mutual purchasing group dividend. Group dividends are separate from the $50 …