The U.S Department of Homeland Security’s Federal Emergency Management Agency (FEMA) urges Hurricane Katrina survivors who registered for disaster assistance to complete and return the loan application they received from the U.S. Small Business Administration (SBA). An SBA disaster loan …
A.M. Best Co. has completed its assessment of the U.S. commercial market and is extending its negative outlook for 2006. As a consequence, A.M. Best anticipates that there will be few rating upgrades or positive rating outlooks assigned in 2006 …
Chicago attorneys Steven Levin and Jeffrey Martin reported they recovered $2.9 million in a settlement on behalf of a baby girl whose shoulder reportedly became stuck during childbirth. The doctors applied too much pressure to extract the infant, causing nerve …
A.M. Best Co. has downgraded the financial strength rating to B++ (Very Good) from A- (Excellent) and the issuer credit ratings (ICR) to “bbb” from “a-” for the reinsurance subsidiaries of the PXRE Group Ltd. The rating actions apply to …
The Kentucky Department of Insurance reported that recent Kentucky court actions indicate judges are increasingly handing out stiff sentences for insurance fraud-related crimes. “We hope the word is getting out that insurance fraud will not be tolerated in Kentucky,” said …
Ohio Insurance Director Ann Womer Benjamin was elected secretary of the Midwestern Zone section of the National Association of Insurance Commissioners (NAIC) during its winter meeting in Chicago. Womer Benjamin was elected to the leadership position by her peers in …
Fireman’s Fund Insurance Company is in the process of adding 190 new jobs, including 145 new claims professional positions, to its existing operations in Earth City, near St. Louis. As part of the company’s expansion, a new national customer sales …
During a visit to Dublin, Ohio this week, President Bush pitched his plan for making health care more accessible by creating tax breaks for health savings accounts to fast food chain Wendy’s employees . Opponents, however, say the accounts merely …
Jim Donelon became Louisiana’s Commissioner of Insurance on Feb. 16 following the retirement of Robert Wooley, the Louisiana Department of Insurance reported. Donelon previously served as the Department’s Executive Counsel and Chief Deputy Commissioner. “I am honored to serve as …
Hoping to reduce the number of uninsured Oklahomans, a state House of Representatives committee voted to provide financial incentives to businesses that contribute to employee health insurance premiums. House Bill 2463, by State Rep. Ann Coody, would provide an income …
