A.M. Best Co. has commented that the financial strength rating (FSR) of ‘A-‘ (Excellent) and the issuer credit rating (ICR) of “a-” of Rockhill Insurance Company are unchanged following the announcement that Rockhill has signed a definitive agreement to acquire …
A.M. Best Co. has affirmed the financial strength rating of “A (Excellent) and the credit issuer rating of “a+” of Swiss-based Elvia Reiseversicherungs-Gesellschaft-AG (Elvia) and its US subsidiary, Jefferson Insurance Company of New York, with a stable outlook. “The affirmation …
Cameron, La., and Weirgate, Texas, have something in common: both are recovering slowly two years after Hurricane Rita blew through them in September 2005. According to Associated Press reports, nearly everyone in Cameron still lives in temporary housing and in …
California’s State Compensation Insurance Fund has terminated its relationship with Western Insurance Administrators (WIA), State Fund Spokeswoman Jennifer Vargen has confirmed. Based in Long Beach, Calif., WIA previously was the administrator for eight SCIF safety groups and touted it was …
Bloomington, Ill.-based State Farm Insurance recently honored exceptional women across the country during the Embrace Life Awards luncheon held in New York City. Each year the Awards recognize five remarkable women who have inspired others by doing extraordinary things despite …
Louisiana Workers’ Compensation Corporation (LWCC) has promoted Jamie Bourg to claims manager for the company’s large accounts team. According to the company’s announcement, Bourg will manage and direct the claims department, including claims handling and investigation, and return-to-work for injured …
Dan Lombino has been promoted to regional sales director for the Southern Region of Encompass Insurance. Part of the Allstate group of companies, Encompass provides insurance products through a network of independent agencies. Its Southern Region includes Arkansas, Kentucky, Louisiana, …
The Texas Department of Insurance Division of Workers’ Compensation has determined 7.66 percent to be the rate for any interest or discount provided for in workers’ compensation statute. The rate is effective Oct. 1, 2007, through Dec. 31, 2007. This …
The U.S. property/casualty insurance industry’s overall profitability as measured by its annualized rate of return on average policyholders’ surplus (or statutory net worth) slipped to 13.1 percent in first-half 2007 from 13.5 percent in first-half 2006 as underwriting results deteriorated. …
The Trump Taj Mahal Casino Resort has reached a $1.2 million settlement with a Philadelphia woman who claimed she was injured when the toilet she was sitting on broke away from the wall in her hotel room bathroom. Jean Ciocci, …
