The North Dakota family of a 7-month-old boy killed in a rollover two years ago says a defective child safety seat caused the child to be ejected from the vehicle. Relatives of Isaac Eslinger are suing Ohio-based infant equipment manufacturer …
Two insurance adjusters employed by giant insurer American International Group say they have filed a collective action under the Federal Fair Labor Standards Act asserting that AIG intentionally misclassified hundreds of clerical employees as exempt from federal overtime requirements. The …
Standard & Poor’s Ratings Services has affirmed its ‘A+’ long-term counterparty credit and financial strength ratings on American Family Mutual Insurance Co. (AFMIC) and its wholly owned subsidiaries, American Family Insurance Co., American Standard Insurance Co. of Ohio, and American …
Standard & Poor’s Ratings Services has released a new report, which examines Taiwan’s P/C insurance sector. S&P said the general outlook is “stable, reflecting the likelihood of continued satisfactory profitability and capital strength, and appropriate reserving.” The article “Nonlife Insurance …
Boston-based catastrophe risk modeling company AIR Worldwide Corporation reported insured wind losses from Hurricane Humberto are unlikely to exceed $200 million. The estimate covers insured wind losses to property, contents, business interruption and additional living expenses for onshore properties. Air …
West Chester, Pa.-based Venture Insurance Programs named Michele Morrison as vice president of underwriting. Morrison will be responsible for the day-to-day oversight of Venture’s regional underwriting teams throughout the company’s industry-leading programs, as well as for training the company’s specialty …
Medical professional liability insurer Medical Protective announced it will reduce its average rates for Texas physicians by another 7.3 percent effective Jan. 1, 2008. The company said the reduction will be the fifth in the last three years, cumulatively reducing …
The Texas Department of Insurance Division of Workers’ Compensation announced that the workers’ compensation state average weekly wage for Fiscal Year 2008 is set at $712 and is effective for dates of injury from Oct.1, 2007 through Sept.30, 2008. The …
Travelers announced the availability of the IndustryEdge product for mid-sized fine dining and upscale casual dining restaurants. The suite of coverages provided in the IndustryEdge product include property, general liability, auto, workers compensation and excess liability. Additionally, industry-specific coverages including …
Salisbury, Md.-based Consumer Specialties Insurance Co. (CSI), a risk retention group serving chemical manufacturer and distributor members of the Consumer Specialty Products Association (CSPA), announced that it has extended the limits of its commercial general liability coverage from $5 million …
