The North Carolina House of Representatives has approved changes to rules governing workers’ compensation claims. The House chamber voted Tuesday in support of a consensus bill whose chief sponsor said came together after weeks of negotiations with groups representing employers, …
Premiums for new federal health insurance plans that cover high-risk people with pre-existing conditions will drop by as much as 40 percent, federal health regulators said Tuesday. The government also will begin paying brokers and agents for connecting people with …
A Massachusetts jury has found that Phillip Morris Inc. was not responsible for the death of a longtime smoker whose family claimed the company’s cigarettes could have been made safer. The Worcester Superior Court jury returned its verdict Thursday after …
The South Bay(California) Chapter of the National Association of Insurance Women (International) elected its officers for the 2011-2012 term, beginning July 1. President Gina Thomas Patterson, marine account manager with Roanoke Trade Services Inc. in Long Beach, Calif., was elected …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Platinum Underwriters Bermuda, Ltd. and its strategic affiliate Platinum Underwriters Reinsurance, Inc. Best also affirmed the ICR of “bbb” …
ACE Limited announced from its Zurich headquarters that Eugene B. Shanks, Jr. and Michael P. Connors have been elected to its Board of Directors by the company’s shareholders at the Company’s Annual General Meeting held on May 18, 2011. Shanks …
Intact Financial Corp has agreed to buy the Canadian arm of AXA Group for C$2.6 billion ($2.684 billion) in cash in a move that will boost its premiums by more than 40 percent and diversify its product mix. The deal …
Swiss Re announced that it will acquire approximately 300,000 policies and £1.6 billion [$2.62 billon] in assets from American Life Insurance Company. The transaction reinforces Swiss Re’s “commitment to strengthening its Admin Re® market presence,” said the bulletin. It has …
Aon Benfield’s Analytics’ Market Analysis team has launched its latest Lloyd’s Update report, covering the market’s financial performance in 2010 and business position in 2011. Key findings contained in the report were summarized as follows: • Lloyd’s reported a 43 …
