Standard & Poor’s Ratings Services announced that it has revised its outlook on Sompo Japan Insurance Co. of America (SJA; A+/Stable/–) to stable from negative. S&P said the “outlook revision followed Standard & Poor’s revision of its outlook on SJA’s …
Eighty percent of the leading commercial property/casualty insurance brokers say the federal Terrorism Risk Insurance Act (TRIA) should be extended when it expires at the end of 2005, according to a survey released today by the Council of Insurance Agents …
Standard & Poor’s has affirmed its ‘AAA’ counterparty credit rating on American International Group Inc. and its ratings on various AIG operating companies. Standard & Poor’s also said that the outlook on all these companies is stable. “The ratings on …
New Jersey Attorney General Peter Harvey announced that a Bergen County man has been ordered to reimburse the states’ heath insurance provider thousands of dollars after pleading guilty to creating a phony business group to fraudulently purchase group health insurance …
The U.S. Department of Labor has filed settlement agreements providing for restitution of $4.875 million to 12 pension and welfare plans in California, Nevada and Utah that invested plan assets in reported risky private placement schemes with Capital Consultants LLC. …
California-based PAULA Financial reported net income for the fourth quarter of 2003 of $0.08 per share compared to $0.03 per shares for the 2002 period. Total revenue for the fourth quarter of 2003 was $5.2 million compared to $4.0 million …
Superintendent of Insurance Gregory V. Serio announced that Chris Perry, a former star on the Buffalo Destroyers arena football team, has been arrested in California on grand theft charges.Perry, who began collecting New York workers’ compensation benefits following a career-ending …
With strong backing from Democrats and one Republican, the New Jersey Senate passed (22-15) legislation to provide doctors with an estimated $26 million each year for the next three years to help them pay for malpractice insurance and assist hospitals …
Houston-based HCC Insurance Holdings Inc. announced its 31st consecutive quarterly cash dividend. The company reported that its Board of Directors declared a regular quarterly cash dividend of $0.0750 per share on the company’s shares of $1.00 par value common stock. …
Oklahoma State Senate President Pro Tempore Cal Hobson announced the Senate Judiciary Committee will not hear House Bill 2619, which addresses the state’s workers’ compensation system. Without a hearing in the committee, the measure is effectively dead. According to the …