While the billions of cicadas that are currently invading the Eastern and Southern U.S. may be grabbing the headlines, entomologists have issued a warning that an insect plague with potentially far more serious consequences may be in the offing. Favorable …
Illinois-based RLI Corp.’s rating for its principal insurance subsidiaries was upgraded to A+ (Superior) by A. M. Best Company. The financial rating service lauded RLI for continuing “to take advantage of market opportunities as evidenced by its strong growth (via …
New Jersey Attorney General Peter Harvey announced that an Essex County physician and his fiancé/office manager have pleaded guilty to Health Care Claims Fraud for submitting more than $2,6000 in fraudulent bills to an insurance carrier for medical services that …
The Property Casualty Insurers Association of America has issued a bulletin pointing to a weekend of destructive storms in the Midwest, as proof of the “need for an immediate reauthorization of the National Flood Insurance Program (NFIP).” The storms and …
The AIG Companies announced the implementation of “iClaims,” described as “a document management imaging technology that electronically scans and routes all claim documents to the appropriate specialist, in their Primary Claims’ workers’ compensation offices.” The technology expedites claims management using …
Standard & Poor’s Ratings Services announced that it has affirmed its ‘A+’ counterparty credit and financial strength ratings on Australia’s QBE Reinsurance Corp. (QBE Re) and QBE Insurance Corp. (QBEIC). S&P noted that the ratings of both companies are based …
A.M. Best Co. announced that it has affirmed the financial strength rating of” B++” (Very Good) of Germany’s Schwarzmeer und Ostsee Versicherungs- (Sovag) ). The outlook remains stable. “The rating reflects Sovag’s consistent and selective underwriting, resulting in a relatively …
Rhode Island Governor Donald L. Carcieri has unveiled a new media campaign aimed at lead paint mitigation. The Lead Hazard Mitigation Law, which takes effect July 1, requires that all owners of rental properties built before 1978 meet the following …
In May, Georgia’s Board of Workers’ Compensation Safety Committee was honored at a luncheon sponsored by Gov. Sonny Perdue, to celebrate winning the Governor’s Safety Award. Due to the efforts of the Board’s Safety Committee and all of the employees …
A.M. Best Co. has affirmed the financial strength ratings of B+ (Very Good) of American Physicians Assurance Corporation (APA) and its subsidiary, APSpecialty Insurance Corporation (APSpecialty). Additionally, A.M. Best has affirmed the financial strength rating of B- (Fair) of Insurance …