A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Cayman Islands-based Eastern Re Ltd. S.P.C., both with stable outlooks. The ratings recognize Eastern Re’s “strategic affiliation with the holding company, …
Pennsylvania-based PMA Capital Corp. has been acquired by Old Republic International Corp. in a stock-swap transaction valued at around $365 million. The transaction is expected to close in the third quarter, pending approval by PMA’s shareholders, and regulators. PMA Capital …
Louisiana Attorney General Buddy Caldwell has filed a Petition for Discovery and Investigation against British Petroleum in state court in Plaquemines Parish. The petition alleges that BP has failed to cooperate and share important information with the state, specifically information …
A Salinas, Calif., chiropractor. Robert Ray Schreiner, 57, has been charged with 16 felony counts, including conspiring to deny injured workers their workers’ compensation benefits, filing fraudulent insurance claims and making false statements to an insurer, the California Department of …
California Insurance Commissioner Steve Poizner announced the arrest of Leticia James Coral, aka Letty James Diaz, 56, of Pacifica, Calif., on charges of fraudulently disbursing public money. The former San Francisco City and County Claims Examiner self-surrendered to San Francisco …
A.M. Best Co. has upgraded the financial strength rating to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit rating to “a” from “a-” of Bermuda-based Hatherley Insurance Ltd., both with stable outlooks. The ratings reflect Hatherley’s “strong risk-adjusted capitalization, excellent …
Chicago-based attorney Carrie E. Cope has moved her Regulatory and Compliance and Specialty Lines Claims practices – with an emphasis on directors and officers liability – to Schuyler, Roche & Crisham, P.C. Joining her in the move to Schuyler Roche …
San Antonio, Texas-based independent claims adjusting firm, IAS Claim Services, has named Paul C. Kottler as the firm’s new president. Kottler brings experience and recognition on a national and international level, building successful regions and divisions of claim service centers. …
The Idaho Department of Insurance has changed the Insurance Administrators chapter of the Idaho Insurance Code to bring Idaho into compliance with the National Association of Insurance Commissioners model act on third-party administrators (TPAs). Under the new law, all TPAs …
Colorado Workers’ Compensation Director Bob Summers announced that the Division will be holding the first annual Colorado Workers’ Compensation Educational Conference in Denver, Sept. 16-17, 2010. The conference will be held in cooperation with the International Workers’ Compensation Foundation. The …