The Texas Department of Insurance, Division of Workers’ Compensation has set the workers’ comp interest/discount rate for the fourth quarter of 2015 at 3.96 percent. This rate is computed by using the treasury constant maturity rate for one-year treasury bills …
A.M. Best has revised the outlook to negative from stable and affirmed the financial strength rating of B+ (Good) and the issuer credit rating of “bbb-” of Greenpath Insurance Co. in Rancho Cordova, Calif. Greenpath provides non-standard auto insurance throughout …
Market conditions for UK non-life insurers are challenging as pricing remains weak across most business lines amid fierce competition, according to a new A.M. Best special report. Titled “UK Non-Life Earnings Under Pressure, In Spite of Legal Reforms,” the report said, first-half …
A report forecasts claims from two California wildfires last month will exceed $1 billion. Wildfires in 2015 have caused more damage and financial loss in the U.S. than in any other year since 2007, according to the report. Peak U.S. …
Mike Boerner, director of the actuarial office for the Texas Department of Insurance (TDI), is the 2015 recipient of the Robert J. Myers Public Service Award from the American Academy of Actuaries. The award will be presented at the Academy’s …
Halliburton is offering settlements to dozens of property owners after a chemical compound called ammonium perchlorate showed up in residents’ private wells. The company has offered settlements to 130 plaintiffs involving more than 80 properties in Duncan. As of Oct. …
A.M. Best has affirmed the financial strength rating of A+ (Superior) and the issuer credit rating of “aa-” while at the same time revising the outlook to negative from stable for Zurich Insurance Company Limited (ZIC) and some of its rated affiliates. ZIC …
A supplier of fast food and supermarket chicken is facing more than $1.4 million in fines this year for worker safety and health violations at Ohio facilities, including several that led a teenage worker to suffer the amputation of his …
Florida Insurance Commissioner Kevin M. McCarty has followed through on his promise to State Senator Jeff Brandes to investigate the National Flood Insurance Program’s (NFIP) rating practices of Florida insureds. In an Oct. 2 letter to Craig Fugate, administrator of …
JLT Re the global provider of reinsurance broking and consultancy, has appointed Eve Dartigues in Paris as a client manager. Dartigues started her career in aviation insurance at La Reunion Aerienne and in property catastrophe reinsurance at Liberty Specialty Markets …