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11, 2015
A.M. Best Downgrades Georgia-Based Century Casualty Co.
A.M. Best has downgraded the financial strength rating (FSR) to B (Fair) from B+ (Good) and the issuer credit rating (ICR) to “bb+” from “bbb-” of Century Casualty Co. based in Alpharetta, Ga. The outlook for the FSR has been …
19
11, 2015
R.I. Insurance Superintendent Torti to Leave Post, Join Fairfax Financial
Rhode Island Superintendent of Banking and Insurance Joseph Torti III will leave his post at the end of the year and join Fairfax Financial as vice president of Regulatory Affairs. Torti was appointed associate director and superintendent of Insurance for …
17
11, 2015
Wanted by U.S.: Monitor for Takata Air Bag Recall
U.S. auto safety regulators this week invited outside companies and individuals to apply for the job of independent monitor for the massive recall of Takata Corp air bag inflators. In a Web posting, the National Highway Traffic Safety Administration set …
19
11, 2015
Maryland Issues Bulletin on Commercial Policy Cancellation Notices
Property/casualty insurers writing commercial policies in Maryland are no longer required to file for approval the cancellation or nonrewal notices they send out to insureds, according to a bulletin from the Maryland Insurance Administration. “With certain exceptions, Maryland law requires …
17
11, 2015
Wisconsin Assembly Set to Pass Self-Insurance Oversight Bill
The Legislature’s budget-writing committee would have to approve any contract moving Wisconsin public workers into a self-insurance model under a bill up for approval in the state Assembly. The measure being debated on Nov. 16 comes as Gov. Scott Walker’s …
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11, 2015
UT Dallas Recruits Industry Execs for Risk, Insurance Advisory Group
Debra Richardson, director of a new University of Texas at Dallas concentration in risk management and insurance (RMI), plans to have students in that area equipped to fill some of 400,000 industry vacancies anticipated by 2020. And to ensure that …
17
11, 2015
California DMV’s Pedestrian Pace on Self-Driving Car Rules Makes Google Antsy
Hustling to bring cars that drive themselves to a road near you, Google finds itself somewhere that has frustrated many before: Waiting on the California Department of Motor Vehicles. The tech titan wants the freedom to give the public access …
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11, 2015
Indiana Workers’ Comp Claim Payments Rose Quickly Through 2013
Medical payments per workers’ compensation claim in Indiana were higher and rising faster than in most states examined in a recent study by the Workers Compensation Research Institute (WCRI). The report, CompScope Medical Benchmarks for Indiana, 16th Edition, covers the …
17
11, 2015
BKS-Partners Adds Former Thompson to Insurance Team in Florida
Florida-Based Baldwin Krystyn Sherman Partners (BKS-Partners), an independent insurance brokerage firm, has appointed former Tampa Bay Rays Outfielder, Rich Thompson, as Commercial Risk and Employee Benefits advisor. Prior to joining BKS, Rich served as an audit senior associate with KPMG. …
18
11, 2015
Fabors Elected President of Texas Surplus Lines Association
The Texas Surplus Lines Association Inc. elected new officers and directors at its 60th annual meeting held Nov. 9 in Austin. The new officers are: President Shawn Fabors, managing director, AmWINS Program Underwriters Inc., Dallas Vice President Teri Brinson, executive …