Standard & Poor's said today it assigned its 'R' financial strength rating to Alistar Insurance Co. after learning that the California Department of Insurance applied for and was granted a conservation order for this company by the Fresno County Superior Court.
The Conservation and Liquida...Read More
American International Group Inc. (NYSE:AIG) yesterday said it has requested an investigation by the New York Stock Exchange and the Securities Exchange Commission into apparent surge of short-selling that sent its stock down significantly between 10 and 11:30 a.m., April 22.
Mounting evidence of the effects of the Sept. 11 terrorist attacks on the cost and availability of property/casualty (P/C) insurance was provided in a report released today by the Extreme Events Committee, American Academy of Actuaries. The Academy is the public policy organization representing all ...Read More
The terrorism of Sept. 11 has spawned a new and more flexible way of looking at risk for insurers and risk managers -- and is giving a boost to new risk management alternatives to traditional insurance.
Greg Berg, head of enterprise risk at The Hartford Financial Services Group (NYSE: HIG)...Read More
The American Insurance Association (AIA), American International Companies and Liberty Mutual Insurance Company have filed an appeal with the California Board of Equalization (BOE), the state's highest tax policy entity, challenging recent efforts by the California Department of Insurance (Departmen...Read More
With cost containment an elusive goal and health care costs skyrocketing, Dr. Michael Minehart announced to the California Applicant Attorneys Association LAVAAA Chapter meeting Wednesday night his intention to include CT scanning at no additional expense to workers...Read More
The American Insurance Association (AIA) today applauded the U.S. Department of Labor (DOL) for its just-announced strategy to reduce ergonomic-related workplace injuries. The guidelines, unveiled by the Occupational Safety and Health Administration (OSHA) yesterday, do not require mandated compensa...Read More
A bill sponsored by Maine Governor Angus King would balance the needs of seriously injured workers with manageable costs for the business community, according to the American Insurance Association (AIA).
'The Governor's bill would reverse the court decision Kotch v. American Protective Serv...Read More
According to the American Insurance Association (AIA), the California Office of Administrative Law (OAL) has accepted its request to review the California Department of Insurance's (CDI) recent retroactive premium tax notice. This notice, sent to workers' compensation insurers on February 25, 2002, ...Read More