May 21– A longtime Minneapolis federal judge suggested in a ruling this week that the Legislature should consider defining snowmobiles as motor vehicles to allow accident victims to collect damages from uninsured riders. Earlier this week, U.S. District Court Judge John Tunheim reinforced that long-standing definition in a case involving a 2011 injury…
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Research and Markets has announced the addition of the ” Non-Life Insurance in Thailand, Key Trends and Opportunities to 2018″ report to their offering. Rising vehicle sales and mandatory motor third-party insurance supported the growth of motor insurance during the review period. The Thai non-life insurance segment is moderately concentrated, with the 10…
May 22– DANVILLE– A year ago today, a freak hail storm pummeled Marietta Morris' roof and skylights with golf ball-sized chunks of ice as it blew across Montour County and left untold millions of dollars in damage in its wake. Insurance companies, contractors and auto repair shops spent months working on claims following the storm, with one insurance agent saying…
Fitch Ratings has affirmed GCO Education Loan Funding Master Trust- II senior, subordinate and junior subordinate notes at' AAAsf',' Asf' and' BBBsf', respectively. The credit quality of the trust collateral is high, in Fitch's opinion, based on the guarantees provided by the transaction's eligible guarantors and reinsurance provided by the U.S. Department of…
GRAND RAPIDS, Mich., May 22, 2015/ PRNewswire-USNewswire/– Late Thursday, members of the United Food and Commercial Workers Union Local 951 working at the JBS slaughterhouse and meat packing facility in Plainwell, MI overwhelmingly voted to ratify a new contract that includes significant wage increases and other gains. “This is a very good contract that will put…
A.M. Best has revised the outlook to negative from stable and affirmed the financial strength rating of A- and the issuer credit ratings of“ a-” of Maxum Indemnity Company and its wholly owned subsidiary, Maxum Casualty Insurance Company, which participate in an intercompany reinsurance pooling agreement, collectively referred to as Maxum Specialty Insurance…
The National Association of Subrogation Professionals has commissioned Accenture to conduct the association’ s annual benchmarking research, which is designed to help insurers improve subrogation practices. The individualized reports will be available only to survey participants and will be maintained by Accenture to ensure the confidentiality of…
–Collision repair shops that have earned Gold Class ® recognition from I-CAR ® are producing significant cost savings for consumers and insurance companies, according to a new I-CAR white paper detailing the Q1 2015 Enterprise Rent-A-Car Length of Rental report. Enterprise serves the $35 billion collision-repair industry, comprising over 34,000…
Financial Implication of Proposed Legislation on Hospital Reimbursement for the Injured Drunk Driver
The state of Michigan currently has no-fault automobile insurance with personal injury protection, providing anyone injured in motor vehicle collisions with unlimited medical and rehabilitation benefits and lost wage recovery. The sum of total charges for injured drunk drivers totaled $5.2 million. THE STATE OF MICHIGAN is one of 12 states with “nofault”…
Most up-to-date research on ” Personal Accident and Health Insurance in Malaysia, Key Trends and Opportunities to 2018″ to its huge collection of research reports.Albany, NY—- 05/22/2015–' Personal Accident and Health Insurance in the Malaysia, Key Trends and Opportunities to 2018' report provides in-depth market analysis, information and insights into the…
Memorial Day weekend is typically considered the beginning of vacation season, so Amica Insurance is offering some tips to help promote safe travel. According to estimates from the National Safety Council, there will be 383 traffic fatalities this Memorial Day weekend. About Amica Insurance Amica Mutual Insurance Co., the nation's oldest mutual insurer of…
The rule also extends some provisions, which are applicable to Medicare- participating providers, to Medicare- participating suppliers subject to certification requirements, and clarifies the definition of “immediate jeopardy.” EFFECTIVE DATE: This final rule is effective on July 21, 2015. Cindy Melanson, 786-0310 or Patricia Chmielewski, 786-6899..
A.M. Best has affirmed the financial strength rating of A and the issuer credit rating of“ a+” of Amlin AG, the FSR of A+ and the ICR of“ aa-” of Lloyd’ s Syndicate 2001, which is managed by Amlin Underwriting Limited, and the ICR of“ a-” of Amlin plc, the non-operating holding company of the Amlin group of companies. Stand-alone risk-adjusted capitalisation of Amlin AG remains at…
A.M. Best has affirmed the financial strength rating of A and the issuer credit rating of“ a+” of Amlin AG, the FSR of A+ and the ICR of“ aa-” of Lloyd’ s Syndicate 2001, which is managed by Amlin Underwriting Limited, and the ICR of“ a-” of Amlin plc, the non-operating holding company of the Amlin group of companies. Stand-alone risk-adjusted capitalisation of Amlin AG remains at…
A.M. Best has affirmed the financial strength rating of A and the issuer credit rating of“ a+” of Amlin AG, the FSR of A+ and the ICR of“ aa-” of Lloyd’ s Syndicate 2001, which is managed by Amlin Underwriting Limited, and the ICR of“ a-” of Amlin plc, the non-operating holding company of the Amlin group of companies. Stand-alone risk-adjusted capitalisation of Amlin AG remains at…
WOOSTER– Based on the latest state numbers, there are nearly 4,200 Wayne County residents receiving Medicaid benefits due to Gov. While Kasich went on record to his opposition with parts of President Barack Obama's Affordable Care Act, he supported Medicaid expansion in order to provide health care benefits to those in need. In Holmes County, the number of…
ASHLAND– Carl M. Phillips, 85, of Ashland, entered his heavenly home early Wednesday morning, May 20, 2015, and was reunited with his loving wife, Pauline, and their son, Brian Wayne Phillips. He was born in northern Ashland County June 29, 1929, to the late Oscar and Hortense Phillips, and had been a resident of Ashland his entire life. He was a member of Ashland County…
–OnSource, the platform that connects insurance companies with third-party vehicle and property photo inspections via smart phone apps, has recently partnered with Smart Picture Technologies to improve the speed and accuracy of collecting and recording measurements, right from the photo. “Smart Picture has created powerful solutions in the home…
–OnSource, the platform that connects insurance companies with third-party vehicle and property photo inspections via smart phone apps, has recently partnered with Smart Picture Technologies to improve the speed and accuracy of collecting and recording measurements, right from the photo. “Smart Picture has created powerful solutions in the home…
