Fitch Ratings announced that it has affirmed its ‘BBB long-term issuer rating and the rating assigned to its senior note issue of Infinity Property & Casualty Corporation. Fitch also assigned an “A” rating to Infinity’s operating companies, and confirmed a …
Vermont House members, gathered for a brief reunion a bit less than a month after they thought they had finished for the year, voted to sustain Gov. James Douglas’ veto of a bill relating to car insurance and went home. …
A study conducted by A.M. Best Co. has concluded that Europe’s reinsurers have seen their financial strength stabilize after a two-year period of downward pressure. “Strong accident year results were maintained through the 1st quarter of 2004 and are expected …
French businessman François Marland, who currently resides in Switzerland, has admitted his role in denouncing the actions of Credit Lyonnais (CL) when it acquired California-based Executive Life in 1991. In an interview with Paris Match, reported in Le Monde and …
Mounting deaths and injuries to American civilian contractors in Iraq could cost the U.S. government millions of dollars for hundreds of workers’ compensation claims. U.S. law requires all government contractors and subcontractors to obtain workers’ comp insurance for civilian employees …
Motorcycle drivers upset with the way insurance rates are set in Massachusetts lost a court bid to force the state to reconsider the fairness of its rating system. The Supreme Judicial Court dismissed the complaint by the Motorcycle Association of …
Industry-wide price strengthening was a driving factor in the financial results of U.S. property/casualty insurance companies in 2003, according to an industry report card published by Standard & Poor’s Ratings Services. Because of some easing of competitive pressures and the …
Senate-passed legislation pending before a key Assembly committee is unconstitutional and would, if enacted, leave consumers without insurance coverage, according to the Association of California Insurance Companies (ACIC). “Consumers assume that their insurance coverage will remain through the policy term …
A push to require all motorcyclists to wear helmets in Louisiana – bogged down in the House for weeks before getting approved this week – easily speeded through a Senate committee Wednesday, receiving unanimous approval and moving to the full …
A visiting Claremont McKenna College professor who claimed someone vandalized her car with racist and anti-Semitic slurs pleaded not guilty Tuesday to charges of filing a false police report and insurance fraud. Kerri Francis Dunn, 39, of Redlands, appeared in …