The U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) has approved mitigation grants totaling nearly $7.8 million for the Territory of Guam. The funds, provided under FEMA’s Hazard Mitigation Grant Program (HMGP), will help pay for major projects …
Standard & Poor’s Ratings Services announced that it has revised its outlook on Hartford Financial Services Group (HIG) Inc.’s P/C subsidiaries in the Hartford Fire Intercompany Pool (collectively referred to as Hartford PC) to negative from stable. S&P also said …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) of U.K.-based W. R. Berkley Insurance (Europe) Limited (WRB). Best also assigned an issuer credit rating (ICR) of “a” to WRB reflecting the rating agency’s …
A.M. Best Co. announced that it has affirmed its “A” (Excellent) Syndicate Rating and the issuer credit rating of “a+” of Lloyd’s Syndicate 2001, which is managed by Amlin Underwriting Limited (AUL). The outlook for both ratings is stable. “The …
The Texas Workers’ Compensation Commission has approved a first-time application for a Certificate of Authority to Self-Insure for one company and also approved the renewal of certificates for six other companies during a recent public meeting. Texas law allows certain …
The American Insurance Association (AIA) this week welcomed Gary Smith to the Idaho Department of Insurance. Idaho Governor Dirk Kempthorne (R) named Smith to replace current Insurance Director Mary Hartung who will be retiring at the end of November. “AIA …
Washington-based Talisma, a provider of multi-channel CRM solutions, announced that its solution has been deployed by ICICI Lombard, a provider of customized insurance solutions. Talisma V6 will reportedly provide ICICI Lombard’s customers with enhanced customer service through quicker and more …
With the recovery period for Alabama’s Hurricane Ivan disaster victims well underway, many have already received their disaster assistance checks or insurance payments. Unfortunately, that does not mean that everyone’s needs have been addressed. Long-term recovery committees are working with …
The Insurance Loss Control Association (ILCA) recently met for their annual conference and elections in Worthington, Ohio. Incoming Executive Committee Members are as follows; Brock Bell of Brotherhood Mutual Insurance Company has been elected president; Dan Finn of U.S. Reports …
RiskWatch has developed a risk assessment management tool designed specifically for financial institutions in conjunction with the Gramm-Leach-Bliley Act (GLBA), which includes provisions to protect consumers’ personal financial information held by financial institutions. Diebold will serve as a reseller for …