A.M. Best Co. has placed the financial strength rating of “B++” (Very Good) and issuer credit rating of “bbb” of German insurer Wurttembergische und Badische Versicherungs-AG (WUBA) under review with negative implications. “The rating actions follow the announcement of WUBA’s …
The exemption of Florida’s northwest Panhandle from state building codes will be discussed by Kevin McCarty, Florida Insurance Commissioner, during testimony at the July 11 meeting of the Florida Building Commission. The commission will hold hearings about this topic July …
A significant majority of global corporations currently have either a detailed avian flu pandemic readiness plan in place or are in the process of developing a plan, according to a report released by The Conference Board. Nearly three-fourths of the …
Rhode Island’s Ethics Commission has agreed to look into a complaint brought against Attorney General Patrick Lynch over campaign donations he accepted from a lawyer for DuPont Co. when he was negotiating to drop the company from the state’s lawsuit …
Groups offering state-mandated alcohol-awareness training to bartenders and liquor-store workers would have to provide at least three hours of instruction and give a state-approved test under rules proposed by the Maryland Comptroller of the Treasury. The proposal would standardize requirements …
Last summer when the Massachusetts Fair Plan, the state’s involuntary homeowners insurance market, looked into purchasing reinsurance, the premium was about $17.5 million. The plan did not purchase the reinsurance then, which left its participating individual property insurers to cover …
An Airbus 310 went out of control on landing at the Irkutsk airport early this morning, July 9 local time, crashing through a concrete wall into a building and then bursting into flames. At least 120 people are reported to …
Oregon’s Department of Consumer and Business Services (DCBS) has ordered a Connecticut company to stop selling insurance in Oregon without a license. Golf Marketing Worldwide LLC, on its Web site, offers “hole-in-one” insurance for golf tournaments and related events. An …
Hawaii’s First Circuit Court has granted Hawaii Insurance Commissioner J.P. Schmidt an Order of Rehabilitation on The Hawaiian Insurance & Guaranty Company Ltd. The order authorizes Commissioner Schmidt to take possession and control of HIG’s assets and to assume the …
Home page usability of many insurance companies isn’t up to par, according to a recent study. The study, conducted by Oak Park, Ill.-based Vox Inc., analyzed the positioning of key customer and user elements, such as insurance quote and “find …