Louisiana officials tried to ease Wall Street worries on Mar. 8 about the state-run insurer of last resort, whose financial records are in disarray and possibly lost for the last year and a half. State Treasurer John Kennedy, Insurance Commissioner …
Louisiana’s state-run insurer has agreed to a mass settlement with more than 100 policyholders, a deal believed to be the first of its kind in the state since hurricanes Katrina and Rita spawned thousands of lawsuits, an attorney for the …
American Family Mutual Insurance Co. was ordered to pay $17 million as part of a class-action lawsuit over aftermarket vehicle parts in Missouri. Following a 3 1/2-week trial, a Jackson County jury determined American Family wrongly paid auto damage claims …
All residential insurers in Florida must make a filing containing new rates by March 15 to become effective for new or renewal policies beginning June 1 and thereafter on the renewal date of the policy. Insurers are also required to …
A.M. Best Co. has assigned a financial strength rating of “B++” (Good) and an issuer credit rating of “bbb+” to the United Arab Emirates SALAMA Islamic Arab Insurance Co. (P.S.C.) with a stable outlook. “The ratings reflect the company’s strong …
A.M. Best Co. has upgraded the issuer credit rating to “bbb+” from “bbb” and has affirmed the financial strength rating of B++ (Good) of Tunisia’s B.E.S.T. Reinsurance with a stable outlook. . “The ratings of BEST Re reflect the rating …
Lord Peter Levene, Chairman of Lloyd’s, reminded an appreciative audience in Singapore that “Asia is an exciting place to be right now. Its expertise and knowledge, combined with its vast population and low operating costs have led economists across the …
The European Council, a working group of EU country ministers, concluded its meeting in Brussels on Friday, March 9, with the announcement of ambitious goals to improve energy efficiency and reduce greenhouse gas emissions. “The challenges of climate change need …
More than five years after the Sept. 11 attacks, the U.S. government cannot show how the $5 billion given to public health departments has better prepared the country for a bioterrorism attack or flu pandemic. Congress responded to the 2001 …
Emergency shelters are about to become a reality in West Virginia coal mines. The state Office of Miners’ Health, Safety and Training is expected to approve the first underground shelter designs this week, Randy Harris, the agency’s engineering consultant, said …