A.M. Best Co. has affirmed the financial strength rating of “A-” (Excellent) and the issuer credit rating (ICR) of “a-” of Through Transport Mutual Insurance Association Limited (TT Bermuda) and its wholly owned subsidiary, the UK-based Through Transport Mutual Insurance …
What a difference a year makes. Lloyd’s has just announced pretax profits for 2006 of £3.662 billion ($7.2 billion) compared to the £103 million ($202 million) loss figure posted in 2005. Lloyd’s also posted a favorable combined ratio of 83.1 …
Part of South Carolina’s workers’ compensation system should be phased out because it fails to lower businesses’ insurance costs, according to a state audit. The Legislative Audit Council report found that a program, known as the Second Injury Fund, does …
A Jackson, Mississippi law firm has sued millionaire trial attorney Richard Scruggs for allegedly withholding money it claims it was owed for working on Hurricane Katrina insurance-related litigation. The lawsuit was filed March 15 in Lafayette County Circuit Court by …
After her car accident, Sarah Capps suffered from a sore shoulder and back. What she thought were common pains turned out to be six herniated discs. Were it not for the protective medical coverage that every Florida car insurance holder …
A woman and two sons who run a string of Detroit-area auto body shops have been charged with conspiracy, fraud and racketeering on accusations that they tricked insurers out of millions of dollars through false claims. Attorney General Mike Cox …
Former Bend, Ore., resident Robert Pratt, 39, was sentenced for conspiracy to commit insurance fraud, Attorney General Lawrence Wasden said. Fourth District Judge Ronald Wilpur sentenced Pratt to seven years in prison and ordered him to pay $13,252.76 in restitution. …
Authorities hailed Japan’s new earthquake alert system as a success this week after it allowed officials to issue a tsunami warning just one minute after a magnitude 6.9 quake jolted the country’s coast a day earlier. The quake early last …
The family of a 73-year-old South Carolina man who died after receiving the wrong drug during surgery will receive $1.775 million in the settlement of a wrongful death lawsuit, according to court documents. According to attorneys for Martha Cogan, widow …
InsureMyHouse.com, a national directory of homeowners insurance agents, will be featured in commercials with the Better Business Bureau. Media, PA – InsureMyHouse.com started out two years ago as an insurance information website and has grown into a national directory of …