Lauri Osborne of Plymouth, Conn. feared the worst when she learned of the national pet food recall. One of her cats had already died from kidney failure and two became seriously ill. All three of the Plymouth woman’s cats had …
The widow of New York Yankees pitcher Cory Lidle has sued MetLife Inc., claiming she is owed more than $1 million under baseball’s benefit plan. Lidle died in the crash of his small plane Oct. 11 and was covered by …
A Delaware judge this week granted a California businessman’s request to order an insurance inspection of a collection of Elvis Presley memorabilia sitting in a Nevada airport hangar pending resolution of an ownership dispute. Richard Long is battling Nevada residents …
The headline numbers were eye-popping: Allstate reported a record $5 billion profit for 2006. State Farm Insurance’s profit climbed 65 percent for the year. St. Paul Travelers’ earnings rose sixfold in the fourth quarter, American International Group’s rose eightfold. A …
Standard & Poor’s Ratings Services has assigned its “A+” long-term counterparty credit and insurer financial strength ratings to Republic of Ireland-based non-life insurer Hibernian General Insurance Ltd. (HGI) with a stable outlook. “The ratings on HGI reflect the company’s strategic …
Aon announced from its London office that it has formed “Aon Global Risk Consulting [AGRC], creating one of the largest dedicated risk consulting, captive management and risk engineering groups in the world.” The new unit’s formation coincides with the launch …
Equitas, the run-off vehicle established by Lloyd’s in 1996 to handle 1992 and prior years’ non-life liabilities, has completed its reinsurance transaction with National Indemnity Company, a member of the Berkshire Hathaway group of insurance companies. The transaction was first …
Risk Management Solutions has published a report on the “most catastrophic river floods for at least 200 years,” which occurred in the UK in March 1947. “The flooding, which inundated nearly all the main rivers in the South, Midlands and …
Speaking on behalf of the National Association of Insurance Commissioners, Florida Insurance Commissioner Kevin McCarty testified before a key subcommittee of the U.S. House of Representatives on the role of insurance in preparing for large natural catastrophes. McCarty commended the …
Leon County Circuit Court Judge Terry P. Lewis approved an order allowing Royal Palm Insurance Co. and Security First Insurance Co. to offer new coverage to the 57,000 homeowner policyholders currently with Maitland-based Vanguard Fire & Casualty Co. Tuesday’s order …