A.M. Best Co. has affirmed the financial strength rating (FSR) of “A++” (Superior) and issuer credit ratings (ICR) of “aa+” for the property/casualty group, The Cincinnati Insurance Companies (CIC) and its the members. Best also affirmed the ICR of “aa-” …
A.M. Best Co. has affirmed the financial strength rating of “A” (Excellent) and the issuer credit rating (ICR) of “a+” of ACE Insurance Limited (Australia) and ACE Insurance Limited (New Zealand) with a stable outlook. Concurrently Best announced that it …
Boston-based AIR Worldwide Corporation announced that it will be collaborating with the Beijing Institute of Architectural Design (BIAD) in an effort “to better understand the vulnerability of buildings in China.” BIAD, a leading design firm in China, has researched and …
A fire caused heavy damages to the clipper ship Cutty Sark on Monday, leaving one of London’s proudest maritime relics a blackened hulk. Firefighters responded to an alarm at 4:45 a.m. local time at the 19th-century ship’s dry dock, where …
Hawaii State Insurance Commissioner J. P. Schmidt has revoked the insurance producer license of Amy Pohaiokalani Fernandez (aka Amy Pohaiokalani Waikiki and Pohai Waikiki) and fined her $20,000. Commissioner Schmidt charged Fernandez with stealing $11,737 in premium money that was …
Gov. Sonny Perdue issued an executive order that allocates $7 million in unspent state funds to fight the wildfires in southeast Georgia. The fires have burned over 130,000 acres in Georgia. “These additional funds will allow the communities to continue …
Insurance agents have sold fraudulent Medicare plans to an estimated 1,000 Mississippians over the past year, forcing them to spend months untangling the mess to regain coverage under a traditional Medicare program. State and federal government officials are doing little …
Although forecasters predict an active hurricane season, federal officials said crews will fly fewer hurricane hunter flights from the MacDill Air Force Base in Tampa, Fla.. Officials hope that reducing flights will make missions more efficient, said Philip Kenul, commander …
The Florida Association of Insurance Agents’ state-of-the-art catastrophe response vehicle (CRV) arrived in Greensburg, Kan. earlier this week to assist insurance agents whose offices were demolished by the tornado last week. The fully equipped mobile response unit will provide the …
The Raleigh County, W. Va. Prosecutor’s Office indicted a Raleigh County resident on one felony count of wrongfully seeking workers’ compensation benefits. Angel M. Delung, 34, of Shady Springs, allegedly filed a false claim against her then employer, Beaver Creek …