Standard & Poor’s Ratings Services has assigned its “A” rating to Chubb Corp.’s $800 million, 30-year senior debt drawdown from its universal shelf filing dated March 26, 2007. A.M. Best Co. has assigned a debt rating of “aa-” to the …
With wildfires threatening homes in Alachua, Baker, Bradford, Clay and Walton counties, Florida Chief Financial Officer and State Fire Marshal Alex Sink advised Floridians who are being forced to evacuate to keep receipts and contact their insurance company and agent. …
An adult hockey player who punched an opponent in the face during a heated game in Appleton nearly five years ago lost a legal battle this week to have his insurance company pay the injured player. The 3rd District Court …
Federal officials have approved nearly $7.6 million in aid to victims of last month’s nor’easter in 12 New Jersey counties. The Federal Emergency Management Agency said it has registered more than 9,300 applications for assistance. Nearly 8,400 homes have been …
A former Bucks County, Pennsylvania insurance broker has been arrested by the Pennsylvania Attorney General’s Office for allegedly defrauding four insurance premium companies and the state’s bureau of unemployment compensation out of more than $1 million. Attorney General Tom Corbett …
Residents on the South Carolina coast could see home insurance costs drop with a bill that received key approval Tuesday in the House. The legislation is part of Insurance Director Scott Richardson’s response to insurance rates rising as much as …
Standard & Poor’s Ratings Services sees no ratings affect for Jordanian insurer International General Insurance Co. Ltd. Jordan (IGI Jordan) rated “BBB” with a positive outlook. S&P’s comment addressed the the recent announcement that the Bermuda Monetary Authority has approved …
Marsh UK announced that business interruption specialist Josephine Joseph has joined the broker’s European Forensic Accounting and Claims Services (FACS). She joins FACS from Matson, Driscoll & Damico UK LLP, where she specialized in loss of profits claims, stock loss …
A new report from Lloyd’s and the Economist Intelligence Unit (EIU) has found that global businesses are becoming increasingly concerned about risks from political violence. However, too little has been done to analyze those risks and to “really understand” their …
A survey conducted by the Association of British Insurers concludes that fraudulent insurance claims are now costing insurers and honest customers over £4 million ($7.98 million) every day. The annual cost is around £1.6 billion ($3.19 billion). The survey found …