Columbus-based State Auto Insurance recently announced that it has joined the Institute for Business & Home Safety (IBHS). IBHS is an initiative of the insurance industry that works to reduce the social and economic effects of natural disasters and other …
In the name of automobile safety and traffic flow issues, Gov. Sonny Perdue announced the Georgia Department of Transportation has awarded a $192 million contract for the long-anticipated reconstruction of the Interstate 20/520 interchange in Augusta. Area motorists can expect …
State Forester Linda Casey issued an emergency drought declaration temporarily banning discharging fireworks in 33 Alabama counties. Alabama State Fire Marshal Ed Paulk has joined in the issuance. “The situation in our state is extremely dangerous for burning and for …
A.M. Best Co. has affirmed the financial strength rating of “A++” (Superior) and the issuer credit rating (ICR) of “aa+” of the UK-based HSB Engineering Insurance Limited (HSBEIL) with a stable outlook. Best’s analysis is based on its review of …
A.M. Best Co. has affirmed the financial strength ratings of American International Group Inc. and a number of companies that are part of AIG, as follows: — AIG’s life and retirement services subsidiaries – financial strength rating (FSR) of “A+” …
An aging U.S. weather satellite crucial to accurate predictions on the intensity and path of hurricanes could fail at any moment and plans to launch a replacement have been pushed back seven years to 2016. In a letter obtained by …
The California Assembly has passed a bill, which would require the organization to add a certified public accountant to its staff. Additionally, the bill would require SCIF’s board of directors to appoint a subcommittee from among its members to serve …
A former Massachusetts inspector general, who gained prominence for questions he raised about the long troubled Big Dig highway project, will be New Orleans’ top watchdog as it rebuilds after Hurricane Katrina. Robert Cerasoli, 59, was offered and accepted the …
A northeast Louisiana woman has been sentenced to 16 months in jail and ordered to pay more than $300,000 in restitution after being convicted of crop insurance fraud. Wendy Gail Hayman, 31, of Oak Grove, was sentenced by U.S. District …
Florida Chief Financial Officer Alex Sink proposed a rule that streamlines the process for consumers to qualify for insurance premium discounts after taking steps to mitigate hurricane damage. The Property Casualty Insurers Association of America supports Sink’s proposal. “Chief Financial …