Do policy changes like deregulation and tort reform really matter? Some people wonder because the costs of over regulation or a legal system run amok are largely hidden. They are no less real than the costs of taxation, of course, …
Florida and Louisiana are hurricane-prone states with similar property insurance problems, but their governors are taking wildly different approaches to fixing the insurance headaches. Florida Gov. Charlie Crist, a Republican, has led that state’s push to increase government regulation of …
Federal officials have cited two companies with 23 health and safety violations and proposed fines totaling more than $32,000 in connection with the explosion that destroyed a paint and ink factory in Danvers, Mass. in November, the U.S. Occupational Safety …
A.M. Best Co. has affirmed the financial strength rating (FSR) of “A-” (Excellent) and the issuer credit rating (ICR) of “a-” of the New York-based AmTrust Group. The ratings also apply to Bermuda-based AmTrust International Insurance, Ltd. (ALL); New Hampshire’s …
Dublin-based Research and Markets has added a report on UK Directors and Officers Insurance 2007 to their offering. R&M described the study as providing “a detailed discussion of the state of the UK directors and officers insurance market in 2006.” …
Standard & Poor’s Ratings Services has assigned its ‘A-‘ long-term counterparty credit and insurer financial strength ratings to PARIS RE (France) and PARIS RE Switzerland Ltd. At the same time, S&P lowered to ‘A-‘ from ‘AA-‘ its long-term insurer financial …
Lloyd’s announced that it has reached a settlement with brokers Aon and Benfield of litigation centering on the placement terms of the New Central Fund insurance policy, issued in 1999. Benfield made a similar announcement. The policy, underwritten by Swiss …
California’s Advisory Task Force on Insurance Fraud held its first meeting last week, with the goal of creating innovative methods to combat insurance fraud and forwarding an aggressive anti-fraud campaign introduced by the Commissioner. The Task Force’s members include leaders …
A meat supplier expanded a voluntary recall of ground beef products because they may be contaminated with E.coli. United Food Group LLC said in a statement it expanded the recall of 75,000 pounds of ground beef to include an additional …
Lawmakers using state-issued vehicles filed auto insurance claims at a far higher rate than the general public, costing California taxpayers nearly $90,000 the past two years, according to records obtained by The Associated Press. The lawmakers, some of whom are …