A wildfire in Lake Tahoe, Calif., that has destroyed at least 220 homes and forced about 1,000 people to flee their neighborhoods along the Lake’s southern edge as of Monday is anticipated to incur more than $25 million in insured …
Rainstorms battered Britain on Monday, killing one man who became trapped in a flooded manhole, rescue workers said. The storm was expected to dump as much as three inches (75 millimeters) of rain on a country already soggy from an …
Tanya Cornelia Dampier and her husband, Charles Ray Dampier, both former insurance agents in Rancho Cucamonga, Calif., have been arrested for attempting to defraud at least 13 insurance companies of more than $750,000, according to the California Department of Insurance. …
Gov. Charlie Crist launched “Shop and Compare Rates” today, a Web site that assists consumers comparing homeowners insurance rates throughout Florida. “Many Florida homeowners find it difficult and frustrating to compare the cost of homeowners insurance,” Crist said. “This site …
Standard & Poor’s Ratings Services has assigned its ‘B’ senior secured debt rating to the $75 million class A, series 2007-I principal-at-risk variable-rate notes issued under the newly established shelf program, Nelson Re Ltd., sponsored by Glacier Reinsurance AG (Glacier …
The U.S. House of Representatives passed H.R. 1065, the Nonadmitted and Reinsurance Reform Act of 2007, legislation that if enacted, will help increase the efficiency of the existing state-based insurance regulatory system, supporters say. H.R. 1065 is virtually the same …
Researchers say they’ve found Asian soybean rust, which can spread quickly and heavily damage crops, in central Louisiana. It’s the first time this growing season that the disease has been found on soybeans, said Clayton Hollier, a plant pathologist with …
The Texas Department of Insurance Division of Workers’ Compensation announced that any interest or discount provided for in the Texas Workers’ Compensation Act for the period of July 1, 2007, through Sept. 30, 2007, will be at the rate of …
A.M. Best Co. has upgraded the ICR to “a” from “a-“, the senior debt ratings to “a” from “a-” and the commercial paper rating to AMB-1 from AMB-2 of The Hartford Financial Services Group, Inc. Best also affirmed the financial …
A state judge has overturned a jury’s decision ordering American Family Mutual Insurance Co. to pay $17 million as part of a class-action lawsuit over aftermarket vehicle parts in Missouri. Jackson County Circuit Judge Edith Messina ruled on Friday, June …