The Farmers Insurance Group of Cos. recently announced that it will recognize new parents in the Midwestern states of Nebraska, Michigan, and South Dakota by offering a new parent discount auto insurance policy. The discount will be available to all …
The Travelers Companies, Inc. said it has settled all current and future asbestos-related coverage claims relating to ACandS, Inc. Under the settlement agreement, Travelers will contribute $449 million to a trust to be established pursuant to ACandS’ plan of reorganization. …
The UK’s two largest insurers, Aviva plc and Royal & SunAlliance Insurance Group plc, have both issued preliminary estimates of how the claims from the recent floods (See IJ web site June 27, 29 and July 2) would impact their …
Standard & Poor’s Ratings Services has raised its insurer financial strength and counterparty credit ratings on Taian Insurance Co. Ltd. of Taiwan to “BBB+” from “BBB’ and assigned a stable outlook. “The upgrade reflects Taian Insurance’s consistent and satisfactory operating …
Standard & Poor’s Ratings Services has raised its counterparty credit and insurer financial strength ratings on Taiwan Fire & Marine Insurance Co. Ltd. (TFMI) to “BBB+” from “BBB” and assigned a stable outlook. S&P said the “upgrade reflects TFMI’s consistent …
A federal appeals court has set Aug. 6 as the date to hear arguments on whether Nationwide Mutual Insurance Co. should be forced to cover storm surge damage to a Mississippi’s couple’s home from Hurricane Katrina. Oral arguments will be …
Harrison County, Mississippi supervisors announced that the county has reached a $3.5 million settlement for its part in a lawsuit brought by the family of Jessie Lee Williams Jr., an inmate beaten to death at the jail nearly 17 months …
Tennessee Gov. Phil Bredesen (D) has signed a bill creating stricter liability for pet owners or sitters whose dogs injure others. This new law imposes liability on a dog’s owner for damages suffered by a person who is injured by …
It took less than three minutes for the old mattress to become a flaming inferno. And even inside the safe confines of a Sealy Corp. testing lab in North Carolina, it took a technician armed with a gas mask and …
Federal inspectors missed obvious problems and failed to follow procedures at the Sago Mine in West Virginia and two other underground coal mines where 19 men died in high-profile accidents last year, the Mine Safety and Health Administration said. Numerous …