Federal regulators are requiring that every financial institution have a program to detect and prevent identity theft on consumer accounts. The federal financial institution regulatory agencies and the Federal Trade Commission have issued final rules on identity theft “red flags” …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of UK-based UNUM Limited with a negative outlook. “The ratings reflect UNUM’s strong and stable business profile, strong operating performance and …
A.M. Best Co. has commented that the financial strength rating (FSR) of ‘A-‘ (Excellent) and the issuer credit ratings (ICR) of “a-” of California-based The Doctors Company Insurance Group (TDCG) and its members, which is led by The Doctors Company, …
No one argues the need to revamp the regulatory structure of the insurance industry, but just how to reform regulation remains the big question for legislators considering the issue. Some in the insurance industry support further reform to the current …
Roughly 14,000 insurance claims have been filed as a result of last week’s fire and wind storms, according to the Insurance Information Network of California. Working in partnership with the Insurance Information Institute to review claims data, IINC and III …
Bumbo International of South Africa recalled about 1 million “Baby Sitter” seats after 28 reports of babies falling out of the seats, including three skull fractures, a U.S. government safety group announced. Babies are at risk for serious head injuries …
An magnitude 5.6 earthquake struck the San Francisco Bay Area last night, around 8 p.m., about 9 miles northeast of San Jose, according to the U.S. Geological Survey Earthquake Hazards Program. Ten aftershocks were felt, the largest with a magnitude …
A New Hampshire lawmaker wants the Legislature to send drivers a clear message: stop sending text messages while driving! Nashua Democrat David Campbell has filed the paperwork for a bill to ban two-handed texting or typing on any electronic or …
The Supreme Court this week agreed to decide whether Exxon Mobil Corp. should pay $2.5 billion in punitive damages in connection with the huge Exxon Valdez oil spill that fouled more than 1,200 miles of Alaskan coastline in 1989. The …
Hartford Life Insurance has misplaced three backup tapes containing sensitive personal information on an unknown number of Ohio consumers, state insurance regulators said. The company says the data security breach was discovered Sept. 27. State Insurance Director Mary Jo Hudson …