Industrial countries that pledged to cut their carbon emissions under the Kyoto Protocol will easily meet their targets by 2012, the U.N. climate secretariat said Tuesday. But emissions by all industrial countries have been rising, driven by the reviving economies …
A.M. Best Co. announced that it has placed the financial strength rating of ‘A+’ (Superior) and the issuer credit ratings of “aa” of Swiss Reinsurance Co. and its similarly-rated subsidiaries “under review with negative implications.” Best also placed all debt …
While most Americans are preparing to add calories on Thanksgiving Day, people in Philadelphia are gearing up to burn off some. Philadelphia Insurance Companies is sponsoring the 15th Annual Turkey Trot, a competitive five mile run attracting more than 300 …
New York City fire department officials and construction contractors have formed a joint advisory council to lay down stringent safety rules for job sites, aimed at forestalling such mishaps as the fire that killed two city firefighters in a partially …
A man whose wife was shot to death — a killing that attracted national attention because the couple lived near Bill and Hillary Rodham Clinton — is trying to collect nearly half a million dollars on her life insurance, court …
The Institute of International Finance based in Washington, D.C., is establishing a Committee on International Insurance Regulatory Issues headed by industry leaders to support the development of global industry perspectives in discussions with regulators on critical issues affecting insurance, reinsurance, …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘B’ (Fair) and issuer credit rating of “bb” of Oklahoma’s General Agents Insurance Company of America, Inc. Both ratings have been removed from under review with positive implications and …
A multi-state effort including California, Georgia, Florida, Ohio and Texas, has resulted in a settlement with Americo Life Inc. to secure benefits for African-American consumers historically sold insurance policies using discriminatory practices. According to the California Department of Insurance, Americo’s …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Bermuda-based Fortis Insurance Company (Asia) Limited (FICA) with a stable outlook. “The ratings reflect FICA’s adequate risk-based capitalization, favorable operating …
As the holiday shopping season unofficially kicks off this week, about 42 million American households plan to give or receive high-tech electronic products this year. However, about seven out of eight households don’t fully understand key aspects of their insurance …