A.M. Best Co. has placed the financial strength rating (FSR) of A++ (Superior) and issuer credit ratings (ICR) of “aa+” of the domestic life and retirement services subsidiaries of American International Group (AIG) under review with negative implications. In addition, …
U.S. Transportation Secretary Mary E. Peters today sent legislation to Congress that she said seeks greater flexibility for states to target one of the leading causes of motorcycle deaths across the nation – riding without a helmet. An avid motorcyclist, …
Bicyclists would have a hard time collecting damages from counties or cities in Iowa under a plan up for consideration by state legislators. The proposal by the Iowa State Association of Counties would protect cities and counties from liability for …
An appeals court reinstated a lawsuit against the University of Washington by a woman who claims she was raped by a member of the football team in 2001. The university is accused of sex discrimination. The woman is a former …
Chinese insurers have paid more than $165 million in death and damage claims from snowstorms that killed at least 107 people, according to companies quoted by a state news agency. Millions more in claims are pending from China’s worst snow …
President Bush’s proposed budget would include millions more in funding to improve hurricane forecasts and further research the storms, a federal official said at a regional discussion of the budget. The National Oceanic and Atmospheric Administration’s number two official, Mary …
President Evo Morales declared Bolivia’s devastating floods a national disaster, freeing more government funds to confront a crisis his government has linked to global climate change. Flooding across Bolivia’s eastern lowlands has killed 50 people and affected some 43,000 families …
This winter’s flooding has prompted Indiana state insurance regulators to require a training course for agents selling flood coverage. Those already selling insurance will have to take a continuing-education course of at least three hours by 2010, the state Department …
A.M. Best Co. has placed the financial strength rating (FSR) of ‘B’ (Fair) and issuer credit rating (ICR) of “bb” of PMA Capital Insurance Company (PMACIC) under review with negative implications following the announcement that its parent, PMA Capital Corporation …
The Federal Emergency Management Agency has extended a claims deadline for people in Washington and Oregon who had flood insurance for December damage. The deadline for returning a detailed proof of loss statement has been extended to April 2. This …