“Lack of premium growth nationwide and diminished results in the Ontario auto segment restrained results for Canadian property and casualty insurers in the past year,” according to a newly published report from Standard & Poor’s Ratings Services. The study – …
Police in Ocean City, Maryland say they received seven reports Tuesday of airbags being stolen from cars. Police say that in each case, the airbag was stolen from a General Motors vehicle parked in a motel or condominium parking lot. …
The world needs a shift as radical as the Industrial Revolution to cut greenhouse gas emissions by 2050, while safeguarding economic growth, the McKinsey Global Institute said on Thursday. Its study said that a modern “carbon revolution” to curb global …
A North Carolina bill passed through the Senate Commerce Committee on June 24 that would require insurers to notify consumers of their choice to buy more than the required minimum uninsured motorist and underinsured motorist coverage. The minimum amounts required …
California Insurance Commissioner Steve Poizner announced that Mercury Insurance Group will pay a $250,000 settlement for alleged claims handling violations. “I’m pleased that Mercury has agreed to this settlement, which demonstrates that claims handling violations will not be tolerated in …
A top Minnesota highway manager insisted on June 23 that money woes didn’t compromise bridge safety, responding to a harsh assessment of the maintenance of the interstate bridge that collapsed last summer, killing 13 people. In a 12-page letter delivered …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Chicago-based Old Republic Insurance (formerly known as Old Republic Group) and its members and Bituminous Insurance Companies of Rock …
A.M. Best Co. has affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating of “bbb” of The American Road Insurance Company (TARIC), but with negative outlooks. “The ratings reflect TARIC’s excellent capitalization level, history of positive operating …
Man’s best friend is sinking its teeth into homeowners insurance costs. Dog bites now account for one-third of all homeowners insurance liability claims, costing $356.2 million in 2007, up 10.5 percent from the previous year, according to the Insurance Information …