The U.S. insurance industry’s exposure to securities issued by Fannie Mae and Freddie Mac, two government-sponsored enterprises (GSEs) that aid liquidity in the mortgage market, is substantial for a handful of companies. Nevertheless, A.M. Best Co. does not foresee substantial …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating (ICR) of “a-” of SALAMA Islamic Arab Insurance Company (P.S.C.), which is based in the United Arab Emirates. The outlook for both ratings …
As of 11:00 a.m. EDT the center of Tropical Storm Fay was about 70 Miles (115 kms) south-southeast of Key West Florida and about 65 miles (103 kms) east-northeast of Havana Cuba. Florida’s governor has declared a state of emergency …
The Ohio Department of Insurance says its consumer hot line can help when Ohioans have trouble with their insurance companies. In the first six months of this year, 1,429 complaints were filed with the state concerning health plans. An analysis …
Canton, Massachusetts-based OneBeacon Professional Partners has appointed Susan Angelo senior vice president of managed care. In her new role, Angelo will oversee all product, business development and underwriting strategies for managed care liability for the group, a member of OneBeacon …
A judge in Louisiana has asked a state official to review the validity of private attorneys’ contracts to represent Louisiana’s attorney general in a case over the state’s Road Home hurricane recovery program. U.S. District Judge Stanwood Duval said insurance …
Government meteorologists say there were plenty of damaging winds, but no twisters in a storm that spawned a rare tornado warning in New York City. The National Weather Service says crews assessed damage Saturday around the metropolitan area, including a …
Top doctors who run one of the most influential U.S. medical journals are giving the U.S. Supreme Court some unsolicited legal advice about a major case. Lawsuits can serve as “a vital deterrent” and protect consumers if drug companies do …
A lawyer for Rhode Island said Friday that three former lead paint companies should not be allowed to recoup costs from a nine-year legal fight with the state that ended last month in their favor. The state Supreme Court in …
The president on Friday signed a disaster declaration for a series of violent thunderstorms that swept through northern Vermont last month. The declaration means Caledonia, Grand Isle, and Lamoille counties are eligible for federal assistance to repair damage. The July …