A new poll shows few New Jersey residents support lowering the drinking age from 21 to 18. A Fairleigh Dickinson-PublicMind poll shows just 18 percent of New Jerseyans surveyed would support lowering the age, while 76 percent favor leaving it …
In a disaster such as an earthquake or terrorist attack, nearly two-thirds of U.S. parents would disregard orders to evacuate and would rush to pick up their kids from school, according to a recent survey. The survey by the National …
A.M. Best Co. has made an announcement concerning its financial strength ratings (FSRs) and its issuer credit ratings (ICRs) on American International Group and a number of its subsidiary companies. These actions are summarized as follows: — AIG’s domestic life …
“All natural catastrophe (nat-cat) bonds share some common features, but indemnified nat-cat bonds are much more closely related to the practices of the ceding company than non-indemnified structures,” said Standard & Poor’s Ratings Services in a report published today – …
Following Ike’s march through Texas, S&P noted that the preliminary estimates of insured losses “vary from $6 billion to $18 billion. (These figures include onshore and offshore exposure.)” Before discussing the possible negative effects on earnings of the recent spate …
A bulletin on the Lloyd’s web site (www.lloyds.com) notes that the National Association of Insurance Commissioners (NAIC) has confirmed it will meet “to consider the proposal to end collateral requirements before the end of this month.” Lloyd’s has led the …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of France’s Groupama S.A. Best also affirmed the FSR of ‘A’ (Excellent) and ICR of “a” of Groupama Vie and …
Ibroker Renee Cardriche of Culver City, Calif., has been arrested for grand theft, the California Department of Insurance stated. Cardriche surrendered and was arrested on September 10 in Culver City. According to a CDI investigation, Cardriche issued a quote for …
The remnants of Hurricane Ike brought heavy winds and torrential rains to Missouri on September 15, causing flash floods and raising new concerns about swelling rivers, including parts of the Mississippi and the Missouri. Some sections of the state got …
Harsh winds caused by remnants of Hurricane Ike knocked down trees and snapped power lines, wreaking damage across Kentucky on Sunday. Gov. Steve Beshear declared a state of Emergency for Kentucky late on Sept. 14. “With this state of emergency …