Craig Fugate’s promotion to head of the Federal Emergency Management Agency was celebrated this week by the first responders, community organizations and emergency management officials he formerly led in Florida. “Now that Craig is FEMA director, maybe he’ll be there …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a+” of Japan’s Aioi Insurance Company, Limited, both with stable outlooks. “The ratings reflect Aioi’s stable underwriting performance, adequate capitalization …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of New York-based AXA Insurance Company, both with stable outlooks. Best also affirmed the FSRs of ‘B++’ (Good) and ICRs …
The California Senate is considering a bill that would “immunize” insurers from potential defamation lawsuits when they meet to discuss fraud trends with insurance regulators and prosecutors, the Coalition Against Insurance Fraud said. According to the bill text, “existing law …
A California state judge has rejected a proposed class-action lawsuit brought on behalf of state residents who took the painkiller Vioxx before it was pulled from the market in 2004. Lawyers for former Vioxx users and health insurance plans wanted …
With the start of the hurricane season just a few weeks away, a leading Florida consumer advocate joined independent agents at a press conference today to warn that property insurance rates need to be raised if insurers are going to …
North Carolina’s voluntary public campaign financing program would expand to cover even more statewide elected positions in legislation approved by a Senate committee. The changes approved this week would allow candidates for up to five more Council of State seats …
The state is giving Virginia residents an incentive to prepare for hurricane season. Virginia’s Hurricane Preparedness Sales Tax Holiday begins May 25 and runs through May 31. During the weeklong holiday, state and local sales taxes won’t be collected on …
Tropical storms are unpredictable, but as the National Hurricane Center’s director contemplates ways to improve forecasting errors and communicating with the public, he is confident he has an ally at the Federal Emergency management Agency (FEMA). Bill Read celebrated the …
Every child deserves a childhood. But some kids never get that chance. Adults pull children into fraud schemes that can traumatize them for years, and may condition some kids to join the next generation of insurance cheaters. Some trusting children …