A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and the issuer credit rating (ICR) of “a-” of Bermuda-based Montpelier Reinsurance Ltd. and Montpelier US Insurance Company (MUSIC), which is based in Oklahoma City. Best also …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Hiscox USA Group, and its lead member, Hiscox Insurance Company Inc. (HICI), based in Geneva, Illinois. Hiscox USA is …
The insurance company paying jailed Texas financier R. Allen Stanford’s legal bills said this week it is tired of supporting his revolving door of attorneys and already has spent more than $6 million on lawyers from 10 firms to defend …
A settlement has been approved in a wrongful death lawsuit involving former major leaguer Jim Leyritz, who was charged in a drunken driving manslaughter crash. An attorney for the family of the woman killed in the December 2007 crash said …
The threat of an above-average 2010 Atlantic hurricane season has heightened over the past month and it now promises to be “a hell of a year,” a leading U.S. forecaster said Wednesday. William Gray, the hurricane forecast pioneer who founded …
The nation’s most knowledgeable drivers are in Idaho, Wisconsin, Montana and Kansas, while the least knowledgeable are in New York, New Jersey, Hawaii and California. That’s according to results from the 2009 GMAC Insurance National Drivers Test, which found that …
With the National Oceanic and Atmospheric Administration (NOAA) predicting an “active to extremely active” hurricane season, insurance brokerage giant Marsh is recommending several pre and post-loss risk mitigation strategies to help buisnesses and risk managers weather the storm season. NOAA …
The Michigan Department of Natural Resources and Environment says warm, dry weather across northern Michigan means wildfire danger will be “very high” during the Memorial Day weekend. Lynne Boyd, chief of the DNRE’s Forest Management Division, said in a release …
Texas Mutual Insurance Company’s board of directors approved the company’s plan to distribute $100 million in workers’ compensation dividends. Dividends reward loyal policyholders who share Texas Mutual’s commitment to workplace safety. Texas Mutual has declared $845 million in dividends during …
The insurance industry continues to lose its battle against a proposed ban on property insurers dropping or changing coverage because of corrosive Chinese-made drywall. The proposal will be debated by the full House after getting approval from the House Insurance …