Standard & Poor’s Ratings Services announced that it has raised its long-term counterparty credit and insurer financial strength ratings to “A” from “A-” on VHV Vereinigte Hannoversche Versicherung a.G. (VHV a.G.) and VHV Autoversicherung-AG (VHV Auto), which are core members …
The Association of British Insurers (ABI) has released a ground-breaking report, “Financial Risks of Climate Change,” which shows that the worldwide costs of major storms is likely to increase by as much as two-thirds taking the total cost in an …
The number of SUVs with a four-star rollover rating had increased substantially since U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) began rating them in 2001, according to a recently released report. That year (2001), just one SUV …
Because Minnesota has the highest per capita boat registration figure in the country, it is important for boat owners to have the appropriate property and liability insurance, according to one area insurance federation. “We aren’t just the Land of 10,000 …
New Jersey Division of Criminal Justice Director Vaughn McKoy announced that a former Bergen County certified public accountant has been ordered to pay more than $433,000 after pleading guilty to Health Care Claims Fraud for inflating and submitting fraudulent insurance …
The head of the U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) announced that federal disaster funds have been made available for Maine to supplement state and local recovery efforts in communities struck by floods earlier this year. …
There are clear opportunities for the federal government to support research into making homes and businesses safer from violent windstorms and to remove barriers to developing hazard resistant construction. That was the message delivered Wednesday to the Senate Committee on …
The Alabama Hurricane Issues Task Force headed by Insurance Commissioner Walter A. Bell has recommended a new regulation that would force insurers to give 60 days notice to policyholders whose insurance will be changed or canceled, and concluded that Alabama’s …
North Dakota Insurance Commissioner Jim Poolman reported that severe weather that ripped through the Dickinson area in Western North Dakota and the Langdon and Walhalla areas in Eastern North Dakota earlier this month has caused an estimated $18 million in …
If you’re heading off for summer vacation, you’re probably locking up the house for a week or so. It’s a routine for plenty of people each year. But what would happen if a pipe sprang a leak, the toilet kept …