State Farm Fire and Casualty Co. has reached another settlement with a Mississippi Gulf Coast couple who sued the insurer over damage to their home from Hurricane Katrina. State Farm spokesman Phil Supple told The Associated Press the settlement with …
A.M. Best Co. has assigned a financial strength rating of “A-” (Excellent) and an issuer credit rating of “a-” to German insurer Wuerttembergische Versicherung AG (WuerttVers) with a stable outlook. “The ratings reflect the company’s excellent business profile in the …
A.M. Best Co. has affirmed the financial strength rating (FSR) of “A” (Excellent) and the issuer credit rating (ICR) of “a” of Lloyd’s of London, and the ICR of “a-” of the Society of Lloyd’s. Best also affirmed the debt …
A New York woman was convicted this week of murdering her husband of 20 years by slipping him a fatal dose of antifreeze in a drink. Jurors deliberated less than three hours before convicting Marguerite Bork of second-degree murder. Bork, …
The Mississippi Legislature put its stamp of approval on a comprehensive homeowner mitigation program earlier this week, giving final approval to HB 753 and sending it to Gov. Haley Barbour. The program has the potential to substantially reduce the threat …
The Derek Hughes/NAPSLO Educational Foundation announced that senior managers of Hull & Company, Inc., in conjunction with Brown & Brown, Inc., have established an insurance educational scholarship in the name of Hull & Company founder and current CEO, Richard Hull. …
California Insurance Commissioner Steve Poizner has ordered an audit of the State Compensation Insurance Fund (SCIF), amid questions regarding the corporate governance and management of the organization. The audit follows the firing of two key members of the fund just …
The Workers’ Compensation Insurance Rating Bureau of California Governing Committee has approved the filing of a 11.3 percent decrease in advisory pure premium rates, effective July 1, 2007 on new and renewal policies with anniversary rating dates on or after …
Recent “near term” hurricane prediction models based on five-year forecasts are being skewered by consumer groups urging state regulators to reject them as a basis for hiking coastal property insurance rates. The Consumer Federation of America and the Center for …
A consumer coalition has released a new study that disputes insurers’ contention that the most recent medical malpractice insurance crisis for doctors was caused by rising costs. The study, Stable Losses/Unstable Rates 2007, by Americans for Insurance Reform (AIR) , …