Updated: November 23, 2009, 10:18 am EST
Ohio AG Sues National Ratings Agencies Over Securities Information
Ohio Attorney General Richard Cordray has filed a lawsuit against national securities and credit ratings agencies Standard & Poor’s, Moody’s and Fitch over what ...
Most Americans Want Congress to Address Cost of Malpractice Lawsuits
Most Americans want Congress to deal with malpractice lawsuits driving up the cost of medical care, says an Associated Press poll.
Yet Democrats are reluctant to press forward ...
Winners, Losers in Senate Health Bill
Democrats in the Senate cleared the first procedural hurdle for sweeping healthcare reform Saturday by voting to open debate on the historic legislation.
The Senate debate due ...
U.S. Senate Gears Up for First Key Healthcare Reform Vote
Democrats in the U.S. Senate geared up for a fierce battle over a new healthcare reform plan Thursday as Republicans condemned the bill's price tag and tax hikes before the ...
Health Care Reform Dominates Trade Group's Lobbying Agenda
Until this year, health care was a minor blip on the radar of insurance agents’ policy efforts in D.C. But with a major reform bill imminent, key trade groups are ...
AIG CEO Benmosche Frustrated with Degree of Government Oversight
An American International Group Inc.'s board meeting is expected next week against the backdrop of Chief Executive Robert Benmosche's frustration with the U.S. government's ...
Ex-Parmalat Auditors Settle U.S. Investor Lawsuit for $15 Million
Two former auditors of Parmalat SpA agreed to pay $15 million to settle a class-action lawsuit by U.S. equity investors over their roles in the Italian dairy company's 2003 ...
Best Affirms Ratings of Assurant and Its Subsidiaries; Several Upgraded
A.M. Best Co. has affirmed the financial strength ratings (FSR) and issuer credit ratings (ICR) of the P/C and life/health insurance subsidiaries of Assurant, Inc. Best also ...
Best Affirms Balboa and Group Members 'A' Ratings
A.M. Best Co. has affirmed the financial strength ratings (FSR) of 'A' (Excellent) and issuer credit ratings (ICR) of “a” of Balboa Insurance Group and its P/C ...
Best, S&P Assign Ratings to Transatlantic $350 Million Debt Issue
A.M. Best Co. has assigned a debt rating of “bbb” to the recently issued $350 million 8.00 percent 30-year senior unsecured notes due 2039 of Transatlantic ...
Court: Owners of Truck in Fatal Connecticut Crash Can Sue Insurer
The Connecticut Supreme Court has reinstated a lawsuit filed by the owners of a dump truck that caused a fatal 20-vehicle wreck in Avon, in a dispute over whether there was ...
Pennsylvania Woman Can't Re-Sue Ernst & Young for $103M
A federal appeals court says a western Pennsylvania woman isn't entitled to a new trial on her claim that an accounting error by Ernst & Young cost her $103 million.
The ...
Small Earthquake Shakes Western Maine
The New England Seismic Network says a small earthquake shook parts of western Maine early Thursday morning.
According to Weston Observatory at Boston College, the earthquake ...
Tour Bus Crashes in Minnesota; Company Says Driver Had Aneurysm
A tour bus driver suffered a ruptured aneurysm before a crash on a southern Minnesota interstate that killed two people and injured 21 others. That's according to a spokesman ...
New Captive Insurer in Missouri to Focus on Foodservice Industry
The Missouri Department of Insurance reported that a leader in the U.S. foodservices market has become licensed as a captive insurance company, the result of a new state law ...
Survey: Health Insurance Costs 22% More in Wisconsin
A new survey finds Wisconsinites pay more for health insurance than the rest of the country and the cost is rising at a faster rate.
The consulting firm Mercer finds employers ...
Florida Approves Rate Hikes for 'High Risk' Coastal Properties
Florida Insurance Commissioner Kevin McCarty has approved rates hikes for about 330,000 of Citizens Property Insurance Corp.'s so-called high-risk coastal property accounts. ...
McCarty Hopeful State Farm Exit from Florida Can be Avoided
The state’s largest private property insurer may not leave Florida after all, Insurance Commissioner Kevin McCarty told Gov. Charlie Crist and other members of the ...
Florida Jury Orders $300 Million Damages for Ex-Smoker
A Florida jury Thursday ordered cigarette maker Philip Morris USA to pay $300 million in damages to a 61-year-old ex-smoker named Cindy Naugle who is wheelchair-bound by ...
Florida Lawsuit Claims TD Bank Was 'Epicenter' in Alleged Ponzi Scheme
TD Bank was hit with a multimillion-dollar lawsuit Friday calling it the "financial epicenter'' of an alleged Ponzi scheme run by disgraced Florida lawyer Scott Rothstein.
The ...
Fire Official Urges Georgia Churches to Be on Arson Watch
Georgia's top fire official is urging churches to bolster security after two metro Atlanta churches were set on fire.
Georgia Insurance and Fire Safety Commissioner John ...
Louisiana Agency Owner, a Jefferson Parish Official, Retires Amid Probe
Jefferson Parish's embattled chief administrative officer, Tim Whitmer, is retiring as federal investigators began subpoenaing records of his private company's insurance work ...
Texas Mutual Pays $760K Dividend to Green Industry Group
Texas Mutual Insurance Company announced a $760,070 dividend to the Texas Green Industry (TGI) purchasing group. TGI has earned $2,643,037 in workers’ compensation ...
California Report Shows White Collar Injury Grows in Importance
A new study from the California Workers' Compensation Institute shows that claims from white-collar workers have assumed greater relative importance as the economy has ...
California Reassures Women that Mammogram Laws Not Changed
In the wake of new recommendations for mammography, California officials said that a state law remains in place to ensure that insurance covers mammograms for breast cancer ...
Arizona A.G. Wants Explanation from Health Net
Arizona Attorney General Terry Goddard wants a Connecticut-based insurance company to tell Arizona policyholders whether their personal, medical or financial information was ...
L.A. Report Says Fire Service Should Fly During Nighttime
The U.S. Forest Service should allow helicopters to fight fires during darkness, a tactic that could have been used in the critical first hours of the summer's gigantic and ...
Kelley Named to Colorado's Regulatory Agencies Department
Gov. Bill Ritter has appointed attorney Barbara J. Kelley of Denver to be the new executive director of the Colorado Department of Regulatory Agencies, effective Dec. 1.
She ...
Northwest England Hit by Floods; Bridges Collapse; AIR Analysis
A series of violent storms struck the west coast of England, beginning last Thursday. Cumbria, the County just below the Scottish border, was the most ...
Marsh Report Forecasts 'Softening' in Energy Market in 2010
A new intelligence report from Marsh concludes that "energy firms are set to enjoy a softening insurance market in 2010, as a result of increasing competitiveness among ...
Aon to Manage BT's Captive
Aon Insurance Managers (Isle of Man) (AIM IOM) announced that it has been appointed as captive manager to the BT Group [formerly British Telecom] plc captive, the Isle of ...
De La Rochefoucauld to Head Lloyd's French Office
Lloyd’s announced the appointment of Guy-Antoine De La Rochefoucauld as the new Country Manager for its French office, effective the 7th of December.
The bulletin noted ...
Best Affirms Mondial Assistance, Jefferson 'A' Ratings; Outlook Stable
A.M. Best Co. has affirmed the financial strength rating (FSR) of 'A' (Excellent) and the issuer credit rating (ICR) of "a+" of Swiss-based Mondial Assistance International AG ...

