Updated: November 20, 2009, 12:57 pm 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 ...
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 ...
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 ...
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 ...
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 ...
ACE Europe Warns Global Recession Creates New Supply Chain Risks
Phil Wall, Senior Account Engineer at ACE, speaking at The Economist Risk Summit in London on Thursday, urged businesses to recognize that initiatives designed to reduce costs ...
Lloyd's '360 Report' Highlights Microinsurance Opportunities
A new report produced by Lloyd’s 360 Risk Insight and the Microinsurance Centre - Insurance in developing countries: exploring microinsurance and other commercial ...
UN Climate Chief Seeks $10 Billion from Rich Nations to Help Poor Countries
The U.N. environmental chief called on rich nations Thursday to pledge $10 billion a year for three years at next month's Copenhagen summit to help poor states begin to tackle ...
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 UK Sees Decreased Commitment by Insurers to Food Industry
A study from Aon UK warns that "insurers may reduce the amount of capital they’re willing to commit to the food industry in Q4 2009 and into 2010. Only companies that can ...
Best Affirms Ratings Flagstone Re Africa's 'A-' Ratings; Outlook Stable
A.M. Best Co. has affirmed the financial strength rating (FSR) of 'A-' (Excellent) and issuer credit rating (ICR) of “a-” of Flagstone Reinsurance Africa Limited, ...
Canada's Sun Life Financial Considering U.S. Insurance Acquisitions
Canada's Sun Life Financial Inc. said Thursday it is seeking acquisitions to expand its U.S. insurance business but believes organic growth is the better way to gain market ...
