A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aaa” of the members of Government Employees Group (GEICO), based in Chevy Chase, Maryland. Best also affirmed the ICR of “aaa” …
American International Group Inc. said it is open to new offers for its plane-leasing business and may pursue a public offering of the unit after a group of Chinese investors missed another deadline to buy the operation. The group, led …
Toyota Motor Corp. and lawyers suing the company were given more time to win final approval of a $1.1 billion settlement of claims that recalls related to unintended acceleration hurt the value of U.S. customers’ vehicles. U.S. District Judge James …
Crystal & Co., a worldwide risk and insurance advisor, has released the results of its Nonprofit Risk Survey, presenting a snapshot of risk awareness and exposure among U.S. nonprofit organizations, including human services, foundations, and community service, educational and religious …
BP Plc’s U.S. investors asked a federal court to grant class action, or group, status for their lawsuit claiming the company misled them before and after the 2010 spill in the Gulf of Mexico. The investors, led by the New …
Berkshire Hathaway’s Berkshire Hathaway Specialty Insurance, its recently formed commercial property casualty insurance group, has commenced operations, underwriting property, casualty, professional and executive liability insurance and programs for customers in the U.S. “It’s official: We are moving into commercial insurance …
The majority of insurance agencies (77 percent) directly attribute their fiscal growth during 2012-2013 to the use of technology, according to a new industry survey. The survey, conducted by Vertafore at this year’s NetVU (Network of Vertafore Users) conference, was …
A drop in the price of corn, rice and other crops may trigger so much additional aid to farmers under a bill being considered by the U.S. House that it would wipe out the bill’s projected savings in crop subsidies, …
The Equal Employment Opportunity Commission filed lawsuits this week against discount retailer Dollar General Corp. and a BMW manufacturing plant in South Carolina over their use of criminal background checks to screen out job applicants or fire employees. In both …
When the state of Mississippi begins offering subsidized health insurance under President Barack Obama’s reform law this year, residents will have only one choice – Magnolia Health Plan – a small insurer little known in most of the country. The …
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