Participants on a panel session debating the pros and cons of proposed federal regulation of the insurance industry at the Casualty Actuarial Society’s (CAS) annual meeting agreed there is a need for regulatory reform, but strongly disagreed on how and …
Dry, gusty winds expected to blow through Southern California prompted weather officials to warn that parts of the region would be under increased risk of fire starting New Year’s Eve. The “fire weather watch” was scheduled to last from Monday …
With motor vehicle accidents claiming between 5,000 and 6,000 teen lives each year, a new survey commissioned by Allstate Insurance reveals that many teens do not take personal responsibility for safe driving and continue to engage in dangerous driving behaviors. …
Washington’s six-month rate holiday, during which employers and workers saved $315 million in workers’ compensation premiums, will end with the arrival of the New Year tonight, according to the state Department of Labor and Industries. For work performed on Jan. …
Susan Lynch has been promoted to manager of California State Compensation Insurance Fund’s Employee Assistance Program (EAP) in Human Resources. EAP helps State Fund employees address personal issues and maintain quality job performance. Lynch joined State Fund in 1987 as …
While 2007 was a surprisingly calm year for hurricanes, that doesn’t mean Mother Nature didn’t have a tantrum or two. In 2007, the West faced its share of disasters, with freezes, floods and fires making news headlines from California all …
A.M. Best Co. has placed the financial strength rating of ‘B+’ (Good) and the issuer credit rating (ICR) of “bbb-” of Georgia Casualty & Surety Company under review with positive implications. “The rating actions reflect the pending acquisition of this …
A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating (ICR) of “a-” of General Insurance Corporation of India (GIC) and has revised its outlook on both ratings to stable from negative. “The …
An insurance company can be required to defend policyholders accused of negligence in the aftermath of a deadly shooting spree conducted by their son, the Pennsylvania Supreme Court has ruled. However, the shooting spree that took five lives over several …
The debate over climate change captured the world’s attention, including the insurance industry’s, in 2007, while major hurricanes spared the United States’ coastline. The soft market took hold of virtually all segments of the insurance market and even buyers in …
