A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a+” of Zurich Insurance Company (ZIC), the main operating company of Swiss-based Zurich Financial Services Group (ZFS) and its subsidiaries. …
Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on the main operating entities of The Royal & Sun Alliance Insurance Group PLC (RSA) to ‘A’ from ‘A-‘. The outlook on all of …
The number of reported house fires and fire-related deaths in Michigan increased last year, with many homeowners not maintaining working smoke alarms, according to a report released today by the Michigan Association of Insurance Agents. Last year, there were 132 …
As Massachusetts’ landmark health care law nears another crucial deadline, its ripple effects continue to spread across the state and country. This week those charged with overseeing the law toasted what they said has been its single most dramatic success: …
A Massachusetts physician is responsible to all third parties who might possibly be affected by his failure to warn a patient about the side effects of a medication, the Massachusetts Supreme Judicial Court has ruled in a 3-3 decision that …
California’s State Compensation Insurance Fund “has weak corporate governance, inadequate internal controls in various areas and a general inability to plan for the long-term,” according to an operational review report released by the state Department of Insurance. Following up on …
Nobel Laureate Al Gore accepted the 2007 Nobel Peace Prize in Oslo Monday night Dec. 10 with a direct appeal to the U.S. and China to take action to curb greenhouse gas emissions, notably CO2. R. K. Pachauri, the Chairman …
The Greenlining Institute, a multi-ethnic advocacy organization, has fiiled a petition with the California Department of Insurance challenging Liberty Mutual Insurance Co.’s insurance rates. According to the advocacy group’s petition, Liberty Mutual is limiting its service to Californians, flouting insurance …
A Connecticut law firm, mortgage company and real estate broker have agreed to pay $700,000 in fines, forfeitures and restitution to settle allegations that they engaged in kickback schemes that cheated hundreds of home buyers for mortgage-related services, state officials …
Montana farmers who bought state hail insurance this year will receive a refund of 10 percent of the premiums they paid. The state Board of Hail Insurance approved the refunds after reviewing an actuarial report at its annual meeting. The …
