The Geneva-based International Labor Organization has announced a partnership with the Bill & Melinda Gates Foundation that aims to develop new kinds of insurance and improve existing products to promote decent work for tens of millions of low-income people in …
German insurer ERGO, Munich Re’s primary insurance subsidiary, announced that it has reached an agreement with Daum Communications and LIG Insurance to purchase a 65 percent stake in the South Korean monoline insurer Daum Direct Auto Insurance. LIG Insurance will …
A former West Virginia doctor facing more than 120 medical malpractice cases lists few assets and a pile of debt in a document filed as part of his bankruptcy proceedings in Alabama. John King’s assets consist of a 1993 Volvo …
A small earthquake shook houses and woke up residents in western North Carolina but no damage or injuries have been reported. The U.S. Geological Society said the 3.1-magnitude quake struck just after 6 a.m. on Friday about six miles east …
ABD Insurance and Financial Services, a Division of Wells Fargo Insurance Services and a provider of global risk management and employee benefits solutions, announced that Andrej “Andy” Stoelting has joined the company as a producer/broker in the company’s Redwood City, …
The Hanover Insurance Group, Inc. reported that it is lowering insurance premiums in Massachusetts for new and renewal motorcycle policies by 8.5 percent. The new rates will be effective on April 1, 2008. They are the first to be placed …
A new report from the legislature’s watchdog agency found no evidence Virginia’s new fees on bad motorists deter abusive driving. The steep civil penalties for egregious behind-the-wheel behavior are applied inconsistently, according to the Joint Legislative Audit and Review Commission. …
Only three people have been charged so far under a Rhode Island law intended to deter parents from permitting underage drinking at their homes, according to a review of court records. The General Assembly last year passed the so-called “social …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘B++’ (Good) and the issuer credit ratings (ICR) of “bbb” of AXA Corporate Solutions Reinsurance Company (AXA CS Re) and its subsidiary, AXA Corporate Solutions Life Reinsurance (AXA CS …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating (ICR) of “a-” of Korean Reinsurance Company, and has revised its outlook on both ratings to positive from stable. “The ratings reflect the …
