The Chevrolet Volt and Nissan Leaf got top safety ratings in some of the first-ever tests of electric cars by an insurer-funded research group. Both cars earned top scores for front, side and rear-impact crashes and for rollover crash protection, …
Catastrophe losses approached record levels in the first quarter but despite this commercial property/casualty insurance rate increases were confined to loss-affected exposures. In regions and for classes of business not affected by recent losses, there was little change in market …
A Florida commercial insurance agency, Lykes Insurance, has named three new risk consultants. Josh Helmut began his career in 2006 at Risk Services in Sarasota as a marketing representative. Most recently, he worked as a commercial agent at Brown & …
The National Weather Service has forecast that the Mississippi River will crest at Vicksburg and Natchez at the highest levels since 1937. Forecasts are the river will crest at 52.5 feet in Vicksburg on May 13 and at 60 feet …
The U.S. Supreme Court considered Monday whether to make it more difficult for shareholders to proceed with certain class-action securities-fraud lawsuits against publicly traded companies. The hour-long arguments before the justices in the case comes at a time when dozens …
Strate Insurance Group Inc. of Morristown has become Keystone Insurers Group’s sixth franchise partner in Tennessee. Strate Insurance Group President Tom Strate and Keystone Tennessee Vice President Doug Dukes announced the new arrangement. Strate Insurance has provided insurance and benefits …
Five Japanese life insurers say they may buy more unhedged foreign bonds, believing that the yen is likely to weaken and that the currency risks are low enough for them not to take on higher hedging costs, a stance that …
Standard and Poor’s threatened to cut Japan’s sovereign credit rating again, warning the huge cost of last month’s devastating earthquake will hurt already weak public finances unless bickering politicians can agree to raise taxes. It affirmed its long-term sovereign credit …
Weather Service International [WSI] forecasters predicted an active 2011 Atlantic hurricane season Tuesday, with 15 named storms, eight of which are expected to become hurricanes. Of these, four are expected to develop into major hurricanes of Category 3 or higher …
