A massive remapping project is under way, re-evaluating the flood plains in counties and municipalities across metro Atlanta and the rest of the state. The joint effort with the Federal Emergency Management Agency has been spearheaded by the Georgia Department …
A New York state judge granted the request of dozens of investors including pension funds, insurers and several Federal Home Loan Banks to intervene in Bank of America Corp.’s proposed $8.5 billion settlement with investors who lost money on mortgage-backed …
Hurricane Irene was expected to strengthen over the next few days and could hit the southeastern United States as a large and powerful storm late in the week, forecasters said Tuesday. The U.S. National Hurricane Center’s forecast indicated Irene, now …
A.M. Best Europe – Rating Services Limited has upgraded the financial strength rating to ‘B+’ (Good) from ‘B’ (Fair) and issuer credit rating to “bbb-” from “bb+” of Nigeria’s Continental Reinsurance Plc, both with stable outlooks. The rating upgrades reflect …
The London-based Collinson Insurance Group has appointed Steve Scott to the newly created post of Wholesale Sales and Strategy Director in a move aimed at expanding its wholesale division. Scott joins Collinson from FirstAssist Insurance Services Limited, where he was …
Hurricane Irene, threatening to become the first hurricane to hit the United States in three years, could be the catalyst the insurance industry has been seeking in its quest for across-the-board premium increases after years of weakness. Like speculators in …
The Association of British Insurers notes that the industry made a “total contribution of £10.4 billion [$17.21 billion] to the Exchequer – which would cover the entire £10.2 billion [$16.9 billion] Home Office budget. Insurance companies in the Hundred Group …
ACE announced from its London office that it has appointed Marie Biggas to the position of underwriter for terrorism and political risks for ACE Overseas General (AOG). She joins ACE from the Chaucer Syndicate, and will continue to be based …
The U.S. Equal Employment Opportunity Commission has sued a national insurance company, contending the firm violated federal law by refusing to hire a North Carolina man after he disclosed he was participating in a methadone treatment program for a drug …
Planned steps to boost global nuclear safety after Japan’s Fukushima disaster will not lead to any major increase in costs for reactor operators, the U.N. atomic energy chief says. “It is true there is additional cost. For private companies spending …
