Standard & Poor’s Ratings Services has published its updated methodology for assessing insurers’ economic capital models on Jan. 24, 2011. S&P said the announced criteria “apply to all the life and health insurers, property and casualty insurers (frequently called non-life …
A.M. Best Europe – Rating Services Limited has revised the outlook to stable from negative and affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating of “a” of Italy’s Societa Cattolica di Assicurazione – Societa Cooperativa. …
The Alabama Supreme Court has thrown out a $3.2 million judgment against a Montgomery hospital, ruling for the first time that a hospital affiliated with a state university shares the state’s immunity from lawsuits. In their 5-3 decision released on …
Bank of America Corp.’s Countrywide mortgage unit has been sued by investors claiming they were victimized in a ‘massive fraud” when they bought mortgage-backed securities. The lawsuit was filed on Monday in a New York state court by 12 plaintiffs …
Most Americans do not want Congress to block funding for various new healthcare measures even as the nation remains split on the sweeping overhaul passed last year, a poll published Tuesday found. More than half of those surveyed — 62 …
A federal judge has ruled that a barge that landed on top of several homes in the Lower 9th Ward in New Orleans did not cause the floodwall to break during Hurricane Katrina. U.S. District Judge Stanwood Duval Jr. of …
A Texas commission looking into an arson investigation that led to the execution of the man convicted of starting the fatal fire decided last Friday to move ahead with a report on the case even though its authority is not …
Kansas Insurance Commissioner Sandy Praeger has named a new general counsel, a new consumer assistance director and made title changes for two staff members at the Kansas Insurance Department (KID). Praeger named Zachary J.C. Anshutz as general counsel. She also …
A new Tennessee law is requiring all construction firm owners to register with the state if they choose to opt out of the state’s workers’ compensation system. The new law is designed to protect general contractors from having to pay …
Some of Florida’s largest insurance companies have banded together and formed the Personal Lines Insurance Federation of Florida to lobby for changes in the state’s regulatory environment in an effort to spur growth in the personal lines market. Allstate Insurance …
