Louisiana’s state-run property insurer of last resort is considering ways to close its multimillion-dollar budget gap, and either option would lead to increased costs to homeowners covered by traditional insurance companies. Steve Cottrell, chief financial officer for the Louisiana Citizens …
Some of the valuables found hidden in abandoned lockers on A&E’s “Storage Wars” have been added by producers to deceive viewers, a former cast member of the show claims in a lawsuit filed Tuesday. David Hester’s suit claims producers have …
Fire codes could be getting stricter in the Colorado Springs neighborhood devastated by last summer’s Waldo Canyon Fire. The Gazette reported that Colorado Springs’ city council has given preliminary approval to fire code changes to make homes more fire resistant …
As Americans do their best to plan for retirement, all it takes is a visit to a financial planner to realize the importance and value of long-term care insurance. The goal of purchasing it is two-fold: retaining as much of …
Florida officials have approved an emergency rule that will allow auto insurers providing no-fault coverage to use a form informing accident victims of their benefits under the state’s revised personal injury protection law. The Florida Cabinet approved the emergency rule …
Only 15 U.S. states plan to operate health insurance exchanges under President Barack Obama’s reform law, leaving Washington with the daunting prospect of creating and operating the new online marketplaces in at least two-thirds of the country. On the eve …
To say taxpayers made money from their investment in AIG is to libel the very concept of profit. Come to think of it, it may well be a gross insult to the idea of investment too. The Treasury Department announced …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘B’ (Fair) and issuer credit rating of “bb+” of Russia’s OJSC Transsiberian Reinsurance Corporation (Transsib Re), both with stable outlooks. The ratings of Transsib Re continue …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aaa” of United Services Automobile Association (USAA) and its property/casualty and life/health subsidiaries. Best also affirmed the debt rating of “aaa” …
The upcoming Protection and Indemnity (P&I) Club renewals are “poised to be the most challenging in a decade as a result of difficult economic conditions for ship operators, poor underwriting results and some of the largest claims in history,” a …
