January 31, 2014
Former Gov. Charlie Crist is leading Republican Gov. Rick Scott by 8 points in a new poll. The poll by Quinnipiac University also found that 54 percent do not think Scott deserves a second term as governor and that 41 …
January 31, 2014
Mississippi lawmakers could require insurers to disclose how much they collect in premiums and how much they pay in claims in each ZIP code under a bill advancing in the state legislature. House Bill 753 could spark more debate over …
January 31, 2014
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Swiss Reinsurance Company Ltd, European Reinsurance Company of Zurich Ltd, Swiss Re Europe S.A., based …
January 31, 2014
An oft-overlooked insurance coverage found in many commercial property policies called “contingent business interruption” coverage may provide insurance proceeds to companies throughout the watch industry to cover their economic losses suffered as a result of a fire that devastated the …
January 31, 2014
Chubb Corp., the insurer of corporate boards and high-end homes, said profit surged as margins improved a year after Superstorm Sandy. Fourth-quarter net income rose to $569 million, or $2.24 a share, from $102 million, or 38 cents, a year …
January 31, 2014
The U.S. Federal Aviation Administration cut India’s safety ranking for the first time citing a failure to meet requirements, a move that could thwart local carriers’ expansion to the world’s biggest aviation market. The FAA lowered the rating to Category …
January 31, 2014
The insured bill for the damage caused by the storms and flooding over the Christmas 2013 and New Year period looks set to cost £426 million [$701 million], according to the Association of British Insurers (ABI). The ABI said that …
January 31, 2014
The Bermuda-based Arch Capital Group Ltd. (ACGL) announced that its “U.S.-based subsidiaries (Arch U.S. MI) have completed the acquisition of CMG Mortgage Insurance Company (CMG MI) and the mortgage insurance operating platform of PMI Mortgage Insurance Co. (PMI). As part …
January 31, 2014
After mostly being split following the Affordable Care Act’s passage in 2010, the public’s views of the law became more negative after the troubled rollout of Healthcare.gov, and this month’s tracking poll by The Kaiser Family Foundation shows that they …
January 31, 2014
People who have experienced a disaster such as an earthquake, flood, or terrorist attack have a heightened perception of the risks posed by these and, in some cases, unrelated risks, according to a study involving 1,045 survivors of these incidents. …