House Votes to Block Raising Truckers’ Minimum Insurance Limits June 13, 2014 By Andrew G. Simpson The House of Representatives voted narrowly this week to block the federal government from raising the minimum liability insurance limits...
Ratings Recap: Farmers Auto/Pekin, John Deere, Southern Pioneer P&C June 13, 2014 A.M. Best has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a”...
On the Road: Are America’s Guardrails Dangerous? June 13, 2014 By Patrick G. Lee Before dawn on Feb. 23, Darius Williams ran his Nissan Sentra off a North Carolina interstate at 80 miles per...
Best Affirms GEICO and GEICO Corp. Members Ratings; Outlooks Stable June 13, 2014 A.M. Best has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and the issuer credit ratings (ICR) of “aaa”...
BP Engineer Gets New Trial Over Oil Spill Evidence June 13, 2014 By Margaret Cronin Fisk A former BP Plc senior engineer found guilty last year of destroying evidence related to the 2010 Gulf of Mexico...
Berkshire Hathaway Specialty Jumps Into Surety with Zurich’s Delisio June 12, 2014 Continuing with its rapid expansion, Berkshire Hathaway Specialty Insurance is moving into the surety market, focusing on contract surety business....
All Risks Acquires Sports, Entertainment Broker Alive Risk from NAS June 12, 2014 Independent national wholesale broker All Risks Ltd. said it has acquired Alive Risk, a division of California-based NAS Insurance Services...
K&K Insurance Launches New Program for Entertainment Centers June 12, 2014 K&K Insurance Group, Inc., a subsidiary of Aon plc, has launched a new program with enhanced coverage options for entertainment...
AIG Invests $1.5 Billion in Commercial Lending With Oak Hill June 12, 2014 By Noah Buhayar American International Group Inc., the largest property/casualty insurer in the U.S. and Canada, joined private-equity firm Oak Hill Capital Management...
Hurricane Forecasts Good News for Already-Stable P/C Insurers: Fitch June 12, 2014 Early forecasts for the 2014 hurricane season indicate that moderate El Nino conditions are likely to persist throughout the year,...