Target’s Cyber Insurance Softens Blow of Massive Credit Breach February 26, 2014 By Dhanya Skariachan and Jim Finkle Target Corp. shares made strong gains after it reassured investors that customers were beginning to return to its U.S. stores,...
Best Affirms National Interstate Corp. and P&C Subs Ratings February 26, 2014 Along with its ratings announcement for the AFG Group, A.M. Best also affirmed the financial strength rating (FSR) of ‘A’...
Best Upgrades American Financial Group and Affiliates Ratings February 26, 2014 A.M. Best has upgraded the issuer credit rating (ICR) to “a-” from “bbb+” and the debt ratings of American Financial...
Winter Claims Cost Insurers $1.5 Billion Thus Far February 26, 2014 Near-record snowfall and prolonged extreme cold throughout many parts of the country have caused insurers to pay more than $1.5...
U.S. to Mandate Tests of Oil Being Transported by Train February 26, 2014 By Patrick Rucker Federal regulators issued an emergency order on Tuesday requiring oil from North Dakota being loaded onto trains to be tested...
Largest Insurers Would Face Asset Tax Under GOP Plan February 26, 2014 By Richard Rubin The biggest U.S. banks and insurance companies would have to pay a quarterly 3.5 basis-point tax on assets exceeding $500...
Supreme Court Allows Class Action in Closely-Watched Moldy Washer Cases February 25, 2014 By Greg Stohr The U.S. Supreme Court let consumers press ahead with class action lawsuits claiming that washing machines made by Whirlpool Corp....
Liberty Mutual Swings to Profit; 2013 Full-Year Income Rises 110% to $1.74B February 25, 2014 By Young Ha Liberty Mutual Holding Company Inc. and its subsidiaries today reported net income of $496 million for its 2013 fourth quarter,...
Travelers Adds Broad Form Plus+ to D&O Liability Portfolio February 25, 2014 Travelers has added Broad Form Plus+ to its portfolio of directors and officers (D&O) coverages as a way to protect...
Why Damages Caps Won’t Fix Malpractice Laws: Peter Orszag February 25, 2014 By Peter Orszag I have long believed that reforming U.S. medical malpractice laws could bring significant benefits, and new research supports that notion....