A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Protective Insurance Company (PIC) and its wholly owned subsidiary, Sagamore Insurance Company, as well as the FSR of ‘A’ …
A U.S. judge’s ruling Friday against BP Plc means the company can proceed with its appeal of the way a court-appointed administrator apportions payments for claims related to the 2010 Gulf of Mexico oil spill, some of which BP called …
Commercial insurance rates were up about five percent in March, according to the latest barometer from MarketScout and the National Alliance for Insurance Education and Research. Manufacturing continues to post the largest rate increases as compared to prior year results …
Matt McCabe, a former congressional advisor on cyber security, has joined Marsh’s Network Security and Privacy Practice as a senior vice president. In his new role, McCabe will be responsible for advising Marsh clients on emerging cyber security trends and …
A new report on teen driver safety by The Children’s Hospital of Philadelphia (CHOP) and State Farm shows encouraging trends among teen passengers. From 2008 to 2011, risky behaviors of teen passengers (ages 15 to 19 years) declined: the number …
Four mortgage insurers agreed to pay about $15 million to settle claims that they paid kickbacks to mortgage lenders in exchange for business, the U.S. consumer watchdog said on Thursday. The Consumer Financial Protection Bureau said the deals took place …
Starr Aviation (Starr), a division of Starr Indemnity & Liability Co., has partnered with the Society of Aviation and Flight Educators (SAFE) and Redbird Flight Simulations (Redbird) to reward participation of insureds in the Pilot Proficiency Project. Available at major …
Wholesaler KF&B, Inc. has launched a new auto liability program for buses with up to $5 million in liability limits. The program is available in all 50 states through admitted carrier ProSight Specialty Insurance. It is designed for charter, sightseeing, …
The U.S. Transportation Department said on Thursday it is looking at ways to expand its vehicle safety ratings in response to rapidly changing technology, including the addition of ratings to help inform older drivers. Innovations such as blind-spot detection and …
XL Group’s Private Commercial insurance business has added wrongful Internet usage protection to its employment practices liability coverage as part of its management liability package to help employers contend with risks posed by employees’ online activities and social media networking, …
