Senate Committee Passes Federal Flood Insurance Reform Legislation September 8, 2011 As many property owners continue to recover from hurricane and tropical storms Irene and Lee and new storms form offshore,...
Best Affirms Donegal Insurance Group & Members, Michigan Ins., Donegal Group September 8, 2011 A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A ‘(Excellent) and issuer credit ratings (ICR) of ‘a’...
Ratings: Commerce Protective, Stonington/Lantana, Farmers Mutual, One Beacon Lloyd’s, Texas Medical September 8, 2011 A.M. Best Co. has downgraded the financial strength rating to ‘B+’ (Good) from ‘B++’ (Good) and issuer credit rating to...
ACE to Acquire Penn Millers September 8, 2011 Penn Millers Holding Corp., which provides property and casualty insurance through its wholly owned subsidiary, Penn Millers Insurance Co., has...
Mortgage Lawsuits Target Individuals As Well As Banks September 8, 2011 By Jonathan Stempel By suing 131 individuals in its effort to recover losses on $200 billion of mortgage debt that went sour, the...
White House: Irene’s Federal Cost $1.5 billion September 8, 2011 By Alan Fram The White House estimated this week that Hurricane Irene will cost federal taxpayers $1.5 billion in disaster relief, further ballooning...
Chartis Enhances Fiduciary Liability Coverage for Organized Labor September 7, 2011 Chartis has made two enhancements, developed by its Executive Liability division, to its fiduciary liability insurance solutions for organized labor....
White House Requests $5.2B in New Disaster Funds September 7, 2011 By Andrew Taylor The White House told Congress last week there’s a need for more than $5 billion in additional disaster relief money,...
Regulator Defends Suit Against Lenders Over Mortgage-Backed Securities September 7, 2011 The U.S. Federal Housing Finance Agency said Tuesday it decided to file lawsuits against 17 financial institutions last week because...
NSM Insurance Group Acquires AFPD September 7, 2011 Geof McKernan, CEO of Philadelphia-based NSM Insurance Group, announced the acquisition of AFPD, a national program administrator for Lawyers and...