A U.S. appeals court in Atlanta will hear a lawsuit Wednesday challenging the constitutionality of the healthcare reforms signed into law by President Barack Obama a year ago. The suit, filed by more than half the states, could reach the …
A.M. Best Co. has downgraded the financial strength rating to ‘B-‘ (Fair) from ‘B+’ (Good) and the issuer credit rating to “bb-” from “bbb-” of First Jersey Casualty Insurance Company, Inc. (FJCIC), and has assigned a negative outlook to both …
Marsh now offers an option for organizations with significant earthquake and/or windstorm exposures that are unable to purchase enough insurance to adequately protect their assets. The new program is called Country Weighted Industry Loss (CWIL). Originally developed in 2010 by …
WKF&C PRO has added a new assisted living facilities program. The new program is available on non-admitted paper in all states except Alaska and certain counties in Fla., (Miami-Dade, Broward, Duval, Hillsborough, Manatee, Palm Beach, Pinellas and Orange Counties.). The …
From changing jobs to moving to a different house to downsizing vehicles, Americans have made decisions during the recent economic downturn that impact unexpected areas of their life – like car insurance. In fact, in the past year 53 percent …
The LexisNexis Insurance Exchange, a system that promises to improve how property/casualty agents, brokers and carriers collaborate on commercial lines accounts, is becoming available industry-wide. The system simplifies the submission of small and mid-sized risks by agents and brokers to …
The U.S. Supreme Court Monday rejected General Electric Co.’s legal challenge to part of a federal law that gives the Environmental Protection Agency the power to order companies to clean up hazardous waste. The justices let stand a U.S. appeals …
The severe thunderstorms that struck the United States from May 20 to the 27 will result in insured losses to residential, commercial, and industrial properties and their contents, and to automobiles of between $4 billion and $7 billion, according to …
Halliburton Co. suffered a legal setback Monday when the U.S. Supreme Court refused to make it harder for shareholders to proceed with some class-action securities-fraud lawsuits against publicly traded companies. The justices unanimously ruled that a U.S. appeals court erred …
Double-dip recession or not, people will still pay any price to have lunch with Warren Buffett. The annual charity auction for lunch with the legendary 80-year-old investor began Sunday night, and by Monday morning bids already topped $1.5 million. The …
