A fragile global economy, excess capacity in virtually every line of commercial insurance and last year’s below-average catastrophic losses combined...
National News
A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a”...
A.M. Best Co. has placed under review with positive implications the issuer credit rating (ICR) of “bbb-” and debt ratings...
A.M. Best Co. has commented that the ratings of Chicago-based Old Republic International Corporation’s P/C, title and life operating subsidiaries...
Statehouse Casualty Managers and The Windward Group have entered into a preferred partnership with an A- / IX specialty lines...
CNA insurance companies recently formalized its relationship with SeaPass Solutions, Inc. to support the expansion of on-line quoting resources for...
President Barack Obama will press BP executives this week to set up an escrow account to pay damage claims by...
BP said the oil spill in the Gulf of Mexico had already cost it $1.6 billion and that it would...
The chances of BP declaring bankruptcy to deal with oil-spill claims are remote for now, bankruptcy professionals said, although that...
A watchdog panel says it’s still unclear whether U.S. taxpayers will ever fully recoup the $182 billion they plowed into...