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Arizona Insurance Council Elects 2012 Officers

The Arizona Insurance Council (AIC) has elected new officers for 2012. AIC is a non-profit, trade association focused on consumer education and partnership building on behalf of property and casualty insurers in Arizona. The AIC 2012 elected officers and the …

WTO approves Russia’s Membership after Marathon Meeting

Russia was admitted into the World Trade Organization on Friday after 18 years of negotiation, finally binding it into the global economy two decades after the Soviet Union collapsed. Russia’s $1.9 trillion economy was the largest outside the WTO, and …

Appeals Court in Texas Accepts State Farm Refunds Case

State Farm Insurance has asked an appeals court to throw out an order requiring the company to refund about $350 million to Texas customers. A three-judge panel of the 3rd Court of Appeals in Austin took the case under advisement …

Alabama Awaits Detail of Data Call from Windstorms

Regulators and consumer groups in Alabama are awaiting the results of a data call from insurers to see if they are quickly handling claims and resolving other residents’ claimants. Commissioner Jim Ridling issued the data call last month in the …

Best Places Aviva’s U.S. Subsidiaries Ratings under Review/Negative

Following its rating actions on the UK-based Aviva plc, A.M. Best Co. has placed under review with negative implications the financial strength rating (FSR) of ‘A ‘(Excellent) and issuer credit ratings (ICR) of “a+” of Iowa-based Aviva Life and Annuity …

Alaska Insurance Director Hall Re-Elected 2012 NIPR President

The board of directors of the National Insurance Producer Registry (NIPR) re-elected Alaska Insurance Director Linda Hall as NIPR president during its Dec. 13 meeting in Chicago. Hall has been a member of the NIPR board since 2003 and served …

Best Upgrades First Hawaii Ratings to ‘A’ on Tokio Marine Takeover

A.M. Best Co. has upgraded the issuer credit ratings (ICR) to “a+” from “a” and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) of First of Hawaii Group and its members. Best also removed the ratings from under review …

Ratings Recap: Aviva Canada, IRB-Brasil

A.M. Best Co. has placed under review with negative implications the financial strength rating (FSR) of ‘A ‘(Excellent) and issuer credit ratings (ICR) of “a+” of Aviva Insurance Company of Canada and its affiliates, Elite Insurance Company, Pilot Insurance Company, …

FEMA Expands Wildfires Declaration to 119 Texas Counties

The Federal Emergency Management Agency has expanded its wildfires disaster declaration area for Texas to include 119 counties. Gov. Rick Perry announced that FEMA has granted the state’s request to increase the original 45 counties eligible to seek disaster help. …

Illinois Judge Pulled from Asbestos Cases Will Return $30K in Donations

A judge who was assigned to hear all of the asbestos cases in her southwestern Illinois county was stripped of those cases after it was revealed her campaign committee received $30,000 in contributions from area law firms specializing in asbestos-related …

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