Study: Major Earthquake Could Hit Tokyo Within Years January 25, 2012 By Mari Yamaguchi A new study is warning that the Tokyo region has a 70 percent chance of being hit directly by a...
Kentucky’s Churchill Downs, Jockeys’ Guild Reach Insurance Agreement January 25, 2012 Churchill Downs Inc. and the Jockeys’ Guild have reached an agreement to subsidize riders’ health insurance, life insurance and disability...
January P/C Reinsurance Renewals Flat or Up Slightly: Towers Watson January 25, 2012 January 1 renewal rates for U.S. property/casualty reinsurance premiums showed firming with changes from -5 percent to +5 percent on...
Loreley Financing Sues Citigroup Over $1 Billion Investments January 25, 2012 By Karen Freifeld Citigroup Inc. was sued for fraud by Loreley Financing over nearly $1 billion worth of collateralized debt obligations purchased in...
Court Upholds Travelers vs. Reinsurers in Big Asbestos Award January 25, 2012 By Ben Berkowitz A New York appellate court affirmed a $420.4 million ruling in favor of insurer The Travelers Companies, handing it a...
Crop Insurance Payouts at a Record $9.1 Billion January 25, 2012 Crop insurers paid out a record $9.1 billion in indemnities on 2011 U.S. crops, and the total could top $10...
Report: Most Workplace Homicides Happen During Robberies January 25, 2012 By Stephanie K. Jones What do robberies and healthcare patients have in common? Workplace violence. While the numbers of workplace homicides and injury-causing assaults...
Ratings Roundup: Montpelier US, Medico, First Sealord, Pathfinder January 24, 2012 A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A+’ (Superior) from ‘A-‘ (Excellent) and issuer credit rating...
Best Places PartnerRe and Operating Subs Ratings on Review/Negative January 24, 2012 A.M. Best Co. has placed under review with negative implications the financial strength rating (FSR) of ‘A+’ (Superior) and issuer...
Cruise Liners Need Tighter Safety Rules Say Marine Insurers January 24, 2012 Passenger ship operators should tighten up safety procedures and crew training standards to prevent a repeat of the Costa Concordia...