Insurance Too Pricey for Anti-Wall Street Protesters in Duluth, Minnesota November 23, 2011 Anti-Wall Street protesters ignored police orders to get a permit and limit their encampment to one tent in downtown Duluth,...
Merger, Acquisition Activity Remains Muted in 3Q November 23, 2011 Financial market volatility and a difficult operating environment continued to stifle mergers and acquisitions activity for the property/casualty insurance industry...
Ratings Recap: Standard Casualty, Grinnell, Erie & Niagara, Northwest GF Mutual November 23, 2011 A.M. Best Co. has upgraded the financial strength rating to ‘A-‘ (Excellent) from ‘B++’ (Good) and issuer credit rating to...
Georgia Jury Awards $9.85 Million in Child’s Drowning November 23, 2011 A Gwinnett County jury has awarded $9.85 million in damages in a wrongful death lawsuit brought by parents of a...
AIG Unlikely to Take Q4 Reserve Charges: Barclays November 23, 2011 Bailed-out insurer American International Group is unlikely to add to reserves in the current quarter, though investors may not be...
Bank of America Reaches Settlement in Countrywide Case November 23, 2011 By Rick Rothacker Bank of America Corp. has reached a settlement with former Countrywide Financial Corp. institutional investors who decided not to join...
Ratings Recap: BEST RE, Garant, ZEP-RE, East Africa Re, Custodian November 23, 2011 A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A- ‘(Excellent) and issuer credit rating...
Best Affirms AXIS Specialty, Affiliates Ratings; Raises Outlook to Positive November 23, 2011 A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating (FSR) of ‘A’...
Lockton Market Update Sees Signs of End to Executive Risks Soft Market November 23, 2011 A new updated report from insurance broker Lockton concludes that the “prolonged buyer’s market in the executive risks insurance market...
Willis Re Canada Appoints Bradshaw as Board Chairman November 23, 2011 Willis Re Canada marked the completion of its first full year of operations in the country with the announcement of...