Risk Managers Find Santa Exposed, Urge $1 Billion Coverage Plan December 19, 2011 By Andrew G. Simpson Santa Claus will need a lot more than milk and cookies this Christmas—he’ll need about $1.2 million to pay for...
Best Affirms Ratings of Inter Hannover UK; Outlook Positive December 19, 2011 A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer...
Cat Assessment Firm PERILS Expands Coverage to Include UK Flood Risks December 19, 2011 PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, announced that it has extended its market coverage to...
Russian Oil Rig Sinks; More than 50 Feared Dead December 19, 2011 By Thomas Grove and Melissa Akin A drilling rig with 67 crew on board capsized and sank off Russia’s far eastern island of Sakhalin on Sunday...
Best Places MAPFRE PRAICO Group’s Ratings on Review/Negative December 19, 2011 A.M. Best Co. has placed under review with negative implications the financial strength rating of ‘A’ (Excellent) and issuer credit...
Flash Floods Kill More Than 530 in Philippines December 19, 2011 By Bullit Marquez and Jim Gomez As a storm that killed more than 530 in the southern Philippines raged outside the store where she works, Amor...
Nevada Caughlin Ranch Fire Claims Exceed $16 Million December 16, 2011 By Don Jergler Nevada’s insurance carriers have reported they have received around 600 claims as a result of the Caughlin Ranch Fire resulting...
Arizona Insurance Council Elects 2012 Officers December 16, 2011 The Arizona Insurance Council (AIC) has elected new officers for 2012. AIC is a non-profit, trade association focused on consumer...
WTO approves Russia’s Membership after Marathon Meeting December 16, 2011 By Douglas Busvine and Tom Miles Russia was admitted into the World Trade Organization on Friday after 18 years of negotiation, finally binding it into the...
Appeals Court in Texas Accepts State Farm Refunds Case December 16, 2011 State Farm Insurance has asked an appeals court to throw out an order requiring the company to refund about $350...