Insurer’s Climate Change Class Actions: More to Come? May 19, 2014 By Mica Rosenberg A major insurance company is accusing dozens of localities in Illinois of failing to prepare for severe rains and flooding...
Foreign Aid Arrives as Serbia, Bosnia Struggle with Record Floods May 19, 2014 By Gordana Filipovic International aid from the Baltics to the Bosporus began flowing to Serbia and Bosnia after the worst flooding on record...
Ratings Recap: Penn National, MGA, MAPFRE USA May 19, 2014 A.M. Best has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of...
Ratings Recap: PVI, PVI Re May 19, 2014 A.M. Best has upgraded the financial strength rating to ‘B++’ (Good) from ‘B+’ (Good) and issuer credit rating to “bbb”...
Europe Moves Ahead with Self-Driving Cars in Reponse to Google May 19, 2014 By Edward Taylor and Ilona Wissenbach Cars could be driving themselves down the world’s streets far sooner than expected, thanks to a change in a global...
Topa Insurance in California Names Donahue President and CEO May 16, 2014 Los Angeles, Calif.-based Topa Insurance Group named John Donahue president and chief executive officer. Donahue will provide leadership to all...
Illinois Senate Passes Ride Share Legislation May 16, 2014 The Illinois Senate this week passed legislation requiring app-based ridesharing companies’ primary insurance be in affect the entire time the...
Health Insurance Broker in N.J. Admits Pocketing Nearly $1M May 16, 2014 Federal prosecutors say an insurance broker has admitted stealing nearly $1 million while selling health care coverage he knew was...
Wisconsin Researchers Test Affordable Wooden Shelters May 16, 2014 By Barry Adams Bob Falk is frugal and a realist. The research engineer at Forest Products Laboratory in Madison, Wis. could have used...
Southern California Spot Power in Surges Due to Fires May 16, 2014 By Lynn Doan Spot electricity in Southern California surged as Sempra Energy’s San Diego Gas & Electric Co. utility worked to restore service...