AIR Worldwide Corporation (AIR) of Boston has released updated reconstructed weather data for stations throughout the U.S. The update by AIRWeather™, AIR’s weather risk management service, provides weather derivatives traders a consistent and temporally homogenized historical temperature time series for …
Both the American Insurance Association (AIA) and the Alliance of American Insurers urged Florida policyholders, insurers, and regulators to take a rational approach to mold issues at a recent hearing held by the constraint by the Florida Department of Insurance. …
A Mayes County, Okla., District Court jury ordered Transwood Inc., a national trucking company headquartered in Omaha, Neb., to pay its Pryor, Okla. office assistant/part-time driver $2.176 million in a wrongful termination suit that she filed on behalf of her …
The New York law firm of Wechsler Harwood Halebian & Feffer announced that it has filed a class action lawsuit in Federal Court in Illinois on behalf of shareholders against Aon Corp., following revelations of misstatements in the company’s earnings …
Gary Mendoza, Republican Nominee for California Insurance Commissioner, captured the endorsement of 22 of the 32 Chapters of the Mexican-American Political Association, Aug. 17 at MAPA’s 43rd Endorsement Convention. “I appreciate the historical importance of MAPA, and I am honored …
California State Senator Jackie Speier’s (D) latest attempt to overhaul operations of the financial services industry will backfire and consumers will pay the price, according to the American Insurance Association (AIA). “Here we go again,” Bill Gausewitz, AIA assistant vice …
The Personal Insurance Federation of California (PIFC) and the National Association of Independent Insurers (NAII) say they are opposed to a proposal by the California Department of Insurance (CDI) to change the current rate approval system to a “one-size-fits-all” formula. …
A.M. Best announced that it has affirmed its A+ (Superior) financial strength ratings for Hannover Ruckversicherungs AG and other entities of the German-based reinsurer, but maintains a “negative outlook.” “These rating actions reflect Hannover Re’s excellent business position and historically …
Standard & Poor’s Ratings Services announced that it has lowered its long-term counterparty credit and insurer financial strength ratings on various operating entities of U.K.-based Royal & Sun Alliance Insurance Group PLC (R&SA) to single-‘A’ from single-‘A’-plus with a negative …
Despite both good and bad news, France’s AXA Group released preliminary estimates showing an operating profit of €1.02 Billion ($1 billion) for the first half of 2002, compared to € 880 million ($867 million) in the same period last year, …
