While researching the safety of prescription drugs, New Hampshire Gov. Craig Benson ordered brand-name medicines from a Canadian online pharmacy for about half the cost of buying the same drugs in New Hampshire, he said. Benson used his credit card …
Despite a federal judge throwing out their high-profile class action age discrimination claim against Allstate Insurance Co., lawyers for the 6,400 agents say they are happy with the decision overall because it permits their ERISA (Employee Retirement Income Security Act) …
Standard & Poor’s Ratings Services announced that it has affirmed its ‘A-‘ long-term counterparty credit and insurer financial strength ratings on U.K.-based commercial and cargo lines writer CNA Insurance Co. Ltd. (CI) with a negative outlook . “The ratings on …
The Insurance Bureau of Canada has announced plans to concentrate its investigative efforts exclusively on auto theft and organized crime, and has therefore discontinued investigations of individual claims as of April 1. “This move is in the best interest of …
Bermuda-based Arch Capital Group Ltd. announced that the underwriters of the Company’s recent stock offering have exercised their option to purchase an additional 263,750 common shares at the offer price of $40.00 per share. “As a result of the exercise …
Montpelier Re Holdings Ltd. announced that certain of its founding shareholders had sold an aggregate of 4,000,000 common shares of the Company to Morgan Stanley. “The shares are being sold under the Form S-3 shelf registration statement which was declared …
The Property Casualty Insurers Association of America has released its analysis of “residual auto market populations” and has found a connection between such assigned risk plans and state rating laws. The study determined that these “markets of last resort” are …
American International Group will join a small select club next Thursday, April 8, when it becomes one of three new companies whose share price is used to calculate the Dow Jones Industrial average, “The Dow”. The 30 companies tracked by …
Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and financial strength ratings on the members of the Travelers Property Intercompany pool -Travelers Casualty and Surety Co. of America, and Travelers Casualty and Surety Co. of …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) of Munich Reinsurance Company of Canada (MROC) (Toronto, Ontario) with a stable outlook. Best noted that the rating reflects MROC’s role as a core subsidiary …
