A powerful undersea earthquake near the island of Sumatra triggered the worst series of tidal waves, or tsunamis, in living memory. Preliminary estimates put the death toll at 23,000. Sri Lanka posted the worst losses with more than 11,000 people …
Despite reports suggesting otherwise, there was no Christmas present for the business targets of New York Attorney General Eliot Spitzer after all. Spitzer, criticizing a New York Times story of Dec. 25, affirmed that he has no intention of ceding …
New York Attorney General Eliot Spitzer subpoenaed Atlanta-based Crawford & Co. as part of an ongoing investigation about how the insurance industry does business, not because there is any issue with Crawford & Co.’s integrity, Thomas W. Crawford, chief executive …
San Diego-based Driver Alliant Insurance Services Inc., along with its parent company, Alliant Resources Group Inc., announced that they will be eliminating their contingent income agreements with insurance carriers. Alliant is one of the largest U.S. insurance brokerage and financial …
A.M. Best Co. announced that it has affirmed the financial strength rating of “B++” (Very Good) of SCOR Canada Reinsurance Company, and has assigned the company an issuer credit rating of “bbb+.” The outlook for both ratings is positive. “These …
A.M. Best Co. announced that it has affirmed the financial strength ratings of “A+” (Superior) and assigned an “aa” issuer credit rating to Swiss Reinsurance Company and of its core subsidiaries. Best also noted that it has affirmed the ratings …
A new study commissioned by the California Applicant Attorney Association (CAAA) is seriously defective, and just another part of their relentless campaign to undermine implementation of recently enacted workers’ compensation reforms, said the American Insurance Association (AIA). CAAA’s study, entitled …
A pilot program for rangeland insurance, criticized by some for how it calculated losses, has been revamped and expanded to include more producers in Montana and Wyoming, a federal agriculture official said Dec. 20. Beginning with the 2005 crop year, …
Hilb Rogal & Hobbs has released its Directors and Officers Liability Snapshot and Insurance Market Forecast for 2005. Legislation, regulatory activity, litigation and corporate governance requirements continue to impact the exposure of directors and officers to liability. Recent decisions and …
Texas Lt. Gov. David Dewhurst once again called on State Farm to reduce homeowner’s insurance rates recently as he laid out the second part of the Texas Legislature’s insurance reform effort, the Associated Press reported. Sen. Mike Jackson, R-Pasadena, filed …
