As claims reportedly continue to pour in, Georgia Insurance Commissioner John Oxendine said insured losses in Georgia from Hurricane Dennis now exceed $10 million. “Damage to insured homes, vehicles and businesses is included in this estimate,” Oxendine said. “It’s at …
The 143rd Delaware General Assembly wrapped up its 2005 biennial session with the passage of the budget bill on June 30 and without the passage of legislation that would have negatively impacted insurers according to the Property Casualty Insurers Association …
Auto safety groups said that a highway and transit bill approved by Congress would help deter drunken driving, encourage states to pass primary seat belt laws and lead to safer vehicles, reported the Associated Press. The safety provisions, part of …
A poll by the MetLife Mature Market Institute conducted by Zogby International shows that 60 percent of Americans believe “old” is age 71 and over, but that 65 percent also wish they were under 40. “Since the population is aging …
A.M. Best Co. affirmed the financial strength ratings of “A+” (superior) and assigned issuer credit ratings of “aa-” to the Hartford Insurance Pool and its members. Concurrently, Best assigned an ICR of “a-” to Hartford Financial Services Group Inc. and …
Insurance ratings standard-bearer A.M. Best Co. assigned a financial strength rating of “A+” (superior) and an issuer credit rating of “aa-” to the members of the newly formed pool, St. Paul Travelers Insurance. Cos., headquartered in St. Paul, Minn. This …
A.M. Best Co. assigned a financial strength rating of “A-” (excellent) and an issuer credit rating of “a-” to Beazley Insurance Company Inc. of Omaha, Neb., a newly formed U.S. insurer that is part of the Beazley Group plc. Both …
A.M. Best Co. placed the financial strength ratings of “A” (excellent) for American Re Corporation Group’s member companies under review with negative implications. Member companies include American Re-Insurance. Co., American Alternative Insurance Corp. and The Princeton Excess & Surplus Lines …
Massachusetts Court Favors Homeowners in Trespass by Golf Balls To drive home her point, Joyce Amaral lugged six plastic buckets containing a total of 1,800 golf balls into court. The balls were just some of those she claimed to have …
Alabama Insurance Commissioner Walter A. Bell described his state’s insurance market as “impressive” and as a “healthy market, trending upward,” during the Alabama Independent Insurance Agent’s annual conference and exhibit in Destin, Fla. “That is pretty impressive, we rank 27th …
