Fitch Ratings announced that it has placed China Insurance International Holding Co. Ltd.’s (CIIH) long-term rating of “BBB-” and the senior debt rating of “BBB-” assigned to the guaranteed issue of the wholly-owned subsidiary CIIH (BVI) Ltd. on Rating Watch …
Tropical Storm Cindy has been upgraded to hurricane status by the National Hurricane Center in Miami. Accumulated data analyzed by NHC indicates that Cindy was “a relatively short-lived tropical cyclone,” but the post-storm reanalysis and upgrade means that 15 Atlantic-based …
State-created Citizens Property Insurance has worked to come up with rules that will help its employees avoid conflicts of interest, but still needs to do more in that area, including developing a policy for picking contractors, an audit has found. …
A lack of meaningful tort reform in Florida has added unnecessary expenses to the insurance and healthcare industries in Florida, CFO Tom Gallagher told the Coral Springs, Fla. Chamber of Commerce Board of Trustees. One of two Republican candidates running …
Citing the risks exposed by Hurricane Katrina, a group of California Assembly Democrats unveiled legislation that could block some development in flood-prone areas and require homeowners living on flood plains to have flood insurance. Meanwhile, Assembly Republicans proposed a pay-as-you-go …
Adults age 65 and older are 2.5 times more likely to die in fires than the overall population, and as Americans age, their fire risk increases, according to a new report by the Department of Homeland Security’s U.S. Fire Administration …
Most people don’t know it, but there is a little black box in your car that tracks the way you drive. According to a recent account in the Kansas City Star, the metal box, about the size of a carpenter’s …
The Rhode Island Senate on a vote of 34-3 passed legislation to reduce the number of public appointees to the board of Beacon Mutual and free the state’s dominant workers’ compensation insurer to cover out-of-state employees of its in-state accounts. …
The 55 air ambulance accidents over the past three years didn’t have to happen, and federal safety investigators say they want to prevent future crashes with better pilot training, night vision goggles and crash avoidance systems. Basic safety equipment found …
Risk Management Solutions Inc. (RMS) released the findings of an in-depth study that provides life and personal accident insurers in Japan with key benchmarks for the potential risk of human casualties from catastrophic events. The RMS study, “Catastrophe Mortality in …
