Fitch Ratings has issued a report, “Bird-Flu – Will It Ruffle The Industry’s Feathers?” which indicates that “life insurers and their reinsurers would be most likely to be the hardest hit by a bird flu pandemic.” However Fitch said it …
A.M. Best Co. announced that it has affirmed the financial strength rating of “B+” (Very Good) and the issuer credit rating (ICR) of “bbb-” of Lebanon-based Arab Reinsurance Company S.A.L. with a stable outlook “The ratings reflect Arab Re’s strong …
Insurance losses from Tropical Cyclone Larry, which struck Northern Australia last week (See IJ Website March 20, 22), have reached A$250 million (U.S. $177.3 million), according to the Insurance Disaster Response Organization (IDRO). So far around 12,500 claims have been …
According to Aon’s first “Global Market Property Tracker” the “slide in international property insurance rates” appears to be continuing despite “a number of terrorism incidents around the world and the worst year on record for natural disasters.” The only exceptions …
Aon said the results of a survey conducted at its 9th Latin American Energy Insurance Conference in Cancun, Mexico, indicated that a majority of participants expect insurance rates to soften for non-U.S. programs later in 2006. According to the survey, …
The Coalition Against Consumer Fraud and the Ohio Department of Insurance have reported that two former dental office employees, Alberta Fay Clark and Tammie Creamer, have been indicted for alleged insurance fraud, theft and money laundering totaling approximately $200,000. Clark …
Tips about how to prepare for hurricanes and tropical storms and lessen the impact of a major storm have been posted on the Florida Department of Financial Services website. According to DFS, Floridians may be entitled to discounts on insurance …
Wisconsin’s legal climate for businesses has gone downhill faster than that of any other state after a series of court rulings expanded the liability of companies, the U.S. Chamber of Commerce says in a new report. Corporate lawyers surveyed for …
A Miami-Dade County man has been arrested for practicing dentistry without a license and submitting fraudulent Medicaid claims according to Florida’s Attorney General Charlie Crist. Orlando Sotolongo Guarton allegedly posed under the name of an actual licensed dentist for the …
Mississippi Attorney General Jim Hood has issued a statement claiming that Allstate and State Farm are causing more delay in having the state’s Katrina-related lawsuit against them heard. Allstate and State Farm are asking a federal judge to reconsider his …
