A law implemented in the early 1990s designed to catch uninsured motorists instead has caused mostly innocent Oklahomans to have their drivers’ licenses suspended – and in many cases, they don’t even know it’s happened. The state Legislature passed the …
Gov. Brad Henry on June 9 signed into law a bill to expand health insurance coverage to small businesses and their employees. It was among more than a dozen bills passed during the final week of the legislative session that …
Liverpool, England, manager Rafael Benitez hit out at FIFA Saturday, saying clubs should be compensated when their players are injured while on international duty. Benitez’s outburst came days after France and Liverpool striker Djibril Cisse broke his leg in a …
A special coverage exemption granted to Hanover Insurance Co., a major commercial and home insurer in Louisiana, has been revoked. Hanover had been granted the exemption by former Insurance Commissioner Robert Wooley to a rule freezing insurance coverage to where …
Insurance adjusters in Louisiana would be licensed and ruled by a comprehensive set of regulations, under bills nearing final legislative passage. The legislation is in response to complaints among owners of damaged homes after Hurricane Katrina who said they were …
Herbert Haag, the former President and CEO of Bermuda-based reinsurer PartnerRe Ltd., has joined XL Capital’s Board of Directors. Haag founded Partner Re in 1993. He retired in December 2000 and served as a senior advisor to the Company for …
A.M. Best Co. has affirmed the financial strength rating of “B++” (Very Good) and the issuer credit rating of “bbb” of Trust International Insurance Company B.S.C. (c) Bahrain (TIIC). The outlook for both ratings remains stable. “The ratings reflect TIIC’s …
Widely circulated reports indicate that France’s AXA Group has entered into serious negotiations with Credit Suisse aimed at acquiring the bank’s Winterthur Group of insurance companies. The reports from Agence France Presse, the Wall Street Journal and the New York …
Swiss Re and General Electric have announced the completion of the sale of GE’s reinsurance business, GE Insurance Solutions, including Employers Reinsurance Corp. (ERC), to Swiss Re for between $7.4 billion, according to Swiss Re, or $7.8 billion, according to …
An earthquake measuring magnitude 6.2 struck the Southeastern peninsula of Japan’s main Island, Honshu, early Monday morning (local time). No deaths have been reported but at least five people suffered minor injuries. The quake’s epicenter was in was in Oita …
