U.S. Representatives Ginny Brown-Waite (FL) and Vern Buchanan (FL) today introduced the Homeowners’ Insurance Protection Act of 2007, a comprehensive catastrophic insurance bill that would establish a federal reinsurance catastrophic fund (cat fund) as a federal backstop for future natural …
The Tulsa Zoo will soon showcase an exhibit featuring a prototype for environmentally friendly and disaster-proof homes of the future. State Farm Insurance and American Electric Power-Public Service Company of Oklahoma each contributed $50,000 on to build “The Millennium Center.” …
Carmel, Ind.-based Conseco, Inc. has announced that W. Mark Johnson has joined the company as senior vice president and chief compliance officer. In this role, Johnson will direct compliance functions at all Conseco locations, overseeing activities at Conseco Insurance Group, …
Imagine public adjustor being caught red-handed on an insurance agent’s digital camera causing damage to a home that was supposedly a result of a storm. This scenario involves just one of the criminals highlighted on 2006’s Top 10 Pennsylvania Insurance …
Sun Prairie,Wis.-based insurer General Casualty, its U.S. holding company and sister company Unigard Insurance Group in Bellevue, Wash., are being acquired by Australia-based QBE Insurance Group in an agreement with current parent companies Winterthur Insurance Group in Switzerland and Paris-based …
A 1990 law automatically terminating life insurance policies between married couples when they divorce doesn’t apply to policies signed before the law passed, the Ohio Supreme Court ruled this week. In a unanimous decision, the justices said it is unconstitutional …
Understanding the differences among drivers in different gender and age categories is crucial to preventing serious injuries, according to researchers in a new study showing stark statistical differences in traffic-accident injuries depending on the gender and age of drivers. The …
Bermuda-based Aeolus Ltd. announced that its parent holding company, Aeolus L.P., has increased its capital base to over $1 billion. The new capital is being supplied from a group of investors led by Warburg Pincus, an initial investor in the …
A.M. Best Co. has assigned an indicative rating of “bbb+” to the forthcoming issue of dated fixed/floating rate subordinated notes and an indicative rating of “bbb” to the forthcoming issue of U.S. dollar-denominated non-cumulative perpetual preferred shares to be issued …
A.M. Best Co. has affirmed the financial strength rating of “A” (Excellent) and the issuer credit rating of “a+” of New Zealand’s Sovereign Assurance Company Limited with a positive outlook. “The ratings reflect Sovereign’s sustainable market leadership, consistent overall operating …
