While 33 percent of auto insurance consumers who shop because of price ultimately switch carriers, nearly 75 percent of those who shop because they have experienced poor customer service switch carriers, according to the J.D. Power and Associates 2007 Insurance …
No pair of pants is worth $54 million. A judge rejected a lawsuit that sought that amount by taking a South Korean dry cleaner’s promise of “Satisfaction Guaranteed” to its most legalistic extreme. Roy L. Pearson became a worldwide symbol …
Come clean, one lawmaker demanded of ex-EPA chief Christie Whitman. Tell us the truth about the health dangers in the air around ground zero, said another. Yet for three hours at a congressional hearing Monday — and for nearly six …
U.S. safety officials have ordered a New Jersey tire importer to recall as many as 450,000 tires that it bought from a Chinese manufacturer and sold to U.S. distributors. Foreign Tire Sales Inc., of Union, New Jersey, said an unknown …
A.M. Best Co. has placed the financial strength rating (FSR) of “A-” (Excellent) and issuer credit ratings (ICR) of “a-” of New York-based CastlePoint Insurance Company (CPIC) and Bermuda’s CastlePoint Reinsurance Company, Limited (CPRe) under review with negative implications. Best …
Dublin-based Research and Markets has added “Snapshots Brazil Insurance 2007” to their offering, as part of the research firm’s “Snapdatas” series. The report “provides 2005 year-end market size data, with 2006 estimates, 4 years of historical data and five-year forecasts,” …
The UK Treasury Department has officially handed over authority for regulating “travel insurance sold with a holiday or related travel” to the UK’s Financial Services Authority.’ The not unexpected decision (Discussions have been going on for some time – See …
Zurich Financial Services Group has appointed Kristof Terryn, 39 – a Belgian citizen – as its new Chief Operating Officer, Global Corporate, effective July 1, 2007. He will be responsible for driving business performance and improving Global Corporate’s operational infrastructure …
A.M. Best Co. has downgraded the financial strength rating to “B+” (Good) from “B++” (Good) and the issuer credit rating (ICR) to “bbb-” from “bbb” of Western Isles Insurance Company Limited (WIICL), which is based on the Isle of Man. …
Although no official estimates have yet been made, the recent floods in the UK will be costly. Four persons perished as heavy rains caused rivers to overflow and stranded travelers across Northwestern England, Wales and Northern Ireland. Maurice Fitzpatrick, business …
