Federal regulators are requiring that every financial institution have a program to detect and prevent identity theft on consumer accounts. The federal financial institution regulatory agencies and the Federal Trade Commission have issued final rules on identity theft “red flags” …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of UK-based UNUM Limited with a negative outlook. “The ratings reflect UNUM’s strong and stable business profile, strong operating performance and …
A.M. Best Co. has commented that the financial strength rating (FSR) of ‘A-‘ (Excellent) and the issuer credit ratings (ICR) of “a-” of California-based The Doctors Company Insurance Group (TDCG) and its members, which is led by The Doctors Company, …
Standard & Poor’s Ratings Services said today that it affirmed its ‘BBB’ counterparty credit rating on Commerce Group Inc. and its ‘A’ counterparty credit and financial strength ratings on CGI’s insurance operating companies: Commerce Insurance Co. and Citation Insurance Co. …
No one argues the need to revamp the regulatory structure of the insurance industry, but just how to reform regulation remains the big question for legislators considering the issue. Some in the insurance industry support further reform to the current …
Roughly 14,000 insurance claims have been filed as a result of last week’s fire and wind storms, according to the Insurance Information Network of California. Working in partnership with the Insurance Information Institute to review claims data, IINC and III …
North Carolina field crops are predicted to suffer great losses as a result of the state’s drought conditions. Soybean yields are projected to be at 20 bushels per acre, which will be the lowest yield since 1983. Peanut yields are …
Bumbo International of South Africa recalled about 1 million “Baby Sitter” seats after 28 reports of babies falling out of the seats, including three skull fractures, a U.S. government safety group announced. Babies are at risk for serious head injuries …
An magnitude 5.6 earthquake struck the San Francisco Bay Area last night, around 8 p.m., about 9 miles northeast of San Jose, according to the U.S. Geological Survey Earthquake Hazards Program. Ten aftershocks were felt, the largest with a magnitude …
The Property Casualty Insurers Association of America (PCI) elected new officers during its annual meeting in Boston today. Robert Joyce, chairman and chief executive officer of Westfield Group, was elected as the association’s new chair; John Blackburn, CEO of Country …
