A.M. Best Co. and Standard & Poor’s Ratings Services have taken slightly different views of France’s AXA Group’s agreement to purchase 100 percent of the share capital of the ING Group’s Mexican insurance subsidiary ING Seguros, for $1.5 billion (app. …
Rick Murray, Managing Director at Swiss Re, made some important observations on the insurance industry’s role in dealing with problems caused by the changing climate. Speaking at a United Nations Climate Risk Summit (also addressed by Al Gore) in New …
AXA Art, the specialty branch of France’s AXA Group that offers coverage for art works, has issued a bulletin “offering to conduct security protocol assessments of museums in its key markets. The goal is to identify weaknesses and to provide …
A national insurance advisory organization is updating the classifications it provides insurers for assigning fire protection rating factors. Wheaton, Ill.-based The American Association of Insurance Services (AAIS) develops policy forms and rating information used by more than 600 property/casualty insurers …
The sharpest debate so far over paying victims of the Interstate 35W bridge collapse broke out recently as a House panel unanimously backed a compensation fund and sent it on for more hearings. With survivors listening in the hearing room, …
Two insurance companies have refunded about $5.7 million to Colorado customers affected by billing and record keeping errors, state officials said Thursday. Anthem Blue Cross Blue Shield has restored nearly $3.2 million to more than 7,200 holders of its health …
A special Senate committee asked Allstate Insurance company executives to provide them more documents within two weeks in a letter mailed last week to the insurance giant’s chairman. Sen. Steven Geller, a Cooper City Democrat, and Sen. Jeff Atwater, a …
Agriculture officials say storm-related farm losses in Tennessee’s Macon County could surpass $29 million. The county’s livestock and tobacco industries were particularly hard-hit by the tornado that claimed at least 13 lives in Macon and 18 more across the state. …
Minnesota’s battle over smoking bans is making its way into private homes, as residents of one high-rise condominium along the Mississippi River have voted to make their building smoke-free. At La Rive Condominiums in Minneapolis, smoking will be prohibited in …
Gov. Janet Napolitano on Wednesday brushed off criticism of her plan to deploy automated speed enforcement cameras on Arizona highways, saying it makes sense both for public safety and to pay for important state spending. Besides, Napolitano said, “if you …
