The National Hurricane Center’s director says his organization would need tens of millions of dollars over the next decade for research to reduce substantially the errors in forecasting the intensity of hurricanes. In an interview with The Associated Press on …
The National Association of Insurance Commissioners (NAIC) is supporting a measure to provide an ongoing mechanism for dealing with Holocaust insurance claims. The U.S. House Financial Services Committee has reported out of committee H.R. 1746, the Holocaust Insurance Accountability Act …
A major consumer group, insurers together with Google Inc. and Microsoft Corp. said Wednesday they have agreed to standards intended to speed adoption of personal electronic health records. The electronic medical record field remains in its infancy. While U.S. privacy …
A.M. Best Co. has upgraded the issuer credit rating to “bbb+” from “bbb” and affirmed the financial strength rating of ‘B++’ (Good) of Guardian Insurance Company, Inc. of the U.S., Virgin Islands. The outlook for both ratings is stable. “These …
The Virginia State Corporation Commission is advising Virginians on how to save money on auto insurance. The SCC Bureau of Insurance says many insurance companies consider the length of daily commutes to work or school when determining rates. They may …
New York City officials told Congress this week that they are tightening requirements on tower construction cranes after a spate of recent accidents there, as well as others in Las Vegas and Miami. Robert LiMandri, the city’s acting Buildings Commissioner, …
“Lack of premium growth nationwide and diminished results in the Ontario auto segment restrained results for Canadian property and casualty insurers in the past year,” according to a newly published report from Standard & Poor’s Ratings Services. The study – …
A New York official says a dump truck that set off a fatal crash in Manhattan’s Chinatown should not have been on the road. State Department of Transportation spokeswoman Jennifer Post says the vehicle had defective components that needed to …
Fortis said on Thursday that it plans to shore up its finances with measures worth more than €8 billion ($12.56 billion), including issuing new shares, hitting its stock on dilution worries. The Belgian-Dutch financial services group said it would issue …
The world needs a shift as radical as the Industrial Revolution to cut greenhouse gas emissions by 2050, while safeguarding economic growth, the McKinsey Global Institute said on Thursday. Its study said that a modern “carbon revolution” to curb global …
