First Insurance Company of Hawaii has lowered the homeowners insurance rates in its First Select Portfolio — a package policy that combines homeowners, personal auto and personal umbrella insurance — by an average of 8.5 percent. The new lower rates …
Warren Buffett said the U.S. economy is still in a recession and unlikely to improve before 2009 but that stocks appear better valued than a year ago. The billionaire investor also said there is a “reasonable chance” shareholders of Fannie …
A Florida company has filed a lawsuit against Cedar Rapids, Iowa challenging the city’s decision to reject its bid to demolish flood-damaged buildings. Bunnell, Fla.-based Bamaco Inc., filed its lawsuit on August 19 in Linn County District Court. The company …
Natural catastrophe legislation passed by the U.S. House of Representatives and pending in the U.S. Senate would create a multi-billion dollar burden on taxpayers in at least 20 states, according to a new study released yesterday. The federal legislation would …
The Insurance Industry Charitable Foundation based in Walnut Creek, Calif., has awarded its 2008 charitable grants to outstanding nonprofit agencies in California. The following organizations received recognition and financial support: The City of Hope, honoring a 15-year funding relationship with …
A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and the issuer credit rating (ICR) of “aa-” of Spain’s MAPFRE RE, Compania de Reaseguros, S.A. with a stable outlook. “The ratings reflect MAPFRE RE’s integral role within …
M.J. Hall has a preferred, admitted homeowners market that is rated “A-” by A.M. Best for California. For the California territory, an ISO HO 2000 program includes HO-3 HO4 HO-5 and HO-6. Coverage is available for homes that are owner-occupied …
The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has proposed $149,100 in fines to Texas Linen Co. Ltd. in Austin, Texas, for one willful, 43 alleged serious and one other-than-serious safety violations. Following an inspection that began …
A judge in Arkansas has released a handful of the million-plus documents offered under seal in a lawsuit over genetically modified rice. Some Arkansas rice farmers claim they lost money after genetically altered rice grown by the Riceland Foods Inc. …
Catherine J. Weatherford has been appointed president and CEO of NAVA Inc., the Association for Insured Retirement Solutions, effective Sept. 3. Weatherford previously served as executive vice president and CEO of the National Association of Insurance Commissioners (NAIC), a position …
