A State Farm rate increase appears in jeopardy after regulators grilled company officials for hours about a request to jack up rates in Florida by 47.1 percent. Florida’s insurance consumer advocate office told regulators that they should reject the increase …
Fitch Ratings has affirmed the insurer financial strength (IFS) rating of Exporters Insurance Company Ltd., a Bermuda-domiciled group captive insurance subsidiary of EIC Corporation Ltd. that focuses on writing credit and political risk insurance at ‘A-‘. Fitch also affirmed the …
Another Chicago police officer has been indicted in connection with a scheme to have his car towed away and declared stolen for insurance money. The U.S. attorney’s office says Officer Scott Campbell was charged on August 11 with fraud in …
Standard & Poor’s Ratings Services announced that its ratings and outlooks on ING Groep N.V. (currently ‘AA-‘ – Stable – ‘A-1+’) and related entities are unchanged following the publication of the Group’s second quarter results, which showed a 25 percent …
The California-based PMI Group announced that it has entered into a definitive agreement to sell its Australian mortgage insurance subsidiary and related Australian holding company to QBE Insurance Group Limited, Australia’s largest international general insurance and reinsurance group. PMI said …
A world trade deal that dramatically opens livestock markets in the European Union, Canada and Japan is within grasp, if talks that collapsed last month in Geneva can be revived. U.S. Trade Representative Susan Schwab hinted at the scope of …
An actor who appeared in “The 40-Year-Old Virgin” has been charged with attempted murder after his girlfriend was stabbed more than 20 times, authorities said. Shelley Malil, 43, remained in custody on $2 million bail after he was taken into …
The Workers’ Compensation Insurance Rating Bureau of California indicated it plans to submit a filing to the California Department of Insurance (CDI) recommending a 16 percent increase in pure premium rates effective Jan. 1, 2009. According to the association, nearly …
Encino, Calif.-based NAS Insurance Services has introduced CompLex writeNOW! to provide legal expense coverage for exposures that are not covered by workers’ compensation insurance. CompLex writeNOW! presents a range of limit options and rate chart to facilitate a streamlined application-to-bind …
Professional Insurance Agents of Florida and the Florida Insurance Council have agreed to work together to form an agent/insurance company alliance aimed at educating the public and the media on insurance matters. PIA asked its members to volunteer for these …
