A.M. Best Co. has commented that the financial strength rating (FSR) and issuer credit ratings (ICR) of Munich Reinsurance Company and its subsidiaries are unchanged following its agreement to acquire specialty insurer HSB Group, Inc. from the American International Group …
“This year’s climate change agenda has, if nothing else, highlighted that next year will be hard going for those wishing to set global agreement for action against climate change,” states a recent article on Lloyd’s web site (www.lloyds.com). The article …
Japan’s Mitsui Sumitomo Insurance Group Holdings Inc, Aioi Insurance Co and Nissay Dowa General Insurance Co are in talks to merge, a company source said, in a move that would create the country’s largest non-life insurer. Traders snatched up shares …
FEMA has announced it will give more than $10 million for flood-recovery projects in eastern Iowa. Projects in Lake Delhi, Iowa City, Anamosa, Bluffton and Cedar Falls will split the FEMA dollars. Among those receiving funding are repairs to damaged …
A legal center has filed suit against a Missouri commission because it believes a new insurance rule will discourage people from trying to produce their own solar or wind power. The Great Rivers Environmental Law Center filed suit against the …
The Oregon Department of Consumer and Business Services, Insurance Division, is reminding insurance producers of new fingerprint rules that were adopted on Dec. 9, 2008. According to DCBS, the rules OAR 836-072-0001 to 836-072-0045 were designed to protect the insurance-buying …
The Washington Office of the Insurance Commissioner announced it will holding a hearing at 12 p.m. on Jan. 9, 2009, to discuss the sale of Trinity Universal Insurance Co. to National Merit Insurance Co. According to the OIC, National Merit …
A Massey Energy subsidiary has agreed to pay $4.2 million in civil and criminal penalties and plead guilty to federal charges stemming from a fire that killed two miners at a southern West Virginia coal mine in January 2006, a …
Country living isn’t as tranquil as it’s cracked up to be. Injuries requiring a hospital stay are more likely to occur in rural areas compared to urban settings, according to a West Virginia University study. The study analyzed all reported …
Authorities need to more strongly warn residents that muck left from a major coal-ash spill in eastern Tennessee could pose health risks, a southern environmental group said Saturday. The Tennessee Department of Environment and Conservation said Friday that the mixture …
