Citing the high level of catastrophic risk exposure Florida faces, Chief Financial Officer Alex Sink today suggested guidelines for the Legislature to follow in working to reduce the state’s hurricane risk. CFO Sink advocated gradual steps, maintaining that Florida property …
The United States District Court for the District of Columbia has granted the Federal Trade Commission’s request for a preliminary injunction enjoining CCC Information Services Inc.’s merger with Mitchell International Inc. Following the court decision, the two claims services firms …
A retired Pennsylvania Superior Court judge was sentenced to three years, 10 months in prison Tuesday for falsely collecting $440,000 from insurance companies after being injured in a slow-speed fender bender. Michael Joyce was convicted in November of two counts …
The effects of the widespread peanut butter recall could cost rural America’s peanut producers $1 billion in lost production and sales, according to testimony at a House subcommittee hearing. That could be just the beginning, the head of the Georgia …
Blue Cross Blue Shield of North Dakota has fired its president and chief executive officer after coming under fire for a Caribbean retreat attended by more than 30 sales employees and guests. Mike Unhjem has been the Blues’ top executive …
Iowa has been awarded nearly $11 million in federal floods for flood recovery. The grants from the Federal Emergency Management Agency are to help with rebuilding projects at the University of Iowa and in Linn County. More than $1.2 million …
A North Carolina commission may pay out about $1.4 million to reimburse crime victims for out-of-pocket expenses they incurred related to crimes committed against them. The Crime Victims Compensation Commission heard a total of 116 claims at its meeting this …
Coastal insurance bills face a test in the Alabama Legislature. The House and Senate Banking and Insurance committees met in joint session on Wednesday to take up legislation aimed at providing relief to homeowners along the coast. The meeting was …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and the issuer credit rating (ICR) of “aa” of Germany’s Allianz Societas Europaea (Allianz SE) and its main subsidiaries. The outlook for all of the ratings is …
A summit meeting on the financial crisis in London next month will tackle the issue of climate change, which the U.N. chief had planned to make the focus of a separate gathering in New York, diplomats said. Worried that the …
