Federal officials say more of North Bend, Ore., is at risk of flooding than previously thought, meaning more property owners may have to buy flood insurance or pay more if they already have it. The Oregon Department of Geology and …
The Colorado solicitor general says tapping a state-created workers’ compensation insurance company for money to balance the state budget would be unconstitutional. The analysis from Solicitor General Dan Domenico was released on April 10, one day after the state Senate …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Zenith National Insurance Group and its members, Zenith Insurance Company (Zenith) and ZNAT Insurance Company (ZNAT), a wholly owned subsidiary …
A.M. Best Co. has removed from under review with negative implications and affirmed the issuer credit rating (ICR) of “bbb-” of Cayman Islands-based Ironshore Inc. Best has also removed from under review with negative implications and affirmed the financial strength …
The National Insurance Crime Bureau (NICB) reported that 2008 marked the nation’s fifth consecutive year of declining vehicle thefts in the United States. Although most areas experienced a reduction in vehicle theft, there were several noteworthy exceptions in states that …
The Nevada Division of Insurance in cooperation with The Nevada Surplus Lines Association is addressing the uncertainties that surround the issue of protecting personal assets through sound, well-researched insurance plans, products and policies with the launch of a 2009 public …
The American Recovery and Reinvestment Act of 2009, or the Stimulus Package, is the largest infusion of government funds into the private sector in history. Even though it does not include direct benefits to the insurance industry, it includes provisions …
Oklahoma Insurance Commissioner Kim Holland has declared a state of emergency to allow insurance companies to more rapidly respond to the recent Oklahoma wildfires. The declaration enables emergency adjusters to be temporarily licensed to expedite the insurance claims process. “My …
With consumers’ credit scores dropping as lenders tighten credit terms, insurance consumer advocates are stepping up their criticism of the use of credit scores by insurance companies. They are also warning insurers that they could lose business and consumer confidence …
Officials at the fire damaged Joliet Empress Casino in Illinois have said that the casino will likely open by the end of June, an announcement that was cheered by workers at the operation. Frank Quigley, vice president and general manager …
