A new form of insurance that covers risks such as droughts or floods could help small farmers in developing countries cope with worsening impacts of global warming, a U.N. backed report said on Wednesday. Under “index insurance,” payouts are linked …
California Insurance Commissioner Steve Poizner said he is “troubled by the details of the proposal” to sell some assets of the state’s workers’ compensation insurance, State Compensation Insurance Fund (SCIF). Gov. Arnold Schwarzenegger in his 2009-10 May Revision General Fund …
A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit ratings of “a-” of Plymouth Rock Assurance Group (PRAC), which includes the operations of Plymouth Rock Assurance …
A professional liability policy does not cover legal fees for patent infringement lawsuits brought by a competing company, a Pennsylvania appeals court has ruled. The ruling comes in response to a suit brought by Transcore, a company that makes technology …
Capitol Insurance Companies (Capitol) based in Middleton, Wis., has launched a commercial automobile insurance product. The company said the product is available for appointed insurance agents and brokers through a newly designed online processing system that will allow them to …
Apex Global Partners Inc. (AGP) has appointed Mario Di Blasi as sales director of its Austin, Texas, employee benefits operations. Di Blasi is experienced in structuring contemporary healthcare programs for Texas employers, said AGP Chairman and CEO Gary Griffith. Di …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Bermuda-based Argo Re Ltd. and its U.S. subsidiaries. Best also affirmed the ICR of “bbb” of the parent holding company, …
Two new members have been elected to Texas Mutual Insurance Company’s Board of Directors – Bernie Francis of Carrollton, Texas, and Eric Oliver of Abilene. Francis is owner and CEO of Addison-based Business Control Systems LP and Dallas-based First Class …
The Group of North American Insurance Enterprises (GNAIE) has joined a new coalition of trade associations, representing all sectors of the economy and areas of the financial services arena, that will engage the Financial Accounting Standards Board (FASB) and the …
Burnett & Company Inc., a member company of QBE Insurance Group Limited, has added Diana Gladwell and Devin Lefebvre in its Houston office. The duo will underwrite marine liabilities for U.S.-based companies on behalf of the QBE’s Lloyd’s Syndicate 1036. …
