Congress must consider radical reforms to improve the accountability and reliability of credit rating agencies like Moody’s Corp. and McGraw-Hill Cos. Inc.’s Standard & Poor’s, a top U.S. lawmaker said Friday. Representative Paul Kanjorski, a senior Democrat on the House …
AIU Holdings reported the formation by American International Group, Inc. (AIG) of a special purpose vehicle (SPV) into which AIG intends to contribute the equity of AIU Holdings. The company also reported the appointment of Kristian P. Moor as president …
With Congress debating how to reform Athe nation’s health care system, a new survey report reveals that 79 percent of Tennessee’s small business owners, including the self-employed, are struggling to afford healthcare coverage and a considerable majority support changes, including …
Autopsies show three workers killed in the collapse of a Slim Jim factory in North Carolina were crushed to death. The News & Observer of Raleigh reported Friday that autopsy results were released for workers Barbara McLean, Lewis Watson and …
Jack Crews is watching his neighborhood on the south side of Kernersville change from fields and houses to offices and businesses. But he still got a shock when he got his revaluation notice earlier this year. His property value had …
St. Johns Insurance Co., a Florida domiciled property and casualty insurer, has expanded its presence into the South Carolina homeowner insurance market. Insuring more than 200,000 policyholders in Florida, St. Johns specializes in personal lines of insurance. Initially, St. Johns …
The UK’s Insurance Industry Working Group (IIWG) has published its report into the medium and long-term challenges facing the country’s insurance industry. The group was commissioned in October 2008 to look into the challenges and opportunities facing the UK’s Insurance …
IPC Holdings, the Bermuda catastrophe reinsurer that attracted interest from more than a dozen bidders, held out for a storm-proof agreement before agreeing to a sale to rival Validus Holdings The $1.65 billion cash-and-stock deal, still to be approved by …
Griffin Underwriting Services of Bellevue, Wash., has added John Houston as a property/causalty underwriter in the company’s Portland, Ore., office. In this position, Houston will be responsible for underwriting and marketing contract commercial property and casualty business in Oregon. Houston …
Jennifer Hetzel of AmWins Wholesale took first place in the annual CWC Speak-Off held by the San Diego Insurance Women on July 20, 2009. She will now represent her association and compete on a state Level at the California Council …
