Progressive introduced a new commercial auto endorsements that might limit an agent’s errors and omissions exposure, the insurer says. Imagine this scenario — a customer has commercial auto insurance for his small business. Before it’s time to renew his policy, …
As the fourth anniversary of Hurricane Katrina nears, four new reports by Congress’ investigative arm have found a wide range of problems with the federal government’s handling of the storm’s aftermath. The Government Accountability Office reports were a reminder that …
A group of more than 200 investors who believe they were defrauded by their Nebraska-based brokers will share roughly $900,000 in a settlement with one of their brokers’ former employers. The company’s insurer,Quanta Specialty Lines Insurance Co., will pay most …
Atlanta’s decision to end firefighter furloughs and re-open fire stations is likely to improve its insurance industry fire safety rating, according to Insurance Commissioner John W. Oxendine. “I’m pleased with the progress Atlanta has made thus far in returning firefighters …
The state of Michigan says it spent about $170,000 to repair a busy stretch of Interstate 75, which reopened less than five days after a fiery tanker crash caused an overpass to melt and collapse. The Michigan Department of Transportation …
American International Group Inc., the insurer that has received billions of dollars in federal aid, withheld $2.4 million in bonuses due to be paid to dozens of senior managers on July 15. The AIG decision was disclosed by George Madison, …
Warren Buffett’s Berkshire Hathaway Inc. this week lowered its stake in credit ratings provider Moody’s Corp. to 16.98 percent from 20.4 percent, the first reported reduction since 2000. The sale of about 8 million shares was revealed three months after …
Insurers in British Columbia “are acting quickly to assist those whose homes and businesses have been affected by the forest fires currently raging in the province,” notes a bulletin from the Insurance Bureau of Canada. “It is important for everyone …
Willis Group Holdings announced that it has been appointed as the broker for the” largest rail construction project ever undertaken in Hong Kong by client MTR Corporation Limited (MTR), the operator of Hong Kong’s rapid transit railway system.” The Hong …
Standard & Poor’s Ratings Services has revised its outlook to stable from negative on Netherlands-based commercial lines insurer Fortis Corporate Insurance N.V. (FCI), and affirmed its ‘A-‘ long-term counterparty credit and insurer financial strength ratings on the company. S&P said …
