Damage from last year’s record flooding in Iowa is estimated to be between $8 billion and $10 billion, and the total amount of federal disaster money allocated to the state is now more than $3 billion. Half of that amount …
The Navigators Group Inc.’s principal underwriting agency subsidiary, Navigators Management Company Inc., will expand its Nav Pro Professional Liability Division by partnering with Aon Affinity, a subsidiary of Aon Corp. The expansion will make available nationally professional liability coverage to …
Farmers Insurance Group of Companies is joining with San Diego County Fire Chiefs Association, Office of Emergency Services and Volunteer San Diego to sponsor a public/private partnership to launch a wildfire prevention and preparedness effort called “Before the Threat 2009.” …
For 2008, the U.S. reinsurers reported net premiums written of $26.4 billion, premiums earned of $25.9 billion, according to the Reinsurance Association of America’s “Reinsurance Underwriting Review: 2008 Industry Results.” The report includes industry aggregate data and summarizes underwriting experience, …
A.M. Best Co. has affirmed the financial strength ratings (FSRs) of ‘A’ (Excellent) and issuer credit ratings (ICRs) of “a” of the operating insurance units of the former AIG Personal Lines Group, including the 21st Century Insurance Companies (collectively PAG). …
The New York State Insurance Department signed an agreement yesterday with regulators in Thailand that calls for increased cooperation between the two in investigating insurance matters. The agreement formalizes coordination between the two regulatory bodies. “This agreement between Thailand and …
Standard & Poor’s Ratings Services announced that it has lowered its ratings on six natural peril catastrophe bonds issued in 2007 and 2008, as listed below. The bulletin said: “We lowered our ratings by one notch to reflect the adjusted …
President Barack Obama said Tuesday the healthcare overhaul plan working its way through the U.S. Congress needs more work amid signs his top policy initiative, already rejected by Republicans, was running into deeper trouble with his own Democrats. Obama was …
A federal judge in Baltimore has ruled that a wrongful death lawsuit can go to trial against Frederick County and the sheriff’s office in the death of a man who was shocked with a Taser in 2007. The family of …
A court has upheld Florida Insurance Commissioner Kevin McCarty’s denial of a 47.1 percent home insurance rate hike requested last July by State Farm Florida. According to the Florida Office of Insurance Regulation (OIR), the First District Court of Appeal …
