A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Bermuda-based International General Insurance Company Limited (IGI). Best also affirmed the ICR of “bbb-” of International General Insurance Holdings Limited …
The U.S. House of Representatives passed the National Flood Insurance Program (NFIP) Extension Act of 2009, H.R. 3139, which extends the program until March 31, 2010. The NFIP is currently set to expire on September 30, 2009. Earlier this year, …
They’re deceptively simple looking detectors: one an antenna with built-in GPS; the other electronic sensors inside what looks like — and in fact, is — a large, upside-down metal salad bowl. The sensors are the basis of a Los Alamos …
New Orleans got more than $1 billion for tax-free bonds to help spur development after Hurricane Katrina, but it’s finding few takers amid a tight credit market and lingering jitters about investing here nearly four years after the storm. About …
The Chicago West Suburban Chapter of the CPCU Society has a new board of directors in place for the 2009-2010 year. Joseph Harrington is the new chapter president, succeeding Elizabeth Lupetini, who moves on to become a district governor for …
Willis Group Holdings Limited (NYSE: WSH) reported the company’s total second quarter revenues were up by 19 percent, an increase due primarily to the HRH acquisition. Total reported revenues for the quarter ended June 30, 2009 were $784 million compared …
Louisiana’s Jefferson Parish now has $7.2 million with which to raise 40 homes out of the danger of floods. The money was awarded to the parish by the Federal Emergency Management Agency and the Louisiana Recovery Authority. Officials say the …
During the recently completed 81st Legislative Session, the Texas legislature adopted the most significant reforms to the Texas Windstorm Insurance Association (TWIA) since 1997 with the passage of House Bill 4409 (HB 4409). This legislative reform was forced upon legislators …
A truck operator killed at a West Virginia surface mine on Tuesday has been identified. State mine agency spokeswoman Jama Jarrett said Wednesday that 28-year-old Mark Gray of Belle died Tuesday when his truck backed into a sediment pond at …
Travelers Cos. Inc. said on Thursday that second quarter earnings fell about 20 percent on lower investment income and underwriting profit. An increase in premium levels helped Travelers’ net policy sales keep pace with a year earlier, but the company …
