State Farm Lloyds has submitted a rate filing to the Texas Department of Insurance to increase its homeowner’s insurance rates in Texas by a statewide average of 8.5 percent, beginning Oct. 1 for existing customers at renewal and Sept. 1 …
A Massachusetts town and five of its insurance companies have agreed to pay $3.4 million to settle a lawsuit filed by the estate of a man who spent 19 years in prison for a murder before being cleared by DNA …
The New York State Insurance Fund is reaching out to winners of federal, youth-training grants by offering free workplace safety services to those organizations. Ten organizations in the state — including United Way and Urban League affiliates — are receiving …
The tallest building in the Western Hemisphere has gone global. The historic Sears Tower in downtown Chicago has been renamed Willis Tower and now holds one of the three largest office locations of global insurance broker Willis Group Holdings. The …
Calpers, the biggest U.S. public pension fund, has sued the three largest credit rating agencies for giving perfect grades to securities that later suffered huge subprime mortgage losses. The California Public Employees’ Retirement System said in a lawsuit filed last …
U.S. securities regulators are looking at ways to rely less on credit ratings and prevent issuers from shopping for their ratings, Securities and Exchange Commission Chairman Mary Schapiro told lawmakers Tuesday. Schapiro also said increasing the liability standard could improve …
The state has helped Floridians recover more than $11.5 million in the first six months of this year in claim payments and premium refunds, including one case that resulted in a $1.2 million payment on a consumer’s unpaid hospital claims. …
The Nashville Songwriters Association International (NSAI) and Frost Specialty have created a group Copyright Infringement Insurance policy for songwriters, artist-songwriters, composers and music publishers. NSAI President, Grammy-nominated songwriter Steve Bogard said the policy promises to make the coverage affordable for …
An Alabama bankruptcy judge has ordered a Lillian man to sell assets to repay debts to nearly 100 creditors across the country. Morris C. Sears, 63, had run ABBA Bonding from his home since 2001 despite being told twice by …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Bermuda-based Allied World Assurance Company and its operating affiliates. Best also affirmed the ICR of “bbb”, the debt rating …
