A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a+” of Swiss-based Mondial Assistance International AG (MAI) and its U.S. subsidiary, New York-based Jefferson Insurance Company. The outlook for …
Aon Insurance Managers (Isle of Man) (AIM IOM) announced that it has been appointed as captive manager to the BT Group [formerly British Telecom] plc captive, the Isle of Man-based Communicator Insurance Company Limited. “The captive has moved from being …
A series of violent storms struck the west coast of England, beginning last Thursday. Cumbria, the County just below the Scottish border, was the most severely affected area, where heavy rain caused extensive flooding in a number of towns. At …
Florida Insurance Commissioner Kevin McCarty has approved rates hikes for about 330,000 of Citizens Property Insurance Corp.’s so-called high-risk coastal property accounts. The statewide average increases include a hike of 5.2 percent for more than 250,000 coastal homeowners, 11 percent …
A new study from the California Workers’ Compensation Institute shows that claims from white-collar workers have assumed greater relative importance as the economy has sputtered. The study shows that on average workers’ compensation claims from professionals and clerical workers were …
North Carolina Insurance Commissioner Wayne Goodwin announced the appointment of five new members to the N.C. Joint Underwriting Association and the N.C. Insurance Underwriting Association, better known as the FAIR and Beach plans, respectively. The commissioner is responsible for naming …
In the wake of new recommendations for mammography, California officials said that a state law remains in place to ensure that insurance covers mammograms for breast cancer screenings beginning at age 35. “Scientists can and should continue to research the …
The U.S. Forest Service should allow helicopters to fight fires during darkness, a tactic that could have been used in the critical first hours of the summer’s gigantic and deadly wildfire in the Angeles National Forest, a Los Angeles County …
Against the backdrop of the worst economic slump in more than 30 years, more than 83 percent of Floridians are concerned about their money challenges and 43 percent don’t expect to be financially stronger a year from now – some …
Georgia’s top fire official is urging churches to bolster security after two metro Atlanta churches were set on fire. Georgia Insurance and Fire Safety Commissioner John Oxendine said officials are investigating whether the arsons at churches in East Point and …
