Although Toyota recently has come under fire for not addressing gas pedal problems in its vehicles that led to accidents and injuries, the company has had some positive safety news: The Scion xB and Toyota Corolla have earned the Insurance …
Federal legislation designed to streamline non-resident insurance agent and broker licensing passed the U.S. House of Representatives. H.R. 2554, the National Association of Registered Agents and Brokers Reform Act of 2009, or more commonly referred to as NARAB II, passed …
Relatives of a California state trooper and three family members whose fatal car wreck helped spark Toyota’s wide-ranging safety recall have sued the automaker for defects they say caused the vehicle to speed out of control and crash. The lawsuit, …
The deadly El Nino weather anomaly should dissipate by early summer in the northern hemisphere, but there is a chance a weak version will linger for the rest of 2010, according to a U.S. government report issued Thursday. The federal …
A.M. Best Co. has withdrawn the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a” of Dallas-based XL Lloyds Insurance Company, and has assigned an NR-5 to the FSR (Not Formally Followed) and an …
A.M. Best Co. has placed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of the operating subsidiaries of Max Capital Group Ltd. under review with positive implications following the recent announcement of its …
Standard & Poor’s Ratings Services has affirmed its ‘BBB’ counterparty credit ratings on Bermuda-based insurance and reinsurance holding company Max Capital Group Ltd. and its intermediary holding-company subsidiaries: Max USA Holdings Ltd., Max Europe Holdings Ltd., and Max UK Holdings …
Chuck Gaskill, currently vice president and corporate counsel, has been appointed by the Motorists Mutual Insurance Co. to become senior vice president and general counsel. Gaskill began his career at Columbus, Ohio-based Motorists in 1979 as an attorney in the …
The Independent Insurance Agents & Brokers of America (the Big “I”) has recognized Rep. Mike Ross (D-Ark.), a former independent insurance agent, as its Legislator of the Year for 2009. The award was presented yesterday at a luncheon, just prior …
Three forward-looking surveys of U.S. hiring intentions point to a tentative jobs recovery in coming months. The surveys by U.S. staffing and payroll companies suggest businesses are cautiously rebuilding staff, especially in professional areas such as finance and accounting, information …
