It’s been more than 1,600 days since Florida was hit by a hurricane, and that one — Wilma — walloped Natalie Premock’s home. But since then, nothing. And time has faded memories. The 31-year-old mortgage processor and her husband now …
Hurricanes could rupture underwater oil and natural gas pipelines in the Gulf of Mexico, which is already struggling with the worst oil spill in U.S. history, according to a new study by researchers at the U.S. Naval Research Laboratory in …
Canada said Thursday it was cracking down on banks that market “unauthorized insurance” on their websites, spelling out new rules designed to keep the realms of banking and insurance separate. Canada’s banking laws have long forbidden banks from selling insurance …
The flow of oil and gas from the broken well in the Gulf of Mexico has been stopped by pumping mud into it, however the challenge will be whether that can be sustained, the U.S. incident commander Admiral Thad Allen …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Infinity Property & Casualty Group and its operating members. Best also affirmed the ICR of “bbb” and debt rating …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and the issuer credit rating (ICR) of “a-” of Bermuda-based Montpelier Reinsurance Ltd. and Montpelier US Insurance Company (MUSIC), which is based in Oklahoma City. Best also …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Hiscox USA Group, and its lead member, Hiscox Insurance Company Inc. (HICI), based in Geneva, Illinois. Hiscox USA is …
Barnabas Hurst-Bannister, Chairman of Travelers Syndicate Management Limited, has been elected Chairman of the Lloyd’s Market Association (LMA), which represents the interests of the Lloyd’s underwriting community. He succeeds Paul Jardine, Chief Operating Officer of Catlin Group Limited, who has …
Tim Breedon, Group Chief Executive of Legal & General has been nominated to become the next Chairman of the Association of British Insurer (ABI). He will be formally appointed at the Association’s Annual General Meeting in July when Archie Kane …
The UK’s Prudential on Thursday denied market talk that it had pulled its $35.5 billion bid for U.S. rival AIG’s Asian unit, after rumors the deal was off boosted Pru’s shares as well as the pound. “This speculation is unfounded,” …
