A.M. Best Co. has revised the outlook to stable from negative and affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of the New Jersey-based Mercer Insurance Group. The ratings also apply to the …
Hinds County residents who own pit bulls, hybrid wolf dogs and exotic animals must obtain a permit from the sheriff’s department and hold insurance under changes approved to the animal control ordinance. The Clarion-Ledger reports the Hinds County supervisors voted …
Workers struggling in the heat to clean up oil from the the ruptured BP well in the Gulf of Mexico risk short-term lung, liver, and kidney damage from fumes, experts said Tuesday. Studies of the health effects after seven supertanker …
The Board of Directors of the International Insurance Society (IIS), at their annual meeting in Madrid, announced the election of Norman R. Sorensen, President – International Asset Management and Accumulation, Principal Financial Group, as the new Chairman. He succeeds Marsh …
Heavy rain in northeast Brazil triggered the Mandau River to overflow its banks on Sunday, June 20, causing “devastating floods that have been attributed to the deaths of over 30 people, and left thousands missing,” according to a report from …
Willis Programs of New Hampshire, Inc., a unit of Willis Group Holdings, announced that it has signed an agreement with Krause and Butt Insurance Brokers Limited of Barrie, Ontario, Canada to offer the RecycleGuard program exclusively in Ontario. Willis described …
Dutch insurer Aegon NV is considering the sale of its U.S.-based Transamerica Reinsurance unit but has decided not to sell its UK arm, as it seeks to concentrate on its most profitable activities. Aegon said on Tuesday any proceeds from …
Chancellor George Osborne’s budget proposals, featuring spending cuts and new taxes, has received mostly a thumbs up from the Association of British Insurers. Commenting on the measures, Kerrie Kelly, the ABI’s Director General, stated: “We wholly support the commitment to …
A new court ruling says the Arizona Legislature’s raid of nearly $4.7 million from a special fund for injured workers was illegal. Maricopa County Superior Court Judge Larry Grant says the money to be transferred into the state general fund …
Hawaii Insurance Commissioner J.P. Schmidt has announced the formation of a business association between First Insurance Company of Hawai’i (FICOH) and AXIS Insurance Co. Through this program, AXIS Insurance Co. will offer hurricane insurance to new and existing FICOH homeowners …
