The Mississippi Supreme Court has upheld a breach-of-contract verdict in a dispute between an insurance company and a retired Navy admiral over coverage of damages from Hurricane Katrina. However, the high court said Admiral James W. Lisanby and his wife, …
Standard & Poor’s Ratings Services has affirmed its ‘A’ counterparty credit and financial strength ratings and stable outlook on Electric Insurance Co. S&P also said it subsequently withdrew the ratings at the company’s request. “The ratings reflected Electric Insurance’s unique …
A.M. Best Co. has assigned a debt rating of “bbb” to the recently issued $300 million 5.5 percent senior unsecured notes due 2020 of Bermuda-based Allied World Assurance Company Holdings, with a stable outlook. The proceeds from the debt offering …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Fremont Insurance Company, as well as the ICR of “bbb-” of its parent holding company, Fremont Michigan InsuraCorp, Inc. (OTC …
A.M. Best Co. has affirmed the financial strength ratings (FSR) and issuer credit ratings (ICR) of the property/casualty and life/health insurance subsidiaries of Assurant, Inc. Best also affirmed the ICR of “bbb” and debt ratings of Assurant. The outlook for …
The UK’s Football [Soccer] Association’s insurers will pay compensation to Liverpool after midfielder Steven Gerrard sustained a hamstring injury on England duty. The FA confirmed Friday it has a comprehensive voluntary insurance scheme that covers for injuries to England players …
As the UN climate summit in Cancun approaches, the insurance industry is preparing to present its case to the poiticians, business leaders and scientists, who will be attending. “As an insurer, we are the frontline industry to feel the heat …
One year ago a series of devastating floods hit Cumbria, the county on the west coast of England just below the Scottish border. Heavy rain caused extensive flooding in a number of towns A year later the area is beginning …
Financial markets rallied slightly and European Union partners voiced relief on Monday after Ireland agreed in principle on a three-year bailout package with the EU and the IMF to salvage its shattered banks. European shares rose 0.7 percent in early …
First-round bids for American International Group Inc’s (AIG) Taiwan unit Nan Shan Life are likely shortly after due diligence ends in early December, a source close to the process said on Monday, restarting the bailed-out insurer’s much delayed sale of …
