A.M. Best Co. has upgraded the financial strength rating to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit ratings (ICR) to “a” from “a-” of the Bermuda-based Lancashire Insurance Company Limited and Lancashire Insurance Company (UK) Limited. Best has also …
A bulletin from the Insurance Information Institute notes that a recent Casualty Actuarial Society seminar advises actuaries that when it comes to pricing global reinsurance business, it’s important to remember that “all risks are local.” Athula Alwis, associate vice president …
The Idaho Fraud Awareness Coalition, organized by the state Department of Insurance, will award scholarship money to three Idaho high school students for their research and knowledge in the area of fraud and its impact on Idahoans. Scholarship monies will …
Churchill Downs Racetrack in Louisville, Ky., said it will resume live horse racing the night of Friday, June 24, after a day off to survey tornado damage to barns and other structures. The racing facility was forced to close for …
The Texas Senate has passed a bill intended to improve the state’s coastal windstorm insurance agency, clarifying the claims process and increasing transparency at the agency. The measure to reform the Texas Windstorm Insurance Association is nearly identical to the …
RISC, Inc. has expanded its program offering to include an in-house event cancellation product. The program, Event Select, is available for a variety of event cancellation classes of business including conventions, trade shows, special events and concerts. The program, provided …
PartnerOne Environmental, Beacon Hill Associates’ underwriting division, now offers workers compensation coverage to additional environmental contractors and consultants. Coverage is provided by a group of “A” rated insurance carriers. PartnerOne Workers Compensation is available in the following states: Ala., Ark., …
About 11,000 residents of Minot, N.D., have been ordered by city officials to evacuate, as the Souris River threatens to flood levees. City Mayor Curt Zimbelman said the city is “working on building up the dikes around the city’s critical …
The Supreme Court ruled Thursday that generic drug companies cannot be sued under state law over allegations that they failed to provide adequate label warnings about potential side effects. By a 5-4 vote, the justices gave a victory to Israel’s …
Insurers today will again urged federal lawmakers to reauthorize and reform the nation’s flood insurance program, which is slated to lapse on Sept. 30 if Congress does not act. At a hearing today, a Senate Banking subcommittee will hear from …
