A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of the Tower US Pool and its pooled and reinsured members. Best …
Hackers broke into Sony Corp.’s computer networks and accessed the information of more than 1 million customers to show the vulnerability of the electronic giant’s systems, the latest of several security breaches undermining confidence in the company. LulzSec, a group …
British insurer Aviva Plc on Thursday named highly-regarded industry veteran Trevor Matthews as head of its UK division, replacing Mark Hodges, who resigned unexpectedly. Australian-born Matthews, a former head of rival insurer Friends Provident who previously ran Standard Life’s UK …
More than 1,600 people have been infected by a toxic strain of E.coli bacteria that has killed at least 17 and may be the deadliest yet in human history, health officials said on Friday. Germany is at the center of …
UK broker Miller Insurance Services announced that it has appointed Samantha Bain to “further strengthen its major UK and European corporate client offering. Ken MacDonald indicated that the appointment is a reflection of continued success for Miller in this area. …
MarketScout, a Dallas-based electronic insurance exchange with managing general agent (MGA) and wholesale operations, has expanded its business by opening a personal lines underwriting facility in Fort Lauderdale, Fla. The new location will service the firm’s national network of agents …
Many Joplin, Mo., residents are trying to figure out how to recover from the devastating tornado with no means of transportation. City officials estimate that about 18,000 vehicles were damaged or lost during the May 22 tornado. The Springfield News-Leader …
Illinois Gov. Pat Quinn plans to sign a major overhaul of Illinois workers’ compensation system that he said will mean “significant saving” for the state, but at least one insurance carrier trade group asserted more work needs to be done …
The National Weather Service has upgraded a tornado that tore through central Oklahoma on May 24 to EF-5, the highest rating given to tornadoes. The weather service in Norman said the tornado that started in Binger and traveled 75 miles …
The widow of a western Missouri insurance salesman who was shot to death in his office is now charged with conspiracy to commit murder. Thirty-nine-year-old Teresa Stone, of Independence, is the second person charged in connection with the killing of …
