An insurance policy for homeowners looking to protect themselves from declining home prices is rolling out in Georgia this week. Georgia becomes the third state where this product, called Home Value Protection, is available. It is being offered by Home …
Union General Insurance Services is now offering coverage for homeowners associations to California agents. The product is designed to cover common area exposures for these risks and is backed by a carrier rated A+. Limits up to $2 million/$3 million …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Royal & Sun Alliance Insurance Company of Canada (RSA Canada) and Western Assurance Company, both domiciled in Toronto, as …
Talbot Underwriting, Ltd., a wholly owned subsidiary of Validus Holdings, and Abu Dhabi National Insurance Company (ADNIC), a prominent insurance company in the UAE, announced today that they are ceasing their Joint Venture business “Underwriting Risk Services (Middle East) Ltd.”, …
The insurance market in Saudi Arabia has changed dramatically in the past decade, with further development anticipated, according to a report from A.M. Best Co. According to the report, “Saudi Arabia’s Insurance Market Adapts to Dramatic Change,” insurance penetration in …
An Indian government company with more than a quarter of a billion customers has once again dug into its pockets to prop up its financially-strapped owner. Policyholders in the Life Insurance Corporation of India, a behemoth that’s little known outside …
Federal mining officials are suing a southeastern Kentucky mine for more than $1.6 million owed in delinquent fines for violations of safety laws. The U.S. Mine Safety and Health Administration said it issued 1,244 citations and orders to a Harlan …
Yahoo Inc. sued Facebook Inc. over 10 patents that include methods and systems for advertising on the Web, opening the first major legal battle among big technology companies in social media. The lawsuit, filed in a San Jose, California federal …
A analysis of more than 10 years’ worth of data shows for the fifth consecutive year increases in the average loss per claim, led by escalating medical losses, pushed up total workers’ compensation costs for cities, counties and other public …
The man who is leaving his post as chief executive officer of Florida’s state-backed Citizens Property Insurance Corp. is joining one of the state’s private homeowners insurers. Homeowners Choice Inc. announced that Scott R. Wallace, departing CEO of Citizens, has …
