A Eugene, Ore., company has sued Columbia Sportswear, accusing the larger company of stealing Innovative Sports’ technology and using it to make a successful line of heated clothing. The Register-Guard reported the smaller company wants Columbia to stop making the …
Gov. Susana Martinez says conditions are in place for another difficult fire season in New Mexico. The governor kicked off Wildfire Awareness Week on Tuesday by urging residents to be prepared and do their part to prevent fires. State officials …
The northwest Alaska village of Kivalina has declared a disaster after a wind storm swept snow into huge piles. City administrator Janet Mitchell says the snow piles are as high as houses in some places and one home was completely …
The Insurance Industry Charitable Foundation named Gary C. Petrosino, executive vice president of Chubb & Son and western U.S. territory field officer for Chubb, to the foundation’s national board of governors. IICF combines the collective resources of the insurance industry …
Cunningham Lindsey, an insurance claims management company controlled by buyout firm Stone Point Capital LLC, is up for sale and could fetch more than $1 billion, sources familiar with the situation said. Bank of America Merrill Lynch is advising Cunningham …
A widely expected ban on European insurance cover for Iranian oil exports from July 1 is threatening to curtail shipments and raise costs for major buyers such as Japan and South Korea, insurance industry sources say. Last week the European …
Liberty Mutual, one of the largest insurance companies in the world, said it would enter the Russian market with a deal to acquire KIT Finance Insurance, which primarily writes auto coverage in St. Petersburg and Moscow. Terms of the deal …
Vehicle inspection stations in Missouri would have to carry insurance to cover vehicle damage done by employees, under legislation moving through the state Senate. Missouri requires inspections every two years for older vehicles. They can be performed at auto repair …
A.M. Best Co. has upgraded the issuer credit rating to “bbb+” from “bbb” and affirmed the financial strength rating of ‘B++’ (Good) of Michigan Professional Insurance Exchange (MPIE), both with stable outlooks. The ratings reflect MPIE’s “strong risk-adjusted capitalization, long-term …
A.M. Best Europe – Rating Services Limited has assigned a financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” to Vermont-based Saturn Insurance Inc., and has assigned a stable outlook to both ratings. Saturn is a captive …
