A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of the property/casualty group, Horace Mann Insurance Group and its members. Best also affirmed the FSR of ‘A’ (Excellent) and …
Willis Group Holdings reported net income from continuing operations for the quarter ended March 31, 2012 of $225 million, or $1.28 per diluted share, compared with $35 million, or $0.20 per diluted share, in the same period a year ago. …
One Florida insurance agency is protesting a decision by the federal flood insurance program that would stop insurers and agents from offering clients a rebate on agents’ commission to customers who buy flood insurance policies. Jerry Wahl, president of the …
Global insurer Liberty Mutual Holding Co. Inc. and its subsidiaries reported a 26 percent jump in net income for the three months ended March 31 due to higher premiums and lower catastrophe losses. The company reported a profit of $459 …
The federal Mine Safety and Health Administration said 10 miners died in work-related accidents at the nation’s mines during the first quarter of 2012, and half of those occurred on five consecutive weekends. MSHA chief Joe Main said that three …
An anonymous donor has stepped up to ensure the Bessie Smith Strut will go on, preserving the annual music event honoring the hometown blues singer. The board chairman of the Bessie Smith Cultural Center told the Chattanooga City Council that …
U.S. Transportation Secretary Ray LaHood called on Thursday for a federal law to ban talking on a cell phone or texting while driving any type of vehicle on any road in the country. Tough federal legislation is the only way …
U.S. farmers will get a new crop-subsidy program that protects them from ruinous declines in revenue, the biggest threat to survival with today’s high and volatile prices, a Senate committee decided on Thursday. The Agriculture Committee approved the new path …
Hartford Financial Services Group Inc said on Thursday it will sell its individual annuity operations to Forethought, a Houston-based financial services company. Terms were not disclosed, though Hartford said the deal was not material to its results. The majority of …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating of “a” of United Arab Emirates-based Arab Orient Insurance Company (PSC) (Orient), both with stable outlooks. The ratings reflect …
