U.S. Senators Jeanne Shaheen, D-N.H., and Pat Toomey, R-Pa. are urging the Senate to support their bipartisan amendment to end what they say are excessive federal crop insurance subsidies for large American farming operations. The Shaheen-Toomey amendment would cap crop …
The Federal Reserve Bank of New York said on Thursday the last of its loans made to acquire risky assets from AIG and Bear Stearns during the financial crisis have been paid off with interest. The Fed bank acquired the …
The son of a Tucker County employee who died after inhaling dust from a construction project has filed a wrongful death lawsuit and wants the courthouse closed for a thorough cleanup. The Inter-Mountain of Elkins reported that Paul Wamsley Jr.’s …
The former superintendent of the Upper Big Branch Mine will be sentenced Oct. 4 for his actions before the disaster that killed 29 men. U.S. District Judge Irene Berger had scheduled Gary May’s sentencing for August in Beckley, but Assistant …
Alabama’s governor visited the Gulf coast this week to promote new laws designed to make homeowner’s insurance more affordable after hurricanes drove up prices. Gov. Robert Bentley told Foley residents that he worked with legislators from Mobile and Baldwin counties …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Honolulu-based DTRIC Insurance Company Limited and its reinsured affiliate, DTRIC Insurance Underwriters, Limited. The outlook for all of the …
Swiss based insurance advisor PERILS has issued an updated loss report for windstorm Joachim, which occurred from December 15 to 17, 2011 in Western Europe. PERILS’ third property market loss announcement estimates for Joachim is €285 million [$359 million], slightly …
Authorities in the world’s major economies are preparing for a possible market storm or public panic after cliffhanger Greek elections this weekend, officials said on Thursday, should radical leftists win and cast doubt on the nation’s future in the euro …
The Lloyds’s Market Association (LMA) has joined central banks and other financial instiutions in preparing for a possible euro zone exit. It has issued a “note” giving insurers and brokers guidance on what they should be prepared to do in …
