A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of Lloyd’s and Lloyd’s Insurance Company (China) Limited (LICCL), as well as the ICR of “a” …
Residents of Schenectady who are convicted of dog-related offenses have to buy liability insurance to pay for medical expenses of anyone bitten by their animals. The city council voted Monday to require the special insurance for owners convicted of two …
Florida regulators are expressing concern over a State Farm Florida proposed statewide average 57.3 percent rate hike in insurance rates for landlords that will result in higher premiums while the insurer continues not to write new business. At a public …
European Central Bank President Mario Draghi pledged on Thursday to do whatever was necessary to protect the euro zone from collapse, sending a strong signal that inflated Spanish and Italian borrowing costs were in his sights. Fears about the euro …
The House of representatives this week barred the labor secretary from imposing new safety rules for children working on farms, putting a legal stamp on a Labor Department decision to put off action on the rules. The Labor Department announced …
A Nicholas County, West Virginia man faces charges of setting 62 fires in the Summersville and Richwood areas. Twenty-one-year-old Austin Lee Cox of Craigsville is being held at the Central Regional Jail on $2.7 million bond. He’s charged with 54 …
Light showers overnight in the southwestern U.S. Midwest were too little too late to prevent further losses to corn and soybean yields, and next week will bring the return of high heat and drought, an agricultural meteorologist forecast Thursday. Rain …
A judge on Wednesday demanded more detail on a plan by Dewey & LeBoeuf to pay out as much as $450,000 in performance-based bonuses to employees helping to wind down the bankrupt law firm’s operations. Judge Martin Glenn said he …
Sanford “Sandy” Weill, the tycoon who built financial conglomerate Citigroup Inc. into a massive U.S. commercial and investment bank, said it is time to split up the biggest banks so they can go back to growing again. The comments were …
Boston-headquartered insurance giant Liberty Mutual said it is realigning its strategic business units. The company — which reported $139 million profit for its 2012 second-quarter earlier Wednesday — also named executives that will lead each of its four new strategic …
