July 19, 2012
Keystone Insurers Group has added three agency partners in Georgia, bringing its total in the state to five. They newest partners are Burch Insurance Agency of Hiawassee; Worth Insurance Agency of Sylvester; and Zorn & Son Insurance of Vidalia. Burch …
July 19, 2012
A federal appeals court said this week that the state Supreme Court should decide whether Mine Safety and Health Administration inspectors can be held liable for coal miners’ deaths, calling it “a matter of exceptional importance for West Virginia.” The …
July 19, 2012
First quarter 2012 reported financial information indicates risk retention groups continue to exhibit financial stability. RRGs reported a $10 million net underwriting loss collectively, however, they also reported $49.8 million net income for first quarter 2012, according to an analysis …
July 19, 2012
A relatively obscure government agency at the center of a high stakes battle between the companies that make smartphones – Apple, Samsung Electronics, HTC and others – could well be headed for big changes. The International Trade Commission, which was …
July 19, 2012
Midday weather updates on Wednesday indicate more hot, dry weather for the U.S. Midwest, where corn and soybean crops are rapidly deteriorating amid the harshest drought in more than half a century. “It’s a little wetter for next week in …
July 19, 2012
Travelers Cos Inc. reported a second-quarter profit on Thursday but missed Wall Street expectations, as the insurer’s catastrophe losses fell from a year before but were still higher than historical norms. Travelers, a Dow Jones industrial average component, also said …
July 19, 2012
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Barbados-based CIBC Reinsurance Company Limited (CIBC Re), both with stable outlooks. Best explained that “CIBC Re is a life reinsurance subsidiary …
July 19, 2012
World Bank President Jim Yong Kim on Wednesday warned that most regions of the world will be hurt by the debt crisis enveloping the euro zone and said it was vital to protect the strong economic gains of the past …
July 19, 2012
Insurers are set to pay up to £500 million [$782.3 million] or £17 million [$26.6 million] every day – to customers who have suffered flood and storm damage during the wettest June on record, according to latest estimates from the …
July 19, 2012
Russia’s upper house of parliament voted on Wednesday to ratify entry into the World Trade Organization, and now only the signature of President Vladimir Putin is needed to complete the country’s 18-year bid to join the trade rules club. Russia …