Florida regulators have approved an average 6.9 percent rate hike for State Farm Florida Insurance Co., which is the insurer’s fifth increase in as many years. The insurer had initially sought an average 14.9 percent increase citing hurricane and underwriting …
Total employer costs for employees in private industry ranges from $26.14 per hour in the South to $32.98 in the Northeast. According to U.S. Bureau of Labor Statistics, the same costs are $28.06 in the Midwest and $30.01 in the …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of the members of the Donegal Insurance Group, based in Marietta, Pennsylvania, as well as the FSR of ‘A’ (Excellent) …
Law officers in some eastern Alabama jurisdictions have yet to issue any citations under the state’s new law banning texting and driving. The law went into effect on Aug. 1. The Anniston Star reported that the Anniston, Jacksonville and Oxford …
The Mississippi Department of Public Safety has partnered with Mississippi Interactive LLC to offer a driver’s practice test application for residents with the proper phones or other hand-held computing devices. The app consists of 25 randomly generated test questions that …
Leading U.S. car rental companies have agreed to back Senate legislation to pull vehicles from the road when recalled for safety defects, lawmakers and the firms said on Thursday. The legislation brings car rental companies in line with auto dealers, …
Prudential Financial Inc. will buy the individual life insurance business of Hartford Financial Services Group Inc. for $615 million in cash, the companies said on Thursday. Prudential said the deal would add scale to its own individual life business, while …
Specialist Lloyd’s insurer Marketform, a wholly owned division the American Financial Group, announced that Veekash Badal will join the management team on October 1, 2012, in the newly created role of Chief Risk Officer. He will lead the risk and …
A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of the life/health and property/casualty operating subsidiaries of Colonial Group International Limited. The outlook for all ratings is stable. Colonial …
The International Chamber of Commerce has unveiled the initial recommendations of its Business World Trade Agenda initiative, aimed at stimulating the global economy by helping to move the World Trade Organization’s (WTO) multilateral trade negotiations out of an 11-year deadlock. …
