October 2, 2012
At least 37 people died and dozens were injured when a ferry carrying more than 120 people on a company outing collided with another ferry and sank near an island south of Hong Kong on Monday night in one of …
October 2, 2012
World Trade Organization Director General Pascal Lamy on Monday acknowledged the Geneva-based grouping has been a “disappointing” forum for trade liberalization but placed the blame for moribund world trade talks on both China and the United States. Lamy, in a …
October 2, 2012
London-based R K Harrison Insurance Brokers and Conosur Corredores de Seguros Y Reaseguros (Conosur) announced that they have reached an exclusive agreement to cooperate on all new business emanating from Chile. The agreement covers both insurance and reinsurance opportunities that …
October 2, 2012
Under a new law designed to curb prescription pill abuse, patients with long-term conditions requiring controlled substances have to submit to urine drug tests that aren’t always covered by insurance companies. Retired nurse Cynthia Burton told the Lexington Herald-Leader that …
October 1, 2012
After a review of a workers’ compensation overhaul bill signed two weeks ago by Gov. Jerry Brown, the Workers’ Compensation Rating Bureau submitted a filing on Monday to lower the pure premium advisory rate for Jan. 1, 2013. WCIRB submitted …
October 1, 2012
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a+” of UK-based QBE Insurance (Europe) Limited and Australia-based QBE Insurance (International) Limited, the key operating …
October 1, 2012
ISO has launched its Enhanced Wind Rating Program, a commercial property rating program designed specifically to address the wind peril. ISO is a member of the Verisk Insurance Solutions group at Verisk Analytics. The Enhanced Wind Rating Program provides a …
October 1, 2012
The owner of the site of a 2003 nightclub fire that killed 100 people is donating the land for a permanent memorial, bringing an end to a yearslong effort to secure the site of The Station fire by families of …
October 1, 2012
AIR Worldwide announced the opening of an office in Singapore to meet the expanding needs of clients in the Asian insurance market. “AIR has kept pace with the fast-growing markets and our equally fast-growing client base in Asia by opening …
October 1, 2012
A.M. Best Europe – Rating Services Limited has assigned the financial strength rating of ‘B++’ (Good) and issuer credit rating of “bbb” to Saudi Arabia’s Saudi United Cooperative Insurance Company (Wala’a), both with stable outlooks. The ratings reflect the company’s …