Although demand surge was an issue for the property/casualty industry following a trio of hurricanes in 2005, for Superstorm Sandy the demand-surge impact is minimal so far, an expert said recently. There has only been a price impact of 2 …
Jurors in a courtroom in Covington, Ky., couldn’t decide whether two lewd posts about a former Cincinnati Bengals cheerleader were substantially true or not, leading a federal judge to declare a mistrial Friday in her $11 million defamation lawsuit against …
Dry weather continues to plague the drought-stricken U.S. Plains and western Midwest with only light showers and snowfall expected this week, an agricultural meteorologist said on Monday. “The Plains and the northwest Midwest will still struggle with drought, there’s not …
Florida Democrats expressed frustration with state insurance regulators Friday, accusing them of dragging their feet on drafting policies to comply with the new federal health overhaul. For nearly two years after the Affordable Care Act became law, Republican Gov. Rick …
The tiny Caribbean nation of Antigua and Barbuda will tell the World Trade Organization on Monday that it intends to use trade sanctions against the United States, which it could enforce by allowing movie downloads without protecting U.S. copyright. Antigua …
Home and auto insurance seller Answer Financial Inc. has broken ground on a 32,775 square foot facility in Knoxville, Tenn. that will serve as the company’s primary sales center. The office will have capacity for more than 400 employees, which …
The legal challenges over religious freedom and the birth control coverage requirement in President Barack Obama’s health care overhaul appear to be moving toward the U.S. Supreme Court. Faith-affiliated charities, hospitals and universities have filed dozens of lawsuits against the …
A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb” of New York-based American International Group, Inc. (AIG), as well as the financial strength rating (FSR) of ‘A’ (Excellent) and the ICRs of “a” of the members of …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a” of UK-based AIG Europe Limited (AEL), formerly Chartis Europe Limited, and has assigned a stable outlook to both …
AXA Assistance UK, a leading motor and property assistance provider (part of the global AXA Group) announced that it has extended its long-term partnership with specialist classic vehicle insurance broker Footman James to provide dedicated motor [auto] assistance and a …
