A.M. Best has affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating of “bbb+” of the Philippines-based Malayan Insurance Co., Inc. (MICO), both with stable outlooks. The ratings reflect MICO’s “solid risk-adjusted capitalization, prominent business profile in …
The U.K.’s top financial conduct watchdog’s first birthday today was marred by complaints from the government and lawmakers about its handling of a leak that sent shares in insurance companies tumbling last week. The Financial Conduct Authority’s private briefing to …
A Corpus Christi man is suing the Texas Windstorm Insurance Association for hundreds of millions of dollars because he says it improperly passed on costs to policyholders like him after Hurricane Ike in 2008. Ramiro Gamboa filed the lawsuit on …
Chemotherapy pills that cancer patients can take at home would be more affordable under a bill that the Wisconsin Senate passed on April 1 – the last planned meeting day of its two-year session. The oral chemotherapy bill was one …
A federal agency’s final report about its technical investigation into the 2011 Joplin tornado calls for nationally accepted standards for building design and construction, and public shelters and emergency communications that the group says can significantly reduce tornado deaths. The …
Hilltop Holdings Inc., a Dallas-based financial holding company with interests in financial services and insurance operations, announced an agreement to acquire SWS Group Inc., a holding company that provides investment and financial services through subsidiaries. SWS Group is also headquartered …
PG&E Corp., owner of California’s largest utility, was charged with 12 pipeline safety violations by the U.S. government for a 2010 natural gas explosion that killed eight people in San Bruno, California. The criminal case comes three and half years …
New Jersey Department of Banking and Insurance Commissioner Ken Kobylowski this week provided advice to consumers when shopping for insurance coverage. Whether buying and insuring a new car, starting a small business or moving into the state, insurance shoppers should …
A celebrity photographer sought to boost the potential damages he could win from Justin Bieber in a lawsuit that accuses the singer and a bodyguard of battery in a confrontation outside a recording studio. The photographer’s attorney, Mark DiCowden, said …
A tornado has damaged at least three farms in rural Minnesota, but no injuries are reported. Yellow Medicine County Sheriff Bill Flaten said in a statement the tornado was reported about 4 p.m. on March 31 southeast of St. Leo. …
