A.M. Best has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Insurance Corporation of Barbados Limited (ICBL), both with stable outlooks. Best said the “ratings reflect ICBL’s solid capitalization, leading market presence …
Faber Global, the facultative and wholesale reinsurance arm of Willis Group Holdings, announced the appointment of Alistair Lester as CEO. He will report to Steve Hearn, Chairman and CEO of Willis Global. The current Faber CEO, Jason Howard, will become …
Editor’s Note: This is the first of an ongoing column covering the impact of climate change and emerging environmental regulations on the insurance and financial industries. It will appear every other week. The 1970s were an era of wide ties, …
The share-and-share-alike attitude considered a virtue by some has the potential to create a rift between between ridesharing companies and insurance companies. “We try not to make it a battle,” said Robert Passmore, senior director of personal lines for the …
Wood Gutmann & Bogart Insurance Brokers has hired Erik Johansson to head its new division, Performance Bonding Surety & Insurance Brokerage L.P. Johansson will serve as president of the division. He has written bonds on five continents, and has more …
Freedom Industries Inc., the chemical company that filed for bankruptcy after a leaky storage tank tainted the water supply in West Virginia, was ordered to do a better job of keeping the public informed. In a court filing yesterday, U.S. …
American International Group, Inc. (AIG) insurers have introduced a new policy endorsement that ensures primary directors and officers (D&O) policy funds are immediately available to clients named as defendants in securities lawsuits for the preparation of “event studies.” The endorsement …
Most people buying their own health insurance in Michigan could see near double-digit premium increases next year. State insurance regulators said that dominant insurers Blue Care Network and Blue Cross Blue Shield want to raise rates by an average of …
Oklahoma residents whose homes and nerves have been shaken by an upsurge in earthquakes want to know what’s causing the temblors — and what can be done to stop them. Hundreds of people were expected to turn out in Edmond, …
Lafayette, La., police are once again enforcing a law against rusting and broken-down vehicles. The move comes seven years after a lawsuit put the anti-blight effort on hold and forced a reworking of the city’s junked vehicle ordinance. Police Chief …
