The agency responsible for managing the federal flood insurance program has made progress in carrying out key changes mandated by Congress in two recent laws but lacks resources and data to completely implement others, a government report says. [See copy …
Those now running comparison insurance shopping websites believe that they could be helped if Google enters into the business because the giant search engine could draw more attention to buying insurance online. However, they also believe Google would face the …
A.M. Best has commented that the issuer credit rating (ICR) of “bbb” and the unsecured debt and preferred equity ratings of Fairfax Financial Holdings Limited are unchanged following the announcement that Fairfax is expanding its global presence by acquiring Brit …
Fairfax Financial Holdings Ltd.’s Prem Watsa, who said this week that issuing stock was one of his last options for financing the purchase of Brit plc, opted days later to sell shares and guard his company’s credit rating. Watsa, Fairfax’s …
Two severe tropical cyclones that lashed Australia’s north and east coasts with destructive winds have been downgraded after hitting the mainland. No deaths or injuries have been reported in their wake. Cyclone Marcia has weakened two categories after crossing the …
Duke Energy expects to pay $100 million to settle an ongoing federal criminal investigation that began after a massive coal ash spill at a North Carolina plant. The details are contained in an earnings report filed with the Securities and …
The former Atlanta fire chief who was fired after self-publishing a book that described homosexuality as a perversion has sued the city and Mayor Kasim Reed. Former chief Kelvin Cochran announced the federal suit during a news conference on Wednesday. …
Citizens Property Insurance Corp. reports it returned nearly $310,000 in refunds to affected policyholders in 2014 as part of its efforts to recover claims payments of $4.9 million by pursuing reimbursement from product manufacturers, contractors and other third parties responsible …
The complex design of endoscopes that have been linked to a “superbug” outbreak at the UCLA Health System in California may hinder proper cleaning, the U.S. Food and Drug Administration warned on Thursday. The hospital system said seven patients were …
Green Bay, Wis.-based Associated Banc-Corp reported it has closed the previously announced acquisition of Ahmann & Martin Co., a risk and benefits consulting firm in Minnesota, through a merger with and into Associated’s subsidiary, Associated Financial Group LLC. Associated Financial …
