A.M. Best has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of India’s General Insurance Corporation of India (GIC Re), both with stable outlooks. Best said the “ratings reflect GIC Re’s solid risk-adjusted …
Aon has reported fourth quarter total revenue of $3.3 billion, and $12 billion for the full year. Other highlights for the fourth quarter include the following: – Organic revenue growth of 6 percent – Operating margin increased 320 basis points …
PartnerRe Ltd. announced that Greg Haft has been appointed head of catastrophe, subject to Bermuda immigration approval. Based in Bermuda, Haft is responsible for PartnerRe’s worldwide catastrophe reinsurance business and reports to Emmanuel Clarke, CEO PartnerRe Global. Haft succeeds Brian …
House members are moving ahead with a ban on texting and social media use while driving, after killing a similar bill in the closing moments of the 2014 legislative session. The House voted 98-20 Friday to approve House Bill 389. …
Drivers convicted of driving under the influence in Kentucky would have it on their record for 10 years under a bill approved by the Senate Judiciary Committee. Currently, it takes four driving under the influence convictions within five years to …
Citizens Property Insurance Corp.’s Board of Governors has approved a contract to consolidate the company’s information technology and other functions at the EverBank Center in downtown Jacksonville, Fla. The move, which is scheduled to be completed by the end of …
Gov. Pat McCrory is taking heat after saying in his annual State of the State address last week that nearly half of workers’ compensation claims paid to state employees are the result of abuse or fraud. “We all want to …
A group of lawmakers and residents from the Mississippi Gulf Coast are again pushing a bill that would require insurance companies to disclose, by geographic area, how much they are charging to insure property. The idea, which originated in Alabama, …
The Crichton Group, an independent insurance agency in middle Tennessee, has appointed a new partner and a new director of risk management. In addition, it has also added an account executive and an account manager to its team. Joe Lacher …
Insurance companies aren’t giving up on their quest to raise premiums on North Carolina homeowners by an average of 25 percent, according to an industry spokesman. The group representing nearly 100 companies selling homeowners policies in North Carolina is appealing …
