It’s been almost a year to the day, when Aon Corporation announced that it would take over from AIG, as the shirt sponsor for the historic English football (soccer) club Manchester United [See IJ web site – https://www.insurancejournal.com/news/international/2009/06/03/101073.htm ]. Aon’s …
A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Puerto Rico based Cooperativa Seguros Group and its operating member, Cooperativa …
China’s curbs on exports of some raw materials to conserve resources may not meet the stated goals, while giving Chinese manufacturers an unfair advantage, the World Trade Organization said on Monday. The remarks, in a report prepared for China’s two-yearly …
A.M. Best Co. has downgraded the financial strength rating to ‘A’ (Excellent) from’ A+’ (Superior) and issuer credit ratings to “a+” from “aa-” of Frankenmuth Insurance and its member companies, and has revised its outlook on the rating to stable …
U.N. climate talks opened on Monday, exposing familiar rifts between rich and poor countries which delegates said were likely to delay a re-start of formal negotiations. The 185-nation Bonn conference, which will run until June 11, is the biggest international …
All Wisconsin drivers must carry auto liability insurance starting June 1, but it’s unclear how many will follow the law. Only about 15 percent of the state’s drivers are currently uninsured, which is roughly the same percentage as the national …
Catastrophe risk modeling firm AIR Worldwide has released a report that examines the implications of the Gulf oil spill on the upcoming hurricane season as well as indications of what this might mean to wildlife, ecosystems, business, and insurance interests. …
Louisiana lawmakers have agreed to a $68 million, five-year contract to hire a Mandeville company to run much of the claims processing and management currently handled by the state’s Office of Risk Management. The risk management office is the state’s …
Carol Terrebonne, a wholesale retailer who buys shrimp off the boats in southern Louisiana, laughs when asked about the $5,000 hardship payout she has received from energy giant BP to cushion the economic impact of the Gulf oil spill. “It …
Royanna G. Carle of Berkley Risk Administrators Company LLC has been installed as president of the Minnesota Chapter of the Chartered Property Casualty Underwriters Society. Other elected and installed officers for 2010-2011 are: Vice-President Gary Pasterik, Western National Insurance Group; …
