Risk Management Solutions announced the addition of Japan earthquake to its existing suite of parametric industry loss indices covering U.S. hurricane, U.S. earthquake, and Europe windstorm. RMS said: “Paradex Japan Earthquake – the first parametric index for this peril region …
A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength ratings (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of EMC Insurance Companies (EMC) and its seven P/C members, which operate …
European aviation authorities urgently need to revise their airspace rules to minimize disruption from ash emitted by an Icelandic volcano, the airline industry body IATA said on Tuesday. The International Air Transport Association said the current system was leading to …
Ohio Department of Insurance Director Mary Jo Hudson announced that the department has revoked the license of Centennial Insurance Company of New York, N.Y., for alleged violations of Ohio insurance law. Centennial Insurance Company reported a negative capital and surplus …
UK-based Miller Insurance Services, an independent insurance and reinsurance broker, announced that Paul Loring and Clare Brooking, both facultative reinsurance specialists, have joined its team in London. They both specialize in the placement of facultative reinsurance, said the bulletin, particularly …
Standard & Poor’s Ratings Services has affirmed its ‘A-‘ long-term counterparty credit and insurer financial strength ratings on AG Insurance and the operating entities of Millenniumbcp-Fortis Grupo Segurador S.G.P.S. S.A.; its ‘BBB-/A-3’ issuer credit rating on holding companies Ageas N.V. …
President Barack Obama said Tuesday he was disappointed that a measure to lift limits on oil firm liability for spills had stalled in the U.S. Senate, and blasted Republicans he said had stopped it. “I am disappointed that an effort …
Farmers from across the Midwest told a U.S. House committee that a crop risk management program introduced in the 2008 farm bill is a good tool but it’s way too complex. The Average Crop Revenue Election program provides revenue support …
A federal judge has dismissed a challenge to the new Oregon workplace meetings law which prohibits employers from firing workers who refuse to attend meetings to discuss politics, religion or union organizing. U.S. District Judge Michael Mosman dismissed a lawsuit …
The Dubuisson home will resemble others in the traditional Pass Christian neighborhood when construction is complete this summer yet underneath will be a superstructure built to withstand 200 mile-per-hour winds and cut wind insurance premiums to $1,000 a year. The …
