Homeowners insurance customers who file a property claim are much less satisfied with their claims experience than auto claimants, according to a new study. The satisfaction level of homeowners claimants is significantly lower than that of auto claimants, says J.D. …
British Environment Minister Ed Miliband has accused China, Sudan, Bolivia and other left-wing Latin American nations of having tried to hijack the U.N. climate summit to stop a deal, the Guardian reported on Monday. The summit in Copenhagen ended with …
A federal jury on Dec. 18 awarded more than $100 million to 10 workers who claimed they were injured in 2007 when a toxic substance was released at BP PLC’s Texas City plant. The jurors in Galveston, southeast of Houston, …
A.M. Best Co. issued a bulletin that said it believes that the new “Exposure Draft (ED) Standard on Solvency Requirements for Takaful (Islamic Insurance) Undertakings,” published by the Islamic Financial Services Board (IFSB), “provides a good basis for evaluating the …
A bank teller from a small North Dakota town says she’s scared and can no longer work after she was held up at gunpoint and left handcuffed on the floor. Now she’s getting robbed by the state workers’ compensation agency, …
Standard & Poor’s Ratings Services has raised its counterparty credit rating on Platinum Underwriting Holdings Ltd. to ‘BBB+’ from ‘BBB’. S&P also assigned its ‘A’ counterparty credit and financial strength ratings to Platinum’s insurance subsidiaries: Platinum Underwriters Reinsurance Inc. and …
The state of Nevada has announced that Insurance Commissioner Scott Kipper has approved NV Energy’s application to form a captive insurer. According to a press statement, Nevada is home to the fourth most captive insurers. Currently, 125 active captive insurers …
A broad healthcare overhaul passed its first crucial test in the Senate Monday, with 60 Democrats voting to put President Barack Obama’s top legislative priority on a path to passage by Christmas. In a middle-of-the-night vote in a snowbound U.S. …
During a typical year, Jones residents will feel one or two earthquakes. This year there have been 25 since March, and all of them have been felt, according to the Oklahoma Geological Survey. “I can tell you what’s going on, …
A sweeping healthcare reform bill appears headed for passage in the U.S. Senate after surviving a test vote early Monday morning. The bill has been criticized by some liberals who complain that without a new government insurance option it will …
