Phil Wall, Senior Account Engineer at ACE, speaking at The Economist Risk Summit in London on Thursday, urged businesses to recognize that initiatives designed to reduce costs and streamline operations can create unforeseen side effects. These include increasing property losses …
Ohio Attorney General Richard Cordray has filed a lawsuit against national securities and credit ratings agencies Standard & Poor’s, Moody’s and Fitch over what the AG’s office called “false and misleading” securities information. The lawsuit, filed in United States District …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Flagstone Reinsurance Africa Limited, both with stable outlooks. The ratings reflect the company’s” strong risk-adjusted capitalization as well as …
Jefferson Parish’s embattled chief administrative officer, Tim Whitmer, is retiring as federal investigators began subpoenaing records of his private company’s insurance work with government agencies in Louisiana. The U.S. attorney’s office sent subpoenas to Parish President Aaron Broussard’s administration and …
A new report produced by Lloyd’s 360 Risk Insight and the Microinsurance Centre – Insurance in developing countries: exploring microinsurance and other commercial opportunities – notes that the size of the potential market is estimated to be “between 1.5 and …
A new survey finds Wisconsinites pay more for health insurance than the rest of the country and the cost is rising at a faster rate. The consulting firm Mercer finds employers and their workers in Wisconsin paid an average of …
About 40 people have died after being inoculated against H1N1 pandemic flu, but investigations so far show the fatalities were not caused by the vaccine, the World Health Organization said on Thursday. The U.N. agency reaffirmed that the pandemic vaccine …
Ford, Subaru and Volkswagen lead the insurance industry’s annual list of the safest new vehicles, according to a closely watched assessment used by car companies to lure safety-conscious consumers to showrooms. The Virginia-based Insurance Institute for Highway Safety awarded its …
Members of Wyoming’s Joint Judiciary Committee have voted down a measure that would have increased liability for oil and gas operators whose employees are injured in workplace accidents. Proponents of the bill, known as “duty of care,” said it would …
XL Insurance, the global insurance operations of XL Capital, announced “the strengthening of its equine capabilities” with the acquisition of an underwriting and claims team from London-based Unicorn Underwriting Limited, a subsidiary of THB Group plc. “The team of five …
