An insurance provision in the U.S. farm bills proposed by the House and Senate could have corn, soybean, and wheat farmers making more money in a bad year, such as during a drought, than in a good year, an environmental …
A jury in California on Thursday found Toyota Motor Corp. not liable in one of the first wrongful death lawsuits to go to trial in the United States over alleged defects that caused some vehicles to unexpectedly accelerate. The closely …
Workers’ compensation insurer The MEMIC Group announced this week that policyholders of its Maine-based company, Maine Employers’ Mutual Insurance Company (MEMIC), will receive dividend checks totaling more than $16 million this November, a record amount for the company. The announcement …
Connecticut Police are cracking down on motorists who text or use a hand-held cellphone while driving. Authorities call it “high-visibility enforcement” intended to call attention to a state law that took effect Oct. 1. It allows reporting of distracted driving …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of French reinsurer SCOR SE and its main subsidiaries. Best also affirmed the existing debt ratings …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a” of China Reinsurance (Group) Corporation and its subsidiaries, China Property & Casualty Reinsurance Company Ltd. (CPCR) and China Life Reinsurance Company Ltd. …
The London-based Managing General Agents’ Association (MGAA) announced the appointment of Peter Staddon as its first managing director, effective from the 1st of November 2013. “Staddon will drive the Association’s continuing growth strategy including regional expansion, building its profile and …
Norman-Spencer Agency, Inc., a national insurance provider and program administrator, has made changes to its crane & boom truck program, including employee resource additions, new technology and product enhancements. The Norman-Spencer program features separate general liability, riggers, and automobile limits. …
Vermont Gov. Peter Shumlin and other state officials announced Thursday that the state’s Department of Financial Regulation (DFR) has licensed Vermont’s 1,000th captive insurance company.At a Statehouse ceremony Thursday, DFR Commissioner Susan Donegan signed the license for the 1,000th captive …
Class action lawsuits in federal courts on both coasts have been initiated on behalf of small businesses in California, New York and New Jersey against American International Group (AIG) over workers’ compensation reporting. Plaintiff attorneys say the case could involve …
