The West Virginia Board of Risk and Insurance Management paid $75,000 to resolve a lawsuit that challenged single-sex classrooms in Wood County. Board executive director Chuck Jones revealed the amount in response to a Freedom of Information Act request from …
Insurance rates for the state wind pool are set to increase Dec. 1 on renewals and new policies. The Sun Herald reported that a Mississippi Insurance Department filing shows owners of homes and mobile homes will see hikes of 3.2 …
Florida’s top financial officer is questioning regulators on why reports of significantly lower reinsurance costs worldwide are not translating into reduced premiums for homeowners around the state. Chief Financial Officer Jeff Atwater in a letter this week to Insurance Commissioner …
Weeks of revelations about secret U.S. surveillance programs could stymie progress on negotiations over new laws and regulations meant to beef up the country’s defenses against the growing threat of cyber attacks, cyber security experts say. Current and former cybersecurity …
The Bermuda-based Catlin Group Limited listed the following highlights for the financial results for the six months ended 30 June 2013. — Strong Underwriting Reflected in 88.9 percent Combined Ratio — Strong underwriting performance US$441 million in net underwriting contribution …
A.M. Best Europe – Rating Services Limited has commented that the financial strength rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 2010, “remains unchanged” after the announcement that Bermuda-based Lancashire Holdings Limited has entered …
A.M. Best Co. has commented that the ratings of Bermuda-based Lancashire Holdings Limited, Lancashire Insurance Company Limited and Lancashire Insurance Company (UK) Limited – collectively known as Lancashire – “remain unchanged following its announcement that it has entered into conditional …
The U.S. government climate agency on Thursday slightly lowered its forecast for the 2013 Atlantic hurricane season, but said it still expected “above normal” storm activity this year. The National Oceanic and Atmospheric Administration predicted the six-month season, which began …
The U.S. railway whose runaway train killed 47 people in a tiny Quebec town last month was granted bankruptcy protection from a Canadian court on Thursday and took steps in that direction in a U.S. court as well. Montreal Maine …
The Hartford has enhanced its FailSafe suite of professional liability offerings to address the evolving needs of technology companies with expanded coverage for data, systems and networks. “Professional liability is one of the most significant risks for technology companies today,” …
