Insurance rates in most major regions including Latin America, Asia-Pacific, the UK and continental Europe declined modestly in the second quarter of 2013, while rates in the U.S. rose moderately, according to insurance broker Marsh’s latest Global Insurance Market Quarterly …
A southern West Virginia mine foreman faces up to five years in prison after pleading guilty to falsifying safety reports at four mining operations. Federal prosecutors say 36-year-old Craig Belcher of Bluefield pleaded guilty Monday to providing a false statement, …
Catlin Group Limited announced the launch of its next “Seaview Survey,” which it described as a “significant expansion of its study of coral reefs with a new campaign in the Caribbean and Bermuda.” The survey is the latest to be …
Florida and Georgia, two states where politicians oppose U.S. President Barack Obama’s healthcare law, said this week that insurance rates for individuals would rise sharply in 2014 under the reform. The remarks are part of an increasingly polarized debate over …
Gas drilling caused “significant damage” to drinking-water aquifers in a Pennsylvania town at the center of a fight over the safety of hydraulic fracturing, according to a report prepared by a federal official. The previously unreleased document from an employee …
The Obama administration has delayed by nearly a year a plan to boost safety standards for the type of rail car involved in a fiery explosion that killed at least 47 people in Canada this month. Officials began work on …
National Interstate Corp., the insurer majority owned by American Financial Group Inc., plunged the most since 2008 after reserves for claims in prior periods proved inadequate, fueling a surprise quarterly loss. National Interstate, which insures transportation providers, fell 18 percent …
Daimler AG’s Mercedes-Benz vehicles were the most sought-after luxury brand among U.S. car thieves from 2009 through 2012 as the New York City region had the greatest number of thefts, an insurance industry group said. More Mercedes C-Class cars, a …
A.M. Best Asia-Pacific Limited has revised the outlook to negative from stable and affirmed the financial strength rating of ‘A’- (Excellent) and issuer credit ratings (ICR) of “a-” of TOWER Insurance Limited (TIL), TOWER Health & Life Limited (THL) and …
A.M. Best Co. has placed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Bermuda-based S.A.C. Re, Ltd. under review with negative implications. Best explained that the rating actions reflect its “concern with the business …
