A.M. Best Co. has assigned a financial strength rating of ‘A’ (Excellent) and an issuer credit rating of “a” to ACE Seguros S.A., which is based in Panama. Its ultimate parent is ACE Limited, now based in Zurich, Switzerland. Best …
Willis Group Holdings announced that it has recruited Graeme Moore to the Specialty division of its reinsurance business, Willis Re. His appointment will “strengthen both the firm’s senior leadership team and its Specialty division,” said the announcement. Moore will join …
The Geneva Association, the international insurance think tank, issued a bulletin following the publication of both the Financial Stability Board’s (FSB) list of global systemically important insurers (G-SIIs) and the International Association of Insurance Supervisors’ (IAIS) publication of policy measures …
The largest global insurers will have to hold more capital from 2019 to cover risks they pose to the financial system should they go bust, global regulators said on Thursday. Regulators also released an initial list of nine insurers, including …
Alabama politicians said that they would consider drafting legislation to prevent people from riding in the backs of pickup trucks in the wake of a rollover accident near Guntersville. U.S. Rep. Mike Rogers, R-Anniston, told AL.com that it’s foolish for …
The state will provide $16 million to homeowners, business operators and farmers in five of the 12 upstate counties that were declared disaster areas after recent severe flooding but denied federal aid, Gov. Andrew Cuomo said Wednesday. Meanwhile, U.S. Sen. …
Minnesota has joined California, New York, Connecticut and Washington state in requiring insurers to respond to the Climate Risk Survey adopted in 2009 by the National Association of Insurance Commissioners (NAIC). Department of Commerce Commissioner Mike Rothman said his agency …
The Insurance Council of Texas presented Ron Cobb, counsel to the American Insurance Association (AIA), with the Raymond Mauk Leadership Award on July 18, in Austin, at ICT’s 21st Annual Mid-Year Property and Casualty Symposium. Cobb is the sixteenth recipient …
The Army Corps of Engineers is spending $1.3 million to raise about 4,000 feet of earthen levee in easternmost New Orleans that has subsided so low it wouldn’t be able to withstand a storm surge caused by a so-called 100-year …
A central Ohio township is going to pay nearly $900,000 to a former firefighter to resolve a sexual-harassment lawsuit. The Columbus Dispatch reports that the settlement between Orange Township and Raechel Peters also calls for reinstating the firefighter to her …
