Statewide Insurance Brokers has expanded its coverage for contractors into the state of Washington. The company plans to enter the state with very competitive rates. “Our growth is fueled by the demand that is created by our extremely competitive rates,” …
If all states implemented comprehensive graduated driver licensing (GDL) laws, an estimated 2,000 lives could be saved. Further, if all 50 states were to enact comprehensive GDL laws, it could generate savings of $13.6 billion per year. That’s according to …
Federal disaster aid approved for earthquake-related damage in Louisa County has topped $5 million. Federal and state emergency officials say most of the aid, $5.1 million, was approved for housing expenses such as home repair costs and temporary rental assistance. …
The China General Chamber of Commerce – U.S.A. has honored Maurice R. Greenberg for his contributions toward U.S. and China exchanges. The organization’s Win-Win Award was presented to the insurance executive at the group’s dinner in New York City that …
Independent agents in Florida are concerned that an appointment contract offered by a Florida homeowners insurer that recently assumed thousands of policies from another company could result in a loss of those clients. Homeowners Choice Insurance Co., through its wholly-owned …
People playing contact sports assume the risk they will be injured, South Carolina’s Supreme Court ruled this week, upholding a lower court’s ruling that said a man injured in a softball game should have known he could be hurt. David …
The Supreme Court hears arguments on Wednesday over whether Prometheus Laboratories may patent instructions for observing changes in a patient’s body to set drug dosages in a decision that could affect the future of “personal medicine.” The case focuses on …
A.M. Best Co. has downgraded the financial strength rating to ‘B+’ (Good) from ‘B++’ (Good) and issuer credit ratings to “bbb-” from “bbb” of Wisconsin Reinsurance Corporation and its wholly-owned subsidiary, 1st Auto & Casualty Insurance Company, together known as …
A.M. Best Co. has affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating of “bbb” of China Taiping Insurance (NZ) Limited (CTINZ), both with stable outlooks. Best said the ratings reflect CTINZ’s “adequate risk-adjusted capitalization, effective reinsurance …
Losing customers and struggling to find talented workers are the top two risks facing business leaders across the world, according to a new report published by Lloyd’s. The report, based on a global survey of 500 business leaders, was carried …
