The rising gap between rich and poor in nearly every country, rich or poor, went largely ignored during the decades of globalization-fueled boom. But with large parts of the world in financial crisis, ending the time when a rising global …
With an 11th fatality declared as a result of the crash at the National Championship Air Races in Reno, Nev. on Friday, one of the world’s largest airshow insurers is anxious to draw a distinction between airshows and air races. …
The National Association of Mutual Insurance Companies (NAMIC) presented the Federal Legislator of the Year Award to U.S. Rep. Judy Biggert, R-Ill., at its annual convention in Indianapolis. ‘Rep. Biggert is a well-respected member of the House Financial Services Committee, …
The National Association of Mutual Insurance Companies (NAMIC) named Robert P. Hartwig, Ph.D., president/CEO of the Insurance Information Institute, New York, N.Y., as the association’s 2011 Chairman’s Award winner. Hartwig has been with III since 1998, initially as an economist …
Former “Two and a Half Men” star Charlie Sheen and the studio that fired him are drawing closer to a deal to end their legal dispute. According to a person familiar with the talks, Sheen and Warner Bros. were near …
Google Inc. urged a federal judge to reject an Oracle Corp expert’s recommendation that it pay more than $2.2 billion for infringing on patents for Java technology used in the Android operating system. U.S. District Judge William Alsup in San …
A.M. Best Co. has upgraded the issuer credit rating to ‘a+’ from ‘a’ and affirmed the financial strength rating of ‘A’ (Excellent) of New York-based Dryden Mutual Insurance Company, both with stable outlooks. The rating actions reflect Dryden Mutual’s “very …
The Hilb Group, a Glen Allen, Va.-based holding company that focuses on acquiring mid-market agencies, is further expanding in New York State. The company opened a new office in Rochester and also expanded an existing office in Bay Shore for …
Selective Insurance Group is acquiring Montpelier U.S. Insurance Company (acronym MUSIC), an excess-and-surplus lines unit from Montpelier Re U.S. Holdings Ltd., for $55 million. Selective said the deal would be completed before the end of the year, pending customary closing …
A.M. Best Co. has assigned a financial strength rating of ‘A-‘ (Excellent) and an issuer credit rating of ‘a-‘ to NIPPONKOA Insurance Company (China) Limited, both with stable outlooks. The ratings are reflective of NIPPONKOA China’s “strong balance sheet strength, …
