A.M. Best Co. has assigned a financial strength rating of ‘A’ (Excellent) and an issuer credit rating (ICR) of “a” to Hong Kong–based Starr International Insurance (Asia) Limited – both with stable outlooks. Best said the ratings reflect Starr International …
The U.S. House of Representatives will vote next week on repealing the antitrust exemption for health insurers, but Democrats remained uncertain Tuesday on how to proceed on a broader healthcare overhaul. Senate Democratic leader Harry Reid and House Speaker Nancy …
A.M. Best Co. has assigned a financial strength rating of ‘B+’ (Good) and an issuer credit rating of “bbb-” to Vietnamese insurer Petrovietnam Insurance JSC (PVI), with a positive outlook on both ratings. The ratings reflect PVI’s “sound capitalization, excellent …
Munich Re announced that according to its “preliminary calculations” consolidated profits increased “significantly” in 2009 to €2.56 billion [$3.57 billion, compared to €1.58 billion [$2.2 billion] in 2008. Profits for the fourth quarter of 2009 were €780 million [$1.087 billion], …
Starting February 1, Nevada motorists will be required to present proof of insurance at the Department of Motor Vehicles when registering a vehicle for the first time. To assist Nevadans who might not be aware of this new requirement, Insurance …
Hurricane Ike, which struck Galveston on Sept. 13, 2008, has proved to be the costliest weather catastrophe in Texas history by a large margin. The storm racked up nearly $12 billion in windstorm and flood insurance claims in the state. …
Congressional investigators Thursday sought documents from Toyota Motor Corp and U.S. safety regulators about a pair of safety recalls the automaker was racing to address. House Energy and Commerce Committee Chairman Henry Waxman said he would hold a hearing next …
BlueCross BlueShield of Tennessee says the theft of computer hard drives containing personal information on hundreds of thousands of members has already cost the insurer more than $7 million. The insurer has already contacted 220,000 members in Tennessee and elsewhere …
Law enforcement agents from Britain and Iceland searched the premises of Icelandic insurer Exista HF on Tuesday in a probe related to the trading of shares in other companies. The company said Tuesday its offices in Reykjavik were searched by …
A.M. Best Co. has upgraded the financial strength ratings (FSR) to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit ratings (ICR) to “a” from “a-” of Royal & Sun Alliance Insurance Company of Canada (RSA Canada), Quebec Assurance Company and …
