A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a+” of UK-based QBE Insurance (Europe) Limited , Australia’s QBE Insurance (International) Limited and QBE Reinsurance (Europe) Limited, which is based …
A.M. Best Co. has affirmed the various financial strength ratings (FSR) and issuer credit ratings (ICR) of the operating entities of QBE the Americas, which include the New York-based QBE Re Group, the Delaware-based QBE Regional Insurance Group and its …
Minnesota Attorney General Lori Swanson is suing two out-of-state companies for selling allegedly fraudulent health insurance coverage to the uninsured. In an announcement on the AG’s Web site, Swanson said the two companies are “scamming Minnesota citizens struggling with the …
The U.S. Senate passed a temporary extension of the National Flood Insurance Program (NFIP) and President Barack Obama signed the legislation into law just few hours before the program was set to expire yesterday. The NFIP extension was passed as …
A.M. Best Co. has assigned a financial strength rating of ‘A’ (Excellent) and an issuer credit rating of “a” to Chicago-based Starr Surplus Lines Insurance Company, a wholly owned subsidiary of Bermuda-based Starr Insurance & Reinsurance Limited and an indirect …
The White House is weighing sanctions targeting Iran’s dependence on gasoline imports and insurance firms that underwrite the trade, even as U.S. officials focus for now on diplomatic efforts to resolve a nuclear standoff. President Barack Obama warned Iran last …
Insurance brokers say private companies won’t sell flood insurance in Kent, Renton, Auburn and Tukwila where the Corps of Engineers says Green River flooding is likely this winter. Federal insurance is still available but capped at $500,000 for a structure …
Planned information technology (IT) spending by property/casualty insurance companies increased 1.6 percent from 2008 to 2009, according to researchers. The planned increase in spending from 2009 to 2010 will only be around 0.2 percent. This slight increase is expected despite …
California State Insurance Commissioner Steve Poizner announced today that the Department of Insurance has reached a $600,000 settlement agreement with Life Insurance Company of North America (“LINA”) to resolve allegations of disability insurance claims handling violations from February 2005 through …
BrickStreet Mutual Insurance has remitted its final payment to West Virginia for funds it owes the state for aiding its transition from a state-run organization to a private carrier in 2006. Since the end of June when the workers’ compensation …
