It was bad enough when Matthew Norville rear-ended another driver, crushing the front end of his own car. A few weeks later, the Pensacola college student got a $714 bill to cover the cost of the county police and firefighters …
As millions of U.S. households face financial hardship in the current U.S. recession, retaining existing customers has never been more important. For insurance carriers in terms of long-term profitability, customer retention is tops, according to the J.D. Power and Associates …
Standard & Poor’s Ratings Services said that its ratings on American International Group Inc. (AIG; A-/Negative/A-1) and its insurance subsidiaries (A+/Negative/–) are not affected by AIG’s announcement that it will transfer AIU Holdings Inc. to a special purpose vehicle and …
A dramatic increase in activity by Somali pirates led to a near doubling in the number of ships attacked during the year’s first quarter compared with the same period in 2008, according to a report from the International Chamber of …
Insolvent financial firms must be allowed to fail regardless of their size, and sheltering such “too big to fail” institutions risks making the financial crisis worse, a top Federal Reserve official said Tuesday. In blunt criticism of the government and …
Editor’s Note: The following commentary originally was addressed to Thomas Feyer with New York Times in response to an opinion expressed by Tom Wilson, CEO of Allstate, advocating federal regulation of insurance.. Contributing to the current economic volatility have been …
The Texas Supreme Court has ruled that an insurance company must pay a family’s claim over a child critically injured by a truck that was fleeing from police. The child’s parents, Greg and Maribel Tanner, sued the speeder, who was …
Standard & Poor’s Ratings Services has affirmed its ‘BBB+’ global scale long-term counterparty credit and financial strength ratings on AXA Seguros S.A. de C.V. (AXA Seguros; formerly known as Seguros ING S.A. de C.V.). S&P also affirmed its ‘mxAAA’ national …
Texas lawmakers, unhappy with a recent state Supreme Court decision in a high profile workers’ compensation case, have passed out of committee a measure its sponsors say will overturn the Court’s ruling in Entergy v. Summers. In early April the …
The Property Casualty Insurers Association of America (PCI) praised the decision of the Illinois Supreme Court to order a new trial in an important asbestos litigation case, Nolan v. Weil-McLain (No. 103137). The case involves Clarence Nolan who died as …
