The parents of a slain Waterloo girl will receive $103,000 in a settlement of their wrongful death lawsuit against the city. The Waterloo-Cedar Falls Courier reported that the city’s liability insurance carrier, Travelers Co., agreed to pay Adonnis Hill and …
Private U.S. property/casualty insurers’ net income after taxes rose to $16.5 billion in first-half 2010 from $6 billion in first-half 2009, with insurers’ overall profitability as measured by their annualized rate of return on average policyholders’ surplus increasing to 6.3 …
Standard & Poor’s Ratings Services announced that its ratings on Bermuda-based Endurance Specialty Holdings Ltd. – currently ‘BBB+’ with a stable outlook – and its operating subsidiaries are “not affected by the acquisition of a portion of Glacier Reinsurance AG’s …
A life insurance company has reached a settlement with state regulators over discrimination in rates charged to black policyholders. A statement issued by the Texas Department of Insurance said Austin-based Citizens National Life Insurance Co. settled the complaints against two …
A.M. Best Europe – Rating Services Ltd has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 510, which is managed by R.J. Kiln & Co Ltd. Best also affirmed …
A.M. Best Co. has downgraded the issuer credit rating of Southern General Underwriters Insurance Company (SGU) Marietta, Georgia, to “bbb” from “bbb+” and affirmed the financial strength rating of B++ (Good). Concurrently, A.M. Best Co. has affirmed the financial strength …
The ACE Group announced that it has “received approval from Malaysia’s financial regulator, the Minister of Finance, through Bank Negara Malaysia, to acquire Jerneh Insurance Berhad, a general insurance company that is majority owned by Jerneh Asia Berhad, an investment …
State Compensation Insurance Fund today announced it earned $143 million in net income in 2009, up from $75 million for the prior year. In its 2009 Annual Report, the company noted it has an increase of $161 million in policyholders’ …
Property/casualty insurers now have access to two standardized watercraft coverage programs for the cost of one. The American Association of Insurance Services (AAIS) has released revised forms and new manual rules and loss cost rating information for insuring privately owned …
A federal appeals court decertified a class of unions and insurers that accused Eli Lilly and Co. of overpricing its Zyprexa anti-psychotic drug after misrepresenting its efficacy and side effects. The U.S. Second Circuit Court of Appeals Friday also said …
