A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of the UK-based Sunderland Marine Mutual Insurance Company Limited (SMMI), both with stable outlooks. Best said it anticipates an improvement in SMMI’s …
The insurer-funded, nonprofit Gulf State Insurance Information Center (GSIIC) has launched a new Web site – www.GulfStateInsuranceCenter.org – to serve as a repository of information on insurance issues impacting Louisiana. The information available on the site will be specifically about …
Colorado’s Department of Regulatory Agencies Division of Insurance has fined Denver-based COPIC, one of the state’s largest medical professional liability insurers, following a market conduct examination. According to the DOI, COPIC had “numerous issues” related to its long-term care insurance …
A consortium of leading Chinese companies including Industrial and Commercial Bank of China Ltd, China Life Insurance Co Ltd, plans to bid for a 30 percent stake in American Insurance Group Ltd’s Asian life insurance business, AIA, the 21st Century …
North Carolina’s largest health insurer says it plans to lay off about 90 people as part of cost-cutting moves to prepare for the new federal health care law. The News & Observer reports Friday that Blue Cross and Blue Shield …
In the wake of the BP oil disaster, more than 50 U.S. and other environmentally active global investors sent letters to major energy companies asking them to disclose information on their spill prevention and response plans for their offshore oil …
American International Group Inc, already a big headache for taxpayers, could leave its shareholders with a migraine. AIG, which is nearly 80 percent owned by the U.S. government, owes taxpayers more than $100 billion. That along with other debt makes …
Asia’s heavy monsoons, a record heatwave in Russia and severe droughts in Africa show the need for new yardsticks to rate extreme weather to guide everybody from road builders to insurance companies, a U.N. expert said on Friday. Scales exist …
The Florida Chamber of Commerce says that a poll they had conducted shows Florida voters put grave importance on efforts at property insurance reform. The poll, which was supported jointly by the Chamber and the Property Casualty Insurers Association of …
The Arizona Supreme Court is weighing in on the state’s uninsured/underinsured motorist coverage selection form — a decision that could dramatically increase insurance agency’s errors and omissions premiums, according to the Independent Insurance Agents and Brokers of Arizona. According to …
