May 27, 2010
The nation’s most knowledgeable drivers are in Idaho, Wisconsin, Montana and Kansas, while the least knowledgeable are in New York, New Jersey, Hawaii and California. That’s according to results from the 2009 GMAC Insurance National Drivers Test, which found that …
May 25, 2010
Shareholders have sued the board of BP Plc for failing to monitor safety and exposing the company to potentially enormous liability related to the Deepwater spill disaster in the Gulf of Mexico, according to court documents. A month ago a …
May 24, 2010
A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A (Excellent) from ‘A-‘ (Excellent) and issuer credit rating (ICR) to “a” from “a-” of New York-based AXA Insurance Company. Best has also affirmed the FSR of ‘B++’ (Good) …
May 18, 2010
A U.S. judge has taken the unusual step of sanctioning a unit of Transocean Ltd, owner of the rig in the Gulf of Mexico spill, for “vexatious” tactics in fighting liability from a decades-old oil well spill in Louisiana. Attorneys …
May 17, 2010
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Zenith National Insurance Group and its members, Zenith Insurance Company and its wholly owned subsidiary, ZNAT Insurance Company. Best …
May 12, 2010
Violent storms that tore through the southern Plains on May 10 killed five people and injured dozens more, leaving behind flattened homes, toppled semitrailers and downed power lines. Several tornadoes were reported in Oklahoma and Kansas as the storms moved …
May 5, 2010
A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings of “a” of United Fire & Casualty Group (UFCG) and its five P/C members, which …
April 30, 2010
Institutional investors are continuing to target Massey Energy’s board of directors over an explosion that killed 29 coal miners earlier this month. The New Jersey Building Laborers Pension Fund blames Chairman Don Blankenship and other board members for the April …
April 22, 2010
Zenith National Insurance Corp. announced today that the Delaware Court of Chancery, ruling from the bench after hearing arguments from plaintiffs who had filed actions in both Delaware and California, has denied the preliminary injunction that was filed to attempt …
April 2, 2010
Eastern Insurance Holdings Inc. has established a satellite office in Nashville, Tennessee in support of its subsidiary Eastern Alliance Insurance Group (EAIG), which specializes in workers’ compensation insurance. EAIG said it received regulatory approval to write casualty insurance products in …