The economy is turning more homeowners into renters, and the Ohio Department of Insurance wants them to remember to protect their possessions. Insurance director Mary Jo Hudson says not buying renter’s insurance may save money in the short term but …
After-tax profits for the U.S. property and casualty industry through the first nine months of the year were $4.1 billion — a 91.8 percent decline from the $50 billion in profits earned the same period a year ago, according to …
The deteriorating U.S. economy – with its waves of layoffs, dislocations in the credit and equity markets, and falling home prices – will present a challenge in 2009 for almost every domestic business sector, and insurance is no exception, according …
California Gov. Arnold Schwarzenegger joined federal and state officials from the United States and Mexico to announce the issuance of a federal permit that clears the way to create a new California-Mexico border crossing in Otay Mesa, Calif. Granted by …
The Arkansas Highway Commission has come out against raising speed limits on rural highways because it could increase the number of fatal traffic accidents. Also, it would lower fuel economy for motorists, according to a statement released by the Arkansas …
At their most recent conference in London, Swiss Re’s economists predicted a “severe recession until mid 2009 in industrialized economies, including the United States and Europe.” They also expect that there will be slower growth in emerging markets, “but not …
The directors and officers (D&O) liability insurance market appears headed for a sharp underwriting downturn beginning with 2008 results, analysts said in a new report released this week. Analysts at A.M. Best Co. believe the D&O market has remained highly …
Recession and the change of U.S. administration make it unlikely the world will meet a 2009 deadline for agreeing a full new pact to fight global warming, delegates at UN climate talks say. A year ago, 190 nations signed up …
A.M. Best Co. has commented that the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Flagstone Reassurance Suisse SA and the ICR of “bbb-“of Bermuda-based Flagstone Reinsurance Holdings Limited are unchanged, following the company’s …
Indemnity Excess & Surplus Agency of Beaverton, Ore., is offering a product that combines professional liability and general liability into one policy for technology service providers. The single policy includes separate coverage sections for errors and omissions and professional office …
