The UK’s Insurance Industry Working Group (IIWG) has published its report into the medium and long-term challenges facing the country’s insurance industry. The group was commissioned in October 2008 to look into the challenges and opportunities facing the UK’s Insurance …
Jack Crews is watching his neighborhood on the south side of Kernersville change from fields and houses to offices and businesses. But he still got a shock when he got his revaluation notice earlier this year. His property value had …
With Congress debating how to reform Athe nation’s health care system, a new survey report reveals that 79 percent of Tennessee’s small business owners, including the self-employed, are struggling to afford healthcare coverage and a considerable majority support changes, including …
President Barack Obama, citing a new White House study suggesting that small businesses pay far more per employee for health insurance than big companies, said Saturday the disparity is “unsustainable — it’s unacceptable.” “And it’s going to change when I …
A.M. Best Co. has revised the outlook to stable from positive and affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Taiwan’s Central Reinsurance Corporation. Best explained that the “revised outlook reflects the …
The California Legislature has passed the 2009-10 budget, with $24.2 billion in deficit reduction solutions and a $921 million reserve; in total solving a $25.3 billion problem. The bipartisan solution was the product of several months of negotiations and public …
Lloyd’s announced the opening of a new office in Dublin, Ireland. Lloyd’s Chairman Lord Levene, who presided at the ceremony to open the new facility, indicated that its establishment illustrates the market’s confidence in the Irish economy, despite the effects …
The Connecticut Insurance Department has fined Safeco Cos. $434,000 following a market conduct exam of the five subsidiaries for the insurer. The fines are for violations that include improper cancellations, improper rating and using unlicensed agents and adjusters among others. …
The California State Senate passed a package of bills early Friday morning, revising the 2009-10 budget, that was passed in February, with $24.2 billion in deficit reduction solutions and a $921 million reserve; in total solving a $25.3 billion problem. …
Federal securities class action activity declined in the first half of 2009, with a particularly significant decline in the second quarter. According to Stanford Law School Securities Class Action Clearinghouse and Cornerstone Research, a total of 87 federal securities class …
