New York will hire more minority- and women-owned debt underwriters, lawyers and risk managers and ease regulatory barriers that are “openly discriminating” against foreign reinsurers, Democratic Gov. David Paterson told reporters Thursday. Paterson, the state’s first black governor, who is …
With federal aid limited and most homes damaged or destroyed by Midwest flooding lacking the proper insurance, states along the Ohio and Mississippi rivers will soon have to help homeowners recover, according to the nation’s No. 1 disaster official. “There’s …
Administrative penalties for April and May 2008 assessed by the Texas Department of Insurance Division of Workers’ Compensation (TDI-DWC) totaled $81,667. The disciplinary actions taken by Commissioner of Workers’ Compensation Albert Betts were for violations of the Texas Workers’ Compensation …
While the Midwest continues its struggles with Mississippi River flooding and its aftermath, residents to the south along the Lower Mississippi have little to fear from the high water. The Lower Mississippi, which begins at Cairo, Ill., is much deeper …
A.M. Best Co. has upgraded the issuer credit rating to “bbb+” from “bbb” and affirmed the financial strength rating of ‘B++’ (Good) of Guardian Insurance Company, Inc. of the U.S., Virgin Islands. The outlook for both ratings is stable. “These …
Federal crop insurance officials say they will allow additional time, until Aug 15, 2008, for submitting acreage reports for all 2008 crop year spring-seeded acreage in areas impacted by flooding and extreme weather conditions. This additional time applies to spring-seeded …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Chicago-based Old Republic Insurance (formerly known as Old Republic Group) and its members and Bituminous Insurance Companies of Rock …
The Texas Sunset Advisory Commission is holding a public hearing June 24 and 25 to gather comments on the Sunset Commissioner Staff Report recommendations on the continuing governance of the Texas Department of Insurance and the Office of Public Insurance …
Walls and levees held back the cresting Mississippi River Sunday as requests for government aid poured in from homeowners and businesses swamped by the worst Midwest flooding in 15 years. Across from St. Louis, where the river remained near the …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of the Texas-based Argonaut Insurance Group and its members. Best also affirmed the FSRs of ‘A’ (Excellent) and ICRs of …
