Standard & Poor’s Ratings Services has affirmed its ‘A-‘ junior subordinated long-term debt rating on the €250 million ($387 million) undated, subordinated notes issued by Austria-based Wiener Staedtische Versicherung AG Vienna Insurance Group (WSV AG; A+/Positive/–), following receipt of final …
The Hartford Steam Boiler Inspection and Insurance Co. has a new data compromise insurance coverage that helps businesses respond to data breaches by covering the cost of client notifications and supplying services such as credit monitoring and identity restoration for …
Employees who complain of racial bias in the workplace and then face retaliation can sue under a post-Civil War-era law barring discrimination, the U.S. Supreme Court ruled Tuesday. In a second similar decision, the high court ruled that a provision …
Massachusetts Commissioner of Insurance Nonnie S. Burnes has approved the acquisition of Commerce Insurance Co., principal subsidiary of The Commerce Group of Webster, Mass., by the Spanish insurance company Mapfre, S.A. The approval will allow Mapfre, one of the largest …
May 18-24, 2008, marks National Insurance Women’s Week, a celebration recognizing the contributions women are making in all areas of the insurance industry. The National Association of Insurance Women began NAIW Week as National Insurance Women’s Day on May 10, …
NAIW International took root in 1938, when Elsie B. Mayer and C. Bertha Rachofsky joined nine other Denver insurance women to form an organization for insurance education purposes, according to NAIW International. The two most challenging aspects facing Insurance Women …
The U.S. 9th Circuit Court of Appeals has invalidated Nevada’s insurance producer countersignature law, in what could be the final nail in the coffin for these requirements on nonresident producers. U.S. District Judge Melvin Brunetti, writing for the 9th Circuit …
The nation’s bank holding companies experienced a slight increase of 0.5 percent in their total insurance revenue from $43.5 billion in 2006 to $43.7 billion in 2007. Citigroup Inc. (N.Y.), Wells Fargo & Co. (Calif.), HSBC North America Holdings (Ill.), …
The U.S. 9th Circuit Court of Appeals has invalidated Nevada’s insurance producer countersignature law in what could be the final nail in the coffin for these requirements on nonresident producers. U.S. District Judge Melvin Brunetti, writing for the 9th Circuit …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of RSUI Group and its members. Best also affirmed the ICR of “bbb” and debt rating of “bb+” on $290.4 …
