Puerto Rico News

Luxury doesn’t always buy safety

Owning a BMW, Mercedes, Lexus or Volvo may mean a driver will ride in style, but when it comes to safety, such luxury vehicles don’t necessarily have the same cachet. According to the Insurance Institute for Highway Safety, paying more …

Luxury doesn’t always buy safety

Owning a BMW, Mercedes, Lexus or Volvo may mean a driver will ride in style, but when it comes to safety, such luxury vehicles don’t necessarily have the same cachet. According to the Insurance Institute for Highway Safety, paying more …

Luxury doesn’t always buy safety

Owning a BMW, Mercedes, Lexus or Volvo may mean a driver will ride in style, but when it comes to safety, such luxury vehicles don’t necessarily have the same cachet. According to recent studies by the Insurance Institute for Highway …

Luxury doesn’t always buy safety

Owning a BMW, Mercedes, Lexus or Volvo may mean a driver will ride in style, but when it comes to safety, such luxury vehicles don’t necessarily have the same cachet. According to recent studies by the Insurance Institute for Highway …

Ratings Roundup: National Financial, HCC, CUNA Mutual

A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of National Financial Group and its members – National Group Insurance Company of Coral Gables, Fla. and National Insurance Company …

Flagstone Re Opens Puerto Rico Branch

Bermuda-based Flagstone Reinsurance Holdings Limited has completed the formation of Flagstone Underwriters Latin America Limited A.I., a subsidiary licensed to conduct business from its offices in Puerto Rico. The new facility expands Flagstone’s global underwriting platform and enlarges its business …

U.S. Distributes $109 Million to States with Primary Seat Belt Laws

U.S. Transportation Secretary Mary E. Peters announced that 17 states, the District of Columbia, Puerto Rico and four territories will receive more than $109 million under a federal program to encourage and enforce seat belt use. “Having a strong seat …

OneBeacon Pro Offers Admitted Managed Care E&O Coverage

OneBeacon Professional Partners business reports that it will begin offering managed care errors and omissions coverage on an admitted basis. The company, a unit of OneBeacon Insurance Group, said filings have been approved in 33 states, including Florida, Illinois and …

Dean Becomes Season’s First Atlantic Hurricane

The Atlantic hurricane season has begun. The National Hurricane Center has designated Tropical Storm Dean, with winds up to 80 mph, as the first hurricane and issued a warning that it is headed for the Caribbean’s Lesser Antilles. This morning …

NHC Tracking TS Dean

Miami’s National Hurricane Center is currently tracking the fourth named storm of the season – Tropical Storm Dean. The storm, which first formed southwest of the Cape Verde Islands, is “moving quickly westward with little change in strength,” said the …