Standard & Poor’s Ratings Services has assigned it’s ‘A-‘ rating to Travelers Cos.Inc.’s $500 million senior notes maturing in 2018. The company intends to use the proceeds for general corporate purposes. “The counterparty credit rating on Travelers is based on …
The Alabama Legislature is ready to raise the minimum amount of auto liability insurance that motorists must purchase. The current limits under Alabama’s mandatory insurance law are $20,000 for a single injury or death, $40,000 for multiple injuries or deaths, …
Four employees were injured in an explosion and fire that damaged an Alabama building-products mill early on May 7, company officials said. The injured workers at Louisiana-Pacific Corp.’s Oriented Strand Board mill were taken to a Mobile hospital for treatment. …
Tennessee drivers who ignore flood warning signs or barricades could be charged with reckless driving under a bill headed to the governor for his consideration. The House voted unanimously on May 6 to approve the measure sponsored by Rep. Curt …
A circuit judge has approved settlements totaling $2.4 million of three malpractice lawsuits that accused a former West Virginia doctor of harming patients. Lawyers for Putnam General Hospital and the hospital’s former owner, Nashville, Tenn.-based Hospital Corporation of America Inc., …
California-based NAS Insurance Services and Kentucky Hospital Insurance Company have entered into a new reinsurance arrangement for network security insurance. The agreement provides for KHIC to cover the insured hospital’s liability for errors in electronic data management. The insurance also …
The National Weather Service said four weak tornadoes were spawned by a storm system that moved through Tennessee’s Montgomery County in the early morning hours of May 4. One struck Clarksville’s fairgrounds and three other hit in the Palmyra community, …
Tens of thousands of ill Florida smokers and families of those who died are lining up for a share of a $600 million fund created by major tobacco companies as part of a 14-year-old lawsuit against cigarette manufacturers. The Florida …
Think playing quarterback is tough? Try selling insurance. “I thought the NFL was a cutthroat business,” Chris Redman joked coming off the field after practice with the Atlanta Falcons. “Let me tell you, the insurance business is just as cutthroat.” …
U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $3.35 billion for first-quarter property losses resulting from nine catastrophes. The nine events identified as catastrophes by the Property Claim Services (PCS) unit of Insurance Services Office include …
