Arkansas Insurance Commissioner Julie Benafield Bowman testified before the United States Senate Committee on Commerce, Science and Transportation on April 11 on the overall state of the property/casualty insurance market and its regulatory landscape. Speaking in support of state-based insurance …
In the two days of the 4th International Bird Flu Summit in Washington, D.C. last week, public health officials, business leaders, policy makers, and scientists addressed the fight against bird flu. By the close of the summit on March 14, …
Standard & Poor’s Ratings Services has revised its outlook to positive from stable on Tunisia-based reinsurer B.E.S.T. Reinsurance Co. (Best Re). S&P also affirmed the Company’s ‘BBB’ long-term counterparty credit and insurer financial strength ratings. “The outlook revision reflects Best …
As the Republican Neo-Con Light Brigade charged into the Democratic Valley of Death on Tuesday Nov. 7th, echoes of another far off war could be heard. It will be 88 years on Saturday that the guns finally fell silent, bringing …
France’s AXA Group reported gains in all sectors for the first nine months of 2006, with life and savings entities leading the way. New business volume in the sector rose 14 percent to €4.473 billion ($5.72 billion). France increased 17 …
A.M. Best Co. has affirmed the financial strength rating of “B+” (Very Good) and the issuer credit rating (ICR) of “bbb-” for Turkish reinsurer Milli Reasurans Turk Anonim Sirketi (Milli Re). Best also revised its outlook on both ratings to …
A storm Saturday pummeled the Pueblo, Colo., area with hail, torrential rain and wind gusts up to 69 mph, and at least two people were sent to hospitals with injuries caused by the storm. One person at the Colorado State …
The Boston-based Liberty Mutual Group plans to enter the Turkish market with the purchase of a majority stake in Seker Sigorta A.S. Liberty Mutual signed an agreement on June 16 with Sert Holding A.S. for the acquisition of a majority …
[AP] A huge fire that turned the giant cargo terminal of Istanbul’s main airport into a wreckage of twisted metal and charred walls may have caused tens of millions of dollars (euros) in damage, according to newspaper reports Thursday. Shooting …
Pilgrim’s Pride Corp. has settled four wrongful-death or injury lawsuits involving the deadly 2002 listeria outbreak that was linked to one of its plants, the meat company announced. The second food company tied to the outbreak, J.L. Foods, is set …
