Economic recovery in the United States is now very dependent on the state of mind of the American public and its business leaders, according to William R. Berkley, founder, chairman and CEO of W.R. Berkley Corporation. “No one in Washington …
Global regulators called on national authorities on Wednesday to curb the role of credit rating agencies in the financial system, challenging the value of an industry widely criticized in recent years. The Financial Stability Board (FSB) issued recommendations calling for …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Bermuda-based Dah Sing Insurance Company Limited (DSI), both with stable outlooks. Best said the affirmations reflect “DSI’s solid risk-adjusted capital position, …
Michigan-based Foremost Insurance Group is the newest member to join the Trusted Choice consumer branding program for independent insurance agents and brokers. Foremost is a provider for property and casualty insurance products in the United States. They join 57 other …
A massive storm making its way through a big chunk of the United States brought a bit of everything: strong winds, rain, tornadoes and now even some snow for parts of the Midwest. The storm packed wind gusts of up …
The U.S. is hoping China will help persuade its manufacturers of tainted drywall to cooperate in helping homeowners fix their homes, the chairman of the Consumer Products Safety Commission said. Inez Tenenbaum, in Shanghai for meetings with her Chinese and …
Insurer Ace has appointed Karen Griswold as senior vice president of its Commercial Marine unit. Griswold, based in Philadelphia, will manage all aspects of Ace’s Commercial Marine business in the United States. She is a 20-year veteran of the insurance …
Canadian insurer Sun Life Financial Inc. said Wednesday it would sell its reinsurance business to Warren Buffett’s Berkshire Hathaway after months of looking for a buyer for the profitable unit. Sun Life did not disclose sale terms for the business, …
Louisiana’s seasonally adjusted civilian labor force in September increased 42,705 over the year and 10,462 from August, according to the Louisiana Workforce Commission (LWC). The federal Bureau of Labor Statistics (BLS) surveys a sample of households to estimate the civilian …
