A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Farmers Insurance Group and its members. Best also affirmed the debt ratings on the outstanding surplus notes of Farmers …
Major flooding has begun and is forecast to continue through spring in parts of the Midwest, according to the National Weather Service. The South and East are also more susceptible to flooding as an El Niño influenced winter has left …
Toyota Motor Corp. said Monday it had found no evidence to support the driver’s account of a widely publicized “runaway” Prius incident in California that overshadowed the company’s attempts to restart sales after a punishing series of recalls. U.S. safety …
A team of veteran polar explorers on Sunday began a 500-kilometer [312 mile] trek across the floating sea ice of the Arctic Ocean as part of the Catlin Arctic Survey 2010, an international scientific mission to learn how increased carbon …
Meteorologists are predicting an active 2010 hurricane season with above-normal threats on the U.S. coastline. Hurricane Forecaster Joe Bastardi, with the AccuWeather.com Hurricane Center, said Wednesday that he predicts seven landfalls. Five will be hurricanes and two or three of …
Hiscox has launched a Houses of Worship coverage, a new offering through its Special Protection Solution program. The product addresses risks faced by religious institutions within the United States and abroad with no country exclusions. The Houses of Worship Special …
A growing number of Americans, nearly half the country, think global warming worries are exaggerated and more people doubt that scientific warnings of severe environmental fallout will ever occur, according to a new Gallup poll. The new doubts come as …
London-based specialty insurer Hiscox, which launched a significantly expanded U.S. presence in 2006, saw gross profits reach record levels ($481 million) in 2009. In this exclusive interview with Insurance Journal, Hiscox Chief Underwriting Officer Rob Childs discusses the profitability for …
China told the United States on Wednesday to make stronger commitments on climate change and provide environmental expertise and financing to developing nations. China’s top climate change negotiator, Xie Zhenhua, acknowledged the current U.S. administration’s greater stress on greenhouse gas …
The top U.S. trade official expressed doubt Tuesday that negotiators could reach a deal this year in long-running world trade talks despite a goal set by President Barack Obama and other leaders. But in remarks at the National Press Club, …
