Only eight percent of lower wage workers injured on the job receive workers’ compensation benefits, according to a new report. Also, lower wage workers — those earning just over $8 per hour on average — are often not paid at …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of the Bermuda-based Catlin Insurance Company Ltd (CICL), Catlin Insurance Company (UK) Ltd., the U.S. company Catlin Insurance Company, Inc. (CICI) …
A.M. Best Co. has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Lloyd’s Syndicate 2003, which is managed by Catlin Underwriting Agency Limited (CUAL), a member of the Bermuda-based Catlin Group Limited (CGL), …
Insurance is an under-used way for the tourism industry to manage the risks of climate change, with existing offers ranging from a “perfect weather guarantee” by Barbados to ski resorts promising deep snow, experts say. “Insurance products…have a huge potential …
A.M. Best Co. has revised the outlook to positive from stable for the issuer credit ratings (ICR) of “aa-” and has affirmed the ICRs and financial strength rating (FSR) of ‘A+’ (Superior) of Houston Casualty Group (HCC) and its property/casualty …
A vast majority of Americans surveyed say they would support legislation restricting cell phone use while driving. Some 80 percent of those surveyed by Nationwide Insurance in its new One Your side survey say they would favor a ban on …
The Tennessee Supreme Court has ruled that the state does not recognize an exception to the economic loss doctrine that generally bars damages if a product defect causes only economic loss and not any personal or additional property damage. The …
The Golden Eagle Insurance Co. will pay $400,000 to cover environmental investigation costs that the insolvent BKK Corp. was required to perform at its closed hazardous waste landfill in West Covina, Calif., the U.S. Environmental Protection Agency and the U.S. …
Wearing flip-flops, khaki shorts and a green polo shirt, the new chief executive of bailed-out insurer American International Group Inc. says he’s getting a lot of work done from his massive villa overlooking the Adriatic. “People criticize me for being …
The current state of the financial services industries and the role of the federal government in regulating these industries, including the insurance sector, continues to be a matter of debate in Congress. To help assess the current status of insurance …
