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Today’s Insurance Headlines – Insurance Journal     
  Best Affirms Chubb Group and Subsidiaries 'A++' Ratings

A.M. Best Co. has affirmed the financial strength rating (FSR) of 'A++' (Superior) and issuer credit ratings (ICR) of "aa+" of the Chubb Group of Insurance Companies and its P/C members. Best also ...

Senate Passes Flood Insurance Extension; No House Vote Yet

The U.S. Senate has passed a measure to extend the federal flood insurance program until Dec. 31, 2010. The Senate-approved extension is a provision in a bill, American Workers, State, and ...

S&P Revises Hartford's Outlook to Negative; Debt/Hybrids Assigned Ratings

Standard & Poor's Ratings Services has assigned its 'BBB' issue rating to Hartford Financial Services Group Inc.'s (HIG) proposed $1.1 billion senior debt offering. S&P assigned a 'BB' ...

Ratings Roundup: Middle East, China Taiping, LAWPRO

Standard & Poor's Ratings Services has lowered its long-term counterparty credit and insurer financial strength ratings on Jordan-based Middle East Insurance Company (MEICO) to 'BBB-' from ...

TimeWise: The Magic Time-Saving Box

A slender boy of 14 moves slowly across the room. His full head of long red hair bounces as he walks. His mind is racing. He sits at the oak table near the window of the vast room. On the table is ...

Insurer Group Wants South Dakota Governor to Veto Subrogation Bill

The Property Casualty Insurers Association of America (PCI) has requested that South Dakota Governor Mike Rounds veto Senate Bill 169, which PCI says will increase litigation costs and cause ...

More Than One-Third of U.S. Facing High Risk of Flooding

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 ...

Couple Sues Toyota on Behalf of Wash. Customers

A Seattle couple has sued Toyota, seeking to have the company take back the vehicle they just bought or reimburse them for lost value. Dana and Douglas Eller filed the lawsuit Monday in federal ...

Mississippi Ends Special Subsidy for Coastal Wind Pool

Mississippi Gov. Haley Barbour has vetoed a bill that would have continued a program that designated part of the state's insurance premium tax to fund the state's property insurer of last ...

Texas High Court Upholds 10-Year Filing Period in Med-Mal Lawsuits

In a move Texas Attorney General Greg Abbott says validates Texas' medical malpractice laws, the Texas Supreme Court has upheld the state's 10-year limitation, or statute of repose, on filing ...

The Hartford To Repay TARP Money

The Hartford said it would conduct a public offering of equity and debt securities as part of a plan to repay the $3.4 billion it took from the federal government as part of the Treasury's Capital ...

Mississippians Told to Expect April Floods

The Mississippi River is starting its spring climb with forecasters predicting a rise of more than a foot a day beginning at midweek. The result could be another year of flooding in the Vicksburg ...

Ohio House Review of Worker's Comp Council Firings Begins March 24

A state House of Representatives committee will review a council created to protect Ohio's insurance fund for injured workers in the wake of the firing of the council's three-member staff. House ...

Marsh McLennan Agency Acquires Virginia's Rutherfoord Agency

In a move that accelerates its national growth, Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., has acquired Thomas Rutherfoord, Inc., the country's 14th ...

Criminal Negligence Charges Weighed in Deadly 2007 South Carolina Fire

The father of a firefighter who died in a 2007 furniture store blaze that killed nine firefighters says families will meet with state fire investigators next week to discuss whether criminal ...

 
 
 
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