Latest News in Home Insurance – Aug 16, 2010
Report China Consortium Planning to Bid for 30% of AIA
A consortium of leading Chinese companies including Industrial and Commercial Bank of China Ltd, China Life Insurance Co Ltd, plans to bid for a 30 percent stake in American Insurance Group Ltd's …
UN Chief Appeals for Aid in Flood Ravaged Pakistan; U.S. Sends Help
U.N. Secretary-General Ban Ki-moon urged the world to provide more aid to flood-ravaged Pakistan on Sunday as the 20 million people made homeless grew increasingly desperate and new torrents …
ACE Limited announced from its headquarters in Zurich that John Keogh, currently the Insurance Chairman of the group's Overseas General division, has been named to the additional position of Vice …
Marsh UK Consolidates Manchester Operations with Mercer
Marsh & McLennan's UK Marsh and Mercer divisions announced the consolidation of their Manchester operations into one location.
The companies also announced that they "have signed a 10-year …
Sacramento City Council To Weigh In on ‘Crash Tax’
The Sacramento City Council is scheduled on August 17 to decide whether to impose a a tax on out-of-town motorists who are involved in auto accidents within the city limits. The fee would be …
Topa Insurance Receives A- Credit Rating
A.M. Best has affirmed Los Angeles-based Topa Insurance Co.'s credit rating of A- (Excellent) with a stable outlook.
According to the rating agency, the stable rating is based on the consolidated …
Hallmark Insurance Group’s Rating Remains A-
Following the announcement of Hallmark Insurance Co.'s proposed acquisition of State Auto National Insurance Co., A.M. Best Co. has commented that the financial strength rating of A- (Excellent) …
Colorado Medical Malpractice Insurer Fined $48,400
Colorado's Department of Regulatory Agencies Division of Insurance has fined Denver-based COPIC, one of the state's largest medical professional liability insurers, following a market conduct …
Des Moines Wants to Buy Flood-Prone Properties
Officials in Des Moines are looking for money to buy more properties in a flood-prone area of the city.
City Manager Rick Clark says that flooding in the Four Mile Creek area is "uncontrolled'' …
North Dakota Flood Project in Hands of Landowners
Landowners are voting on a proposed $2.7 million flood control project to divert pooling sheet water away from the northeast North Dakota city of Michigan.
Officials say the Michigan Spillway …
Ohio Highway Patrol: ID Theft Increase ‘Alarming’
Ohio Highway Patrol troopers say they're seeing an "alarming'' increase in cases of identity theft.
The patrol says it has investigated 248 cases so far this year, compared to 114 by this time in …
Connecticut Shooting Survivors, Families Told of Compensation
The head of Connecticut's workers' compensation program says the largest payouts in 12 years may eventually be made to survivors and family members of employees killed last week at a Manchester …
Report: Improve Benefits for Injured North Dakota Workers
An unusual North Dakota workers' compensation law provides reduced benefits when a job injury worsens a medical problem the employee already has, and a consultant told state lawmakers on Friday …
Travelers Introduces Liability Package for Medical Technology
The evolution of software and electronics for medical devices and the transferring of electronic personal identity records is creating a new combination of risks in the medical technology …
General Star Launches Occurrence Coverage for Ambulance Program
General Star has launched professional liability coverage for air and ground ambulances on an occurrence basis. This new option is an alternative to the claims-made professional coverage currently …
