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Santa Ana winds with gusts that reached hurricane force in some areas of California packed a wallop the week of Nov. 28, resulting in thousands of ho
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A.M. Best Co. has placed the financial strength rating of A- (Excellent) and issuer credit rating of “a-” of First Sealord Surety, Inc. (FSSI) (Vill
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The first catastrophe bonds issued to cover severe thunderstorms alone have been triggered, resulting in total losses for investors and clouding the
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Total third-quarter 2011 U.S. sales of individual fixed annuities, including indexed, declined 7% from the same period a year ago and from the second
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Bob Devereux of State Farm said the freak Santa Ana windstorm has meant more than 2,000 homeowners claims thus far and will no doubt escalate in the
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A federal judge in Louisiana has determined that BP plc. is ineligible for coverage under policies purchased by Transocean Ltd. to help cover the cos
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Health insurer Cigna Corp. said it completed its acquisition of a U.K.-based travel insurer after regulatory approval from that countrys Financial Se
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Farmers Group Inc. said Jeff Dailey will take the helm of the company as chief executive officer, effective Jan. 1, 2012.
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