Posts From the monthly archives: "November 2015"

The Federal Reserve Board on Monday approved a proposal to curb its emergency lending powers, a change demanded by Congress after the central bank’s controversial decision to aid AIG, Citigroup and others in 2008. The rule, unanimously approved by the … Read More Read more here:: Insurance Journal     &nbsp…(Read More)

By Jonathan Stempel General Motors Co. and its law firm need not turn over privileged documents to drivers hoping to show that the automaker intended to commit a crime or fraud by concealing defective ignition switches in their vehicles, a Manhattan federal judge … Read More Read more here:: Insurance Journal    &nbsp…(Read More)

Eight Lloyd’s syndicates are joining forces to develop new solutions to help developing economies tackle underinsurance and improve their resilience against the economic impact of natural catastrophes. Emerging economies across Latin America, Africa, and Asia currently contribute 40 percent to … Read More Read more here:: Insurance Journal     &nbsp…(Read More)

USI Insurance Services has named Robert Peirce employee benefits leader and producer for the Mountain region. Peirce is responsible for driving revenue growth as well as managing a book of prospects and clients for USI in Colorado, Wyoming, North Dakota … Read More Read more here:: Insurance Journal     &nbsp…(Read More)

The Virginia State Corporation Commission (SCC) announced Tuesday the approval of revisions to the premium levels charged for workers’ compensation insurance in Virginia. The revisions will result in an overall average increase of 3.4 percent for voluntary market loss costs … Read More Read more here:: Insurance Journal     &nbsp…(Read More)

A hotel in northeast Missouri’s Hannibal is temporarily closed after health officials found evidence of the respiratory-related Legionnaires’ disease there. The Hannibal Courier-Post reports the Best Western in the Mississippi River city closed last week after state and federal health … Read More Read more here:: Insurance Journal    &nbsp…(Read More)

A $4,000 reward is available for information leading to the arrest of the person or persons responsible for setting 86 suspected arsons that occurred between Aug. 30 and Oct. 21 of this year. The Louisiana Department of Agriculture and Forestry, … Read More Read more here:: Insurance Journal     &nbsp…(Read More)

A.M. Best has revised the outlook to stable from negative and affirmed the financial strength rating of B+ (Good) and the issuer credit rating of “bbb-” of Missouri Valley Mutual Insurance Co. (Missouri Valley) in Burke, S.D. The rating outlook reflects Missouri … Read More Read more here:: Insurance Journal   &nbsp…(Read More)