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Tuesday May 22, 2012
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- Tennessee Cracks Down on Roofing Contractor Fraud - Property/Casual (Yesterday) - Roofing contractors operating in Tennessee will have to provide residents whose homes are damaged due to tornadoes and other storms with more information about their company and about their rights to cancel contracts under a new law. Gov. Bill Haslam …...
- Senate Expected to Decide Fate of Flood Insurance Program This Week - Property/Casual (Yesterday) - This week the Senate should reveal whether it will tackle a five-year extension with reform of the federal flood insurance program or another short-term authorization, or both. The National Flood Insurance Program is currently set to expire in 10 days …...
- Season’s First Tropical Storm Forms Off Carolina Coast - Property/Casual (Yesterday) - Tropical Storm Alberto emerged off South Carolina’s coastline Sunday, the first storm of its kind to form in a hurricane season that doesn’t officially begin until June 1. The storm was not expected to approach landfall on the Carolinas’ coast, …...
- Best Affirms Flagstone Reassurance Suisse ‘A-’ Ratings; Outlook Negative - Property/Casual (Yesterday) - A.M. Best Co. has affirmed the financial strength rating of ‘A-’ (Excellent) and issuer credit ratings (ICR) of “a-” of Flagstone Reassurance Suisse S.A. and Flagstone Alliance Insurance and Reinsurance PLC, which is based on Cyprus, as well as the …...
- Best Affirms BP Captive Jupiter Insurance ‘A’ Ratings - Property/Casual (Yesterday) - A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Guernsey-based Jupiter Insurance Limited, both with stable outlooks. Jupiter is a captive of BP plc, an integrated …...
- Swiss Re Plays Leading Role in Private Sector Plan for African ‘Food Security’ - Property/Casual (Yesterday) - Swiss Re announced that CEO Michel Liès has signed a letter of intent to participate in a ”New Alliance for Food Security and Nutrition,” which will begin work following the G-8 summit at Camp David. Those private sector companies involved …...
- Best Opens Office in Dubai International Financial Center - Property/Casual (Yesterday) - A.M. Best Co. announced the formal opening of its new office in the Dubai International Finance Centre (DIFC) in Dubai, UAE. The office is located in Tower 2, Currency House, DIFC, and “will operate as A.M. Best MENA, South & …...
- Magnitude 6.0 Earthquake Strikes Italy’s Emilia Romagna Region: AIR Analysis - Property/Casual (Yesterday) - AIR Worldwide has released its preliminary analysis of the earthquake which struck the Emilia-Romagna region of northern Italy in the early hours on Sunday, May 20. The US Geological Survey issued a “moment magnitude estimate of 6.0 for the event. …...
- Insurance Australia Group to Review UK Business - Property/Casual (Yesterday) - Insurance Australia Group’s Managing Director and CEO Mike Wilkins has indicated that it is an “appropriate time to assess the options for the UK business, given the improvement in its performance and the current UK economic conditions.” IAG reported that during …...
- UK’s ABI Warns Metal Theft Crime Wave Costs Insurers over $1.6 Million a Week - Property/Casual (Yesterday) - “The victims of the UK’s metal theft crime wave are now being paid out over £1 million [$1.58 million] every week by insurers,” according to the Association of British Insurers. Thieves are making off with everything from “train cables to …...
