| 1. | S&P Takes Action on Insurance Groups Following U.S. Sovereign Downgrade
Aug 8, 2011 -- Standard & Poor's Ratings Services lowered its long-term sovereign credit rating on the United States of America to 'AA+' and assigned a negative outlook on Aug. 5, and as a result the rating agency also took action on 10 U.S.-based insurance ... |
| 2. | Agents Say Insurers Out of Touch with Needs of Small Businesses
Aug 11, 2011 -- Insurance agents and brokers think that their insurance carriers may be out of touch with what the small business segment needs. For one, carriers have been busy coming out with new products and coverage enhancements for small businesses, but agents ... |
| 3. | Diabetes Drug Maker Facing Hundreds of Lawsuits
Aug 9, 2011 -- The maker of the world's best-selling diabetes drug is facing hundreds of lawsuits and likely a big sales drop as suspicion grows that taking the pill for more than a year raises the risk of bladder cancer. In June, Takeda Pharmaceuticals Co. Ltd. ... |
| 4. | Top 10 Most Stolen Vehicles in U.S.
Aug 3, 2011 -- Two Honda models top the list of U.S. thieves' favorite vehicles. The National Insurance Crime Bureau examined vehicle theft data submitted by law enforcement to the National Crime Information Center (NCIC) and determined the vehicle make, model, ... |
| 5. | Dad of Girl Electrocuted on Monsanto-Farm in Ill. Files Suit
Aug 8, 2011 -- The father of a northwestern Illinois girl who was electrocuted while removing tassels from corn filed a wrongful death lawsuit against the company that hired his daughter. Brian Kendall's lawsuit against St. Louis-based Monsanto Corp. says his ... |
| 6. | Are Bounce Houses Too Difficult a Risk?
Aug 10, 2011 -- In the last two months alone the media has reported at least 10 bounce house or inflatable amusement rides nationwide that were toppled by wind or collapsed under weight of too many kids. The U.S. Consumer Products Safety Commission continues to ... |
| 7. | AIG Sues BofA for $10 Billion, Alleges ‘Massive Mortgage Fraud’
Aug 8, 2011 -- Insurer American International Group (AIG) is suing Bank of America Corp. to recover more than $10 billion of losses from a "massive fraud'' on mortgage debt, deepening the morass of litigation faced by the largest U.S. bank. AIG is still largely ... |
| 8. | Why Wall Street Likes Reinsurance Business
Aug 9, 2011 -- Warren Buffett's entry into the bidding for Transatlantic Holdings is drawing fresh attention to the reinsurance industry, which specializes in writing insurance for insurers in a way that frees up those companies to take on more risk. With cheap ... |
| 9. | West Virginia Jury Awards $91.5 Million in Nursing Home Death
Aug 9, 2011 -- A jury in Kanawha County, West Virginia has awarded $91.5 million in damages to the family of an 87-year-old woman who died after her stay at a Charleston nursing home. The jury ruled that Heartland of Charleston failed to feed and care for ... |
| 10. | Insurance Captives’ Profitability Soars; Dividends Way Up: A.M. Best
Aug 8, 2011 -- Profitability soared by 49 percent and policyholder dividends were up 73 percent for captive insurance entities followed by rating analysts at A.M. Best in 2010. According to an A.M. Best special report, captives' underwriting income increased as ... |
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