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Microinsurer BIMA Aims to Close Developing Nations’ Protection Gap with Life & Health Cover
The insurance protection gap in developing nations is being filled by a growing group of microinsurers, which provide coverage that ranges from life and health insurance, to crop insurance, to property protection after natural disasters. It is all aimed to …

POSTED JANUARY 19, 2018 8:40 AM
A.M. Best Assigns Credit Ratings to Texas’ Pan-American Casualty
A.M. Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a” to Pan-American Casualty Co. (PACC) in Richardson, Texas, a wholly owned indirect subsidiary of Pan-American Casualty Co. (PACC) The ratings have …

POSTED JANUARY 19, 2018 6:59 AM
Rating of Michigan’s Wolverine Mutual Insurance Upgraded
A.M. Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” from “bbb” and affirmed the Financial Strength Rating (FSR) of B++ (Good) of Wolverine Mutual Insurance Co. (Wolverine), in Dowagiac, Michigan. The outlook of the Long-Term ICR …

POSTED JANUARY 19, 2018 6:52 AM
Bankruptcy Judge Rules GM’s $1 Billion Stock Settlement Over Ignition Invalid
A federal bankruptcy judge on Thursday said a settlement agreement that would require General Motors Co. to pay $1 billion in stock to car owners suing the company over faulty ignition switches was not enforceable. Judge Martin Glenn of the …

POSTED JANUARY 19, 2018 6:00 AM
Insurance Chief Jain’s Berkshire Hathaway Shares Top $100 Million
One of Warren Buffett’s top deputies has amassed a stake in Berkshire Hathaway Inc. valued at more than $100 million. Ajit Jain, the insurance executive who was named a vice chairman of Buffett’s conglomerate earlier this month, disclosed the holdings …

POSTED JANUARY 19, 2018 6:00 AM
Image System Promises to Identify Unsafe Traffic Intersections Before Accidents Happen
Could a traffic agency identify a potentially dangerous road intersection without first witnessing a collision? Three Kennesaw State University researchers and the Georgia Department of Transportation (GDOT) are attempting to answer that question as they near completion on a two-year …

POSTED JANUARY 19, 2018 6:00 AM
Kentucky Highway Deaths Decreased in 2017
Kentucky has recorded a decrease in highway fatalities for the first time since 2013. The Lexington Herald-Leader reports that the Kentucky Office of Highway Safety says initial numbers show 770 highway-related deaths in 2017, dropping from 834 in 2016. Office …

POSTED JANUARY 19, 2018 5:56 AM
California Earthquake Authority Chief Talks About 1 Million Policies
Glenn Pomeroy, CEO of the California Earthquake Authority, is as enthusiastic of an earthquake policy salesman as you’ll find anywhere. Pomeroy has headed the state’s privately funded, publicly managed seller of earthquake policies for the past 10 years. Since Pomeroy, …

POSTED JANUARY 18, 2018 11:32 PM
Lockton Adds Ring as Vice President in Northern California
Lockton has added David Ring in its Sacramento, Calif. office as a vice president. Ring will be responsible for client consulting and business development for employee benefits and commercial insurance. Ring has specialized in advising clients in the banking, financial …

POSTED JANUARY 18, 2018 8:44 PM
Insurers Increasing Payments to California Wildfire Victims Sans Itemization
California Insurance Commissioner Dave Jones on Thursday released the results of the formal notice he issued last month to all residential property insurers requesting they provide up to 100 percent of contents coverage limits for fire survivors who experienced a …

POSTED JANUARY 18, 2018 6:24 PM

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