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Red River Valley Flood Risk Keeps Receding
The risk of significant flooding in the Red River Valley is down from recent years and even lower than last month’s forecast due to the lack of snow, forecasters said on Jan. 26 ? bolstering hopes the region may be …
Federal Government Rejects Texas Insurance Waiver
The federal government has rejected a request by Texas to be excluded from a new law that limits how much health insurance companies can spend on overhead. The law is part of the Affordable Care Act, changes made in federal …
Boron to Lead Illinois Department of Insurance
Illinois Gov. Pat Quinn has named a new top state insurance regulator. Andrew Boron has been appointed director of the Illinois Department of Insurance (DOI), the governor’s office announced. The department has been under the direction of three separate acting …
Oklahoma Lawmakers File State Insurance Opt-Out Bill
Two Oklahoma lawmakers have filed legislation to increase the number of state employees who could opt out of state insurance coverage. The measure expands a 2011 law that allowed state employees and lawmakers to refuse state-funded coverage if they are …
California Insurance Commissioner, Insurers Settle on Iran Investments
California Insurance Commissioner Dave Jones and a group of insurers have settled litigation over insurer investments in companies doing business in Iran, it was announced on Friday. The terms of the settlement permit the Jones to “maintain a public list …
Best Revises Chartis, Lexington & Members Outlooks to Stable; Affirms Ratings
In connection with its revision of its outlook on AIG, A.M. Best Co. has affirmed the financial strength ratings of ‘A’ (Excellent) and issuer credit ratings (ICR) of ?a? of Chartis US Insurance Group and its members and the Lexington …
Best Revises AIG and Subs Outlook to Stable; Affirms Ratings
A.M. Best Co. has revised the outlook to stable from negative and affirmed the issuer credit rating (ICR) of ?bbb? of American International Group. It has also revised the outlook to stable from negative and affirmed the financial strength ratings …
Swiss Re?s Chief Economist Sees Fed Actions Calming Debt Crisis
Swiss Re’s Chief Economist, Kurt Karl, has predicted that the decision by the Federal Reserve to maintain the target fed funds rate at zero to 25 basis points would help calm some of the turmoil in the global financial markets. …
Arctic Ice Melt Lifts Hopes for Russian Maritime Trade
When severe snowstorms prevented life-sustaining fuel supplies from reaching the frozen Alaskan town of Nome, U.S. officials turned to a Russian company for help. The relief mission through perilous, ice-choked seas was the first mid-winter fuel delivery to western Alaska, …

Insurance Journal � News Mon, 30 Jan 2012 11:00:19 +0000