Insurance Industry News

By Kevin Drawbaugh WASHINGTON (Reuters) - The U.S. Senate voted Tuesday to extend until 2013 a federal program that insures millions of homes against floods and to forgive $17 billion in debt the program

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Pinnacle settles with 2 insurers over storm damage - 3 Hours ago

Casino owner Pinnacle Entertainment Inc. has settled a lawsuit with two insurance companies over Hurricane Katrina damage. Allianz (nyse: AZ - news - people ) Global Risks U.S. Insurance Co. agreed to

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RBS insurance bidders to show cards in May: sources - 6 Hours ago

(Reuters) - Insurers and buyout firms mulling bids for Royal Bank of Scotland's (RBS.L: Quote, Profile, Research) insurance unit are set to reveal their cards later this month, said sources familiar with

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A.M. Best Upgrades Issuer Credit Rating of Meiji Yasuda Life Insurance Company - 3 Hours ago

A.M. Best Co. has upgraded the issuer credit rating (ICR) to 'a+' from 'a' and affirmed the financial strength rating (FSR) of A (Excellent) of Meiji Yasuda Life Insurance Company (Meiji Yasuda) (Japan).

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Brown proposes insurance plan for elderly care - 20 Hours ago

Gordon Brown proposed a new insurance-based system yesterday to fund care for the elderly, the cost of which is forecast to reach 24 billion in the next 20 years. The Prime Minister said he wanted to

Christina Preisig joins The PMA Insurance Group as Senior Vice President of Managed - 4 Hours ago

Christina Preisig has joined The PMA Insurance Group as Senior Vice President, Managed Care. Ms. Preisig is responsible for the successful execution of PMA's Managed Care Programs, including Preferred

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Fitch Affirms Allstate Corp. & Subsidiaries; Outlook Stable - 4 Hours ago

Fitch Ratings has affirmed the ratings of The Allstate Corporation (Allstate) and its property/casualty and life subsidiaries (see list below). The Rating Outlook is Stable. Allstate's ratings continue

Racicot: Senate Charts Sound Course for Renewing Federal Flood Insurance Program - 4 Hours ago

s Release Gov. Marc Racicot, president, American Insurance Association (AIA), today said the U.S. Senate chose the more thoughtful path to strengthening the National Flood Insurance Program (NFIP) by