News

The Supreme Court ruled yesterday that federal law does not prevent people injured as a result of inadequate warnings on drug labels from suing the drug makers in state court, even if labels were

WASHINGTON--A Mississippi congressman on Tuesday reintroduced legislation that would add wind coverage to the National Flood Insurance Program--something the industry said is already widely available

S&P lowered the financial strength rating on the property-casualty and life companies from "A-plus" to "A." It also lowered the counterparty credit rating on Hartford Financial Services Group to

Convicted former Gen Re executive Christopher P. Garand was sentenced to serve a year and a day in prison on his conviction of being involved in a scheme to manipulate American International Group's

The Oldwick, N.J.-based rating service said the personal lines market rating action maintains its previous outlook, noting that rating actions are not expected "to move profoundly in one direction."

The legislation, HB 1157 and SB 2384, introduced by Senator Mike Fasano, R-New Port Richey; and Reps. Ellyn Setnor Bogdanoff, R-Fort Lauderdale; John Wood, R-Winter Haven; and Priscilla Taylor,