Standard & Poor’s announced that has lowered its long-term counterparty credit and insurer financial strength ratings on Hannover Ruckversicherungs AG (Hannover Re), E+S Ruckversicherungs AG, International Insurance Co. of Hannover Ltd. (IICH), E+S Reinsurance (Ireland) Ltd., and Hannover Reinsurance (Ireland) …
Over 100 brush fires, fanned by high winds and temperatures exceeding 100°F, continue to ravage the suburbs of Sydney, Australia’s largest city, and Canberra, the country’s capital. 150 homes have been destroyed so far, and thousands of people have been …
Philadelphia-based PMA Capital Corporation announced that it has successfully completed a public offering of shares of Class A common stock, raising around $158 million in new capital. Standard & Poor’s also reaffirmed its single-‘A’ counterparty credit and financial strength ratings …
Pennsylvania Governor Mark Schweiker called on the General Assembly to adopt strong reforms to curb the skyrocketing costs of medical-malpractice insurance and to address the diminishing availability of insurance. He also sent an open letter to the State’s physicians “affirming …
‘Twas the night before Christmas and all over Europe a scrambling of F-16’s could be heard, as an unidentified flying object hurtled at astounding speeds through the night skies. First spotted over Russia and eventually localized above the English Channel, …
In what became one of the most significant, traumatic and challenging years in U.S. history, the insurance industry, along with the rest of the nation, has had to come to terms with the terrorist attacks perpetrated against our country on …
Remarkably few events are timed precisely enough to shift the focus of an entire nation. In the last century only three come immediately to mind—August 1914, October 1929 and December 1941. While change is the only true constant in life, …
How would California respond to a disaster, be it a major earthquake, fire or something the equivalent of Sept. 11? Addressing the state’s level of preparedness in the event of a major tragedy, representatives of the insurance industry testified Dec. …
The Organized Auto Fraud Interdiction Task Force, comprised of investigators from the CDI Criminal Investigations Branch’s Fraud Division, the California Highway Patrol, and the National Insurance Crime Bureau, announced the execution of nine arrest warrants and nine search warrants in …
Based upon his cooperation with CDI investigators, Francis Borgia Ashley Jr., 59, was allowed to surrender himself in Fresno County Superior Court in the presence of his attorney after an arrest warrant had been issued for him. Ashley, who was …
