Nearly a year after President Bush signed the Intelligence Reform and Terrorism Prevention Act, the trucking industry is seeking flexibility in the act’s regulatory implementation so that commercial drivers are not mandated to carry a passport, a trucking executive testified …
Numerous federal agencies have dispatched teams of special agents to investigate fraudulent claims from Hurricanes Katrina and Rita, according to the U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA). “Managing a multimillion-dollar disaster program always means walking a …
Evacuees from hurricanes Katrina and Rita living in Texas now have another way to help themselves move toward recovery through the Housing, Employment, Location, and Placement (HELP) Program, which is available from the U.S. Department of Homeland Security’s Federal Emergency …
EFI Global, a provider of forensic engineering, fire investigation, environmental, accident reconstruction and laboratory testing services, continues to deploy experts to the Hurricane ravaged areas of Southeast Texas, Louisiana, Mississippi, Alabama and Florida. EFI Global experts are reportedly seeing progress …
Bermuda-based PXRE Group Ltd. announced that it has filed a shelf registration statement with the Securities and Exchange Commission for the proposed offering of up to $700 million of its securities, including approximately $198 million of previously registered securities. “This …
A.M. Best Co. announced that it has assigned a financial strength rating of “B++” (Very Good) and an issuer credit rating of “bbb” to German insurer Württembergische und Badische Versicherungs-AG (WÜBA). The outlook for both ratings is stable. “The rating …
Integro Ltd. announced the acquisition of Humphreys, Haggas, Sutton & Co. Ltd. (HHS), a Lloyd’s broker founded in 1994 by its three principals, Toby Humphreys, Simon Haggas and John Sutton. “This acquisition enables Integro to establish its presence within the …
A.M. Best Co. announced that it has downgraded the financial strength rating to “B++” (Very Good) from of “A” (Excellent) and issuer credit rating to “bbb” from “a” on Bermuda’s Western General Insurance Ltd. Both ratings remain under review with …
Bermuda-based Endurance Specialty Holdings Ltd. announced its initial estimate of losses, net of reinsurance, reinstatement premiums, and tax benefits related to Hurricane Wilma to be approximately $115 million. Endurance said that gross losses related to Wilma, before reinsurance, reinstatement premiums, …
The PIA Western Alliance is hosting a summit on moisture management/mold control from 9 a.m. to 1 p.m. on Jan. 12, 2006, at the Doubletree Suites Southcenter in Seattle. The goal is to build awareness and policies within the insurance …
