Intellectual Property Insurance Services Corp. (IPISC) now has policy limits available up to $5 million per claim and in the aggregate. This is an increase from available limits of $3 million. With new limits of $5 million, IPISC is now …
Virginia police stopped more than 3,500 drivers for traffic violations during a statewide crackdown along Interstate 64 last Friday and Saturday. Virginia State Police’s “Operation Air, Land & Speed” safety initiative targeted more than 200 miles of the state artery. …
Federal railroad officials said this week that an investigation found more than 3,500 problems with CSX Corp. railroad properties in 23 states, a probe started in response to a series of accidents involving the company’s trains. The Federal Railroad Administration’s …
A research firm that has studied tire failures on Ford Motor Co. sport utility vehicles is suing the nation’s transportation agency for access to roadway death and injury data. Quality Control Systems Corp. said the National Highway Traffic Safety Administration …
Tennessee House Judiciary Chairman Rob Briley on Tuesday said a compromise over medical malpractice lawsuits will not be passed because Senate Republican Leader Mark Norris reneged on part of the agreement. Briley, D-Nashville, said Norris’ presentation to the Senate Judiciary …
A.M. Best Co. has affirmed the financial strength rating (FSR) of “A-” (Excellent) and the issuer credit rating (ICR) of “a-” of Bermuda’s CastlePoint Reinsurance Company Limited (CPRe). Best also assigned an FSR of “A-” (Excellent) and an ICR of …
Even before it announced record profits (see related article) Lloyd’s received good news from Fitch Ratings, who announced that it has upgraded Lloyd’s Insurer Financial Strength (IFS) rating by one notch to “A+,” and the Society of Lloyd’s Issuer Default …
A.M. Best Co. has affirmed the financial strength rating of “A-” (Excellent) and the issuer credit rating (ICR) of “a-” of Through Transport Mutual Insurance Association Limited (TT Bermuda) and its wholly owned subsidiary, the UK-based Through Transport Mutual Insurance …
In separate bulletins A.M. Best announced that it has downgraded the financial strength rating of The Steamship Mutual Underwriting Association (Bermuda) Limited (the Club) and its UK operation Steamship London to “B++” (Good) from “A-” (Excellent) and the issuer credit …
What a difference a year makes. Lloyd’s has just announced pretax profits for 2006 of £3.662 billion ($7.2 billion) compared to the £103 million ($202 million) loss figure posted in 2005. Lloyd’s also posted a favorable combined ratio of 83.1 …
