A ban on using so-called belt air ventilation is among numerous provisions in sweeping coal mine safety legislation introduced in the U.S. House this week. Other provisions would speed the installation of better underground communication systems and airtight refuge chambers …
A Burlington, Vermont roofing company is facing $18,000 in fines for a series of alleged safety violations after an employee fell to his death last December. A-One Roofing has been cited by the Vermont Occupational Safety and Health Administration with …
Facing three conflicting committee recommendations, Baldacci administration officials, health industry, business and consumer representatives met with lawmakers once on Tuesday and planned to meet again to discuss redirecting and refinancing the Dirigo Health program. A key question is how to …
A.M. Best Co. has upgraded the financial strength rating (FSR) to “A” (Excellent) from “B++” (Good) and assigned an issuer credit rating (ICR) of “a” to Wisconsin-based Sheboygan Falls Mutual Insurance Company. Best also removed the FSR from under review …
Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on Oslo-based marine insurer Assuranceforeningen SKULD (Gjensidig) (Skuld or the club) to “A-” from “BBB+” and assigned the ratings a stable outlook. “The upgrade …
Arthur J. Gallagher (UK) Limited in conjunction with MAP, a specialist insurer at Lloyd’s, has launched an insurance facility for terrorism liability. The new product aims to provide coverage for tourist and study programs in Israel and neighboring countries. Gallagher …
World Access, one of the US largest travel insurance and assistance providers, a subsidiary of Mondial Assistance, has acquired Jefferson Insurance Company from Allianz Global Risks US. All of the companies are members of Germany’s Allianz Group. Jefferson is currently …
Newman Martin and Buchan Limited, an independent Lloyd’s insurance and reinsurance broker, has launched a capital markets division to complement its reinsurance advisory and placement services. Mark Burbidge and Paul Dunster have joined the company to run the division, which …
The Met Office, the UK’s official weather forecasting center, (http://www.metoffice.gov.uk.) has forecast 10 tropical storms in the North Atlantic during the July to November period, with a 70 percent chance of there being between 7 to 13. The forecast “represents …
Bermuda’s Montpelier Re Holdings Ltd. announced that it has received approval from Lloyd’s for the commencement of trading on July 1, 2007 of a new Syndicate, to be known as Montpelier Syndicate 5151, pseudonym “MRE”. “The Syndicate will underwrite a …
