Lithium-ion battery packs shipped with some Gateway Inc. notebook computers pose a fire danger, leading to a voluntary recall by Gateway and the U.S. Consumer Product Safety Commission. The battery packs can overheat and pose a fire hazard, the commission …
Independent distributors have filed a lawsuit accusing USANA Health Sciences Inc. of fraud and deception, the latest public-relations blow for the marketer of vitamins and nutritional supplements. The lawsuit, which seeks class-action status, was filed in California state court on …
A preliminary assessment of storm damage to public structures in Montana’s Valley and Musselshell counties and on the Fort Peck Indian Reservation came to about $226,600, which is not enough to qualify for federal aid. The assessment was completed by …
California Insurance Commissioner Steve Poizner has dispatched Damage Assessment and Disaster Fraud Response teams to Lake Tahoe to assist consumers with the losses from the Agora fire burning at Lake Tahoe. Meanwhile, a state insurance association is saying state laws …
A.M. Best Co. has affirmed the financial strength rating (FSR) of “A-” (Excellent) and the issuer credit ratings (ICR) of “a-” of New Zealand’s Farmers’ Mutual Insurance Association (FMIA) and its core subsidiary, FMG Insurance Limited (FMGIL), collectively known as …
Standard & Poor’s Ratings Services and A.M. Best Co.both published their respective reactions to the The Hanover Insurance Group’s acquisition of Professionals Direct Insurance Company. S&P affirmed its “BB+” counterparty credit and senior unsecured debt ratings and its “B+” preferred …
Bermuda’s reign as the undisputed global leader among captive domiciles is being challenged by U.S. companies that are increasingly leaning toward onshore domiciles for their captive insurance companies. That is among the findings of Aon’s new Global 1500 (G1500) research …
Cary Schneider, senior vice president of the Insurance Information Institute, has been elected executive vice president by the organization’s board of directors. I.I.I. President Dr. Robert Hartwig said Schneider will assume new responsibilities for directing the internal operations of the …
Insurance broker Marsh Inc. has appointed David J. Liston as head of its New York office and Cindy Zemann as office head in Seattle. Liston had been office head for Marsh in Seattle and leader of the firm’s Washington operations. …
The Philadelphia Chapter of Chartered Property Casualty Underwriters (CPCU) announced the installation of its 2007-2008 officers: President: Rina Williams President-Elect: Dawn Upperman Vice President: Margo Subokow Treasurer: Larry White Secretary: Cindy Wolkiewicz Director: Kelly Goldfien Director: Donna Popow Director: Jim …
