Maine recorded four crashes involving trains and motor vehicles in 2007, Maine Operation Lifesaver said. It was the fewest since the nonprofit railroad safety organization started keeping records 20 years ago. The four crashes, one of them fatal, occurred at …
Workplace-safety regulators have cleared a construction company in a dynamite mishap that shattered windows, sent people running for cover and flung chunks of granite as far as a half-mile into a Westchester County, N.Y. neighborhood. Federal Occupational Safety and Health …
Worcester, Mass.-based The Hanover Insurance Group, Inc. has agreed to acquire Verlan Holdings, Inc., a Silver Spring, Maryland-based holding company that provides insurance to manufacturers and distributors of chemical-related products. Terms of the deal were not disclosed. Verlan’s primary business, …
Risk Management Solutions gave details of the recent analysis it conducted for a securitization of windstorm risk in France. The securities were issued through Green Valley Ltd., a special purpose vehicle (SPV), and provide €200 million ($298 million) of collateralized …
Fitch Ratings will hold a will hold a teleconference to discuss the outlook for the Insurance brokerage industry, on Tuesday, Jan. 15. Fitch said it would specifically discuss the “prospects for publicly traded brokers Marsh & McLennan (MMC), Willis (WSH) …
Miller Insurance Services Limited, an independent specialist insurance and reinsurance broker operating in the international markets and at Lloyd’s, announced that Richard Court has joined the Company, and will “lead its new facultative reinsurance team, with Robert Doust.” Both men …
Coface [Compagnie française d’assurance pour le commerce extérieur], a major guarantor of trade credit, announced that it has reached a cooperation agreement with the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), to expand export risk coverage …
Risk Management Solutions (RMS) has released a 10-year retrospective report on the 1998 Ice Storm that devastated the Canadian provinces of Ontario and Quebec, as well as portions of the northeastern U.S., in January 1998. RMS notes that “despite the …
Mississippi’s new Insurance Commissioner Mike Chaney says he is working with lawmakers and state wind pool officials to lower rates that increased 90 percent for homeowners and 162 percent for businesses after Hurricane Katrina. The wind pool is the insurer …
The owners of a Charleston furniture store that burned down and killed nine firefighters agreed to pay $13,110 in fines but they admitted no wrongdoing, state regulators announced last week. The Sofa Super Store was initially fined $32,775 for three …
