Standard & Poor’s Ratings Services indicated that its financial strength and long-term counterparty credit ratings on Japan’s Aioi Insurance Co. Ltd. (‘A+’ – stable outlook) “would be unaffected by additional subprime-related losses or company forecasts of a net loss for …
Standard & Poor’s Ratings Services announced several rating actions on a number of monoline bond insurers “following additional stress tests with respect to their domestic nonprime mortgage exposure.” S&P listed its actiuons as follows: — The financial strength ratings on …
Australia’s QBE Insurance Group announced that operating profit after tax for the year ended 31 December 2007 was up 30 percent to a record A$1.925 billion ($US1.786 billion). Other key highlights for the year were listed as follows: — Gross …
The Ohio Supreme Court on Thursday, Feb. 21 upheld a state law that sets a deadline for people to sue manufacturers of defective products but said a General Motors worker can continue with his lawsuit because he was injured before …
The Texas Forest Service and local volunteer firefighters battled huge grassfires propelled by dry, windy conditions in Scurry County last week. A 3,000-acre fire near Snyder, a 2,000-acre blaze north of the city and a 10- to 15-acre fire near …
Another burn patient has died of injuries suffered in an explosion and fire at a Georgia sugar refinery, bringing the death toll to 11, officials said Sunday. Two weeks after the blast at the Imperial Sugar plant in Port Wentworth, …
Lansing, Mich.-based Accident Fund Insurance Company of America recently announced that General Agency Company of Mt. Pleasant, Mich., was given the 2007 Agency of the Year award. General Agency was presented with the award by Al Gileczek, Accident Fund’s vice …
Similar Ownerships Sold For Up To $16,000 When Purchased From The Developer!! Contractors Best Insurance Services, Inc. launches a contest for all appointed agents who write contractor business. With the launch of their website (http://www.ContractorsBestIns.com), Contractors Best Insurance Services, Inc. …
A federal court jury in Hartford, Connecticut has found four former General Re Corp. executives and one former American International Group executive guilty of corporate fraud and conspiracy charges stemming from allegations that the five helped cook AIG’s books in …
The Port Authority of New York and New Jersey can collect insurance only for damage inflicted on two buildings of the World Trade Center site destroyed on Sept. 11, 2001, rather than for the entire complex, a U.S. District Court …
