Troubled bond insurers shouldn’t expect any financial backing from Warren Buffett’s holding company. Buffett told Fox Business News that Berkshire Hathaway Inc. won’t invest in Ambac Financial Group or MBIA Inc. “We could have some kind of insurance transaction with …
Uncertain economic times prompt many small business owners to look for ways to cut costs. There are obvious ones, like buying energy-efficient light bulbs and forgoing national brands for the store’s own label when buying office supplies. But many owners …
New Hampshire police are getting a new tool in their fight to keep drunken drivers off the roads. The mobile-home-sized, rolling command post — complete with blood-testing machines, holding cells and room for bail bondsmen and fingerprinting equipment –should start …
The public may yet learn what thousands of pilots told NASA about air safety. Congress moved this week to analyze data from a project that the space agency cast aside and then withheld results in fear they could alarm the …
Turmoil in the bond insurance industry does pose a risk to banks and the broader markets, but the risk to the nation’s largest banks may only be modest, according to letters from federal and state financial regulators to a U.S. …
A group of banks are in early talks about forming a consortium to raise capital for bond insurer Financial Guaranty Insurance Co., the Wall Street Journal reported Tuesday, citing unnamed persons familiar with the situation. The effort is led by …
LeadsClearance.com is receiving great praise from agents due to an easy process for previewing and purchasing leads. North Hollywood, CA – February 8, 2008 — LeadsClearance.com offers insurance agents the ability to easily preview and purchase leads. Through the use …
Travelers mobilized its catastrophe response unit Wednesday including sending four mobile claim headquarters to tornado-affected areas in Arkansas, Mississippi and Tennessee. The mobile units will be strategically positioned to best serve customers needing urgent service and additional resources will help …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating of “a” of Seven Seas Insurance Company, Inc., based in Riviera Beach, Fla., with a stable outlook. “The ratings reflect Seven Seas outstanding …
The A.M. Best Co. has assigned a financial strength rating of A (Excellent) and an issuer credit rating of “a” to San Francisco-based CompWest Insurance Co. The outlook assigned to these ratings is stable. Established in September 2004, CompWest Insurance …
