Standard & Poor’s Ratings Services announced that all of its ratings on Triad Guaranty Inc.(TGIC), currently ‘BB’, and its mortgage insurance subsidiary, Triad Guaranty Insurance Corp. (Triad), currently ‘BBB’, “will remain on CreditWatch with negative implications.” Credit analyst James Brender …
A judge has ordered a Los Angeles-based company to pay more than $10 million for selling the state lead-tainted lunch boxes. The company, T.A. Creations, sold 100,000 children’s lunch boxes to the California Department of Health for a giveaway promotion …
More than eight in 10 building plans vetted by architects and engineers — instead of city inspectors — violate zoning rules, New York City reviews of the plans found. The Buildings Department recently checked 869 of the “self-certified” plans and …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of the Hartford Insurance Pool and its P/C members. Best also affirmed the ICR of “a”, for the debt ratings …
Railway officials do not publicize the types of dangerous chemicals that pass every day through communities like Lafayette, La., citing safety concerns in the post-Sept. 11, 2001, world. But even first responders often don’t know what they’re facing when racing …
State Farm Insurance does not have to refund consumers some $650 million in alleged overcharges while its dispute with Texas regulators over homeowner rates is reviewed. A state appeals court has ruled the insurer was denied its due process rights …
New York-based reinsurance brokerage Holborn Corp has made several new key executive appointments. Adam Manus, who joined Holborn in 1993, has been named senior vice president. Weatherly Ramsdell and Tim Releford have been named assistant vice presidents. Ramsdell joined Holborn …
The alleged mastermind of a more than $1 million insurance fraud scheme in Philadelphia has been arrested, and investigators say they expect lawyers and doctors to also be charged. District Attorney Lynne Abraham says the ‘staged’ accidents were set up …
The Chubb Corp. reports that Thomas F. Motamed, vice chairman and chief operating officer, will retire from Chubb effective on June 6, 2008. Motamed has accepted the position of chairman and chief executive officer of CNA Financial Corp. and will …
In the first of what may be several lawsuits by former employees of North Dakota’s Workforce Safety and Insurance (WSI) agency, a former fraud investigator says several top WSI officials illegally schemed to fire him. Todd Flanagan’s lawsuit, filed in …
