Roll back the clock to 1961: John F. Kennedy was inaugurated president. The Peace Corps was founded. The Dow Jones industrials hit 734. Gasoline reached 31 cents a gallon. And the number of people killed in U.S. traffic accidents that …
A.M. Best Co. has commented that” the ratings of Flagstone Reassurance Suisse SA (Flagstone Reassurance) (Martigny, Switzerland), Flagstone Reinsurance Limited (Flagstone Re) (Hamilton, Bermuda) and Flagstone Reinsurance Holdings Limited (Flagstone Holdings) (Hamilton, Bermuda) are unchanged following the recently announced organizational …
A.M. Best Co. has removed from under review with negative implications and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of XL Capital Group and its members Best also removed from under …
The Zurich Financial Services Group announced that TEB Sigorta A.S. is now operating under the global Zurich brand and the registered name Zurich Sigorta A.S. Zurich acquired a 100 percent interest in the Turkish insurer last January (See IJ web …
According to a new report from Swiss Re,” new forms of private-public partnerships are required to anticipate and respond to the risks related to climate change.” The Group’s Chairman Peter Forstmoser presented the conclusions at the International Disaster and Risk …
Toronto-based Kingsway Financial Services Inc. announced that it has entered into a definitive agreement to sell York Fire & Casualty Insurance Company”) to La Capitale General Insurance Inc., a member company of the mutual company, La Capitale Financial Group Inc., …
Twelve people have now died out of 26 confirmed cases of food poisoning linked to deli meats produced at a plant owned by Maple Leaf Foods Inc., Canadian health officials said Monday. There are another 29 suspected cases of listeriosis, …
The National Hurricane Center in Miami posted an interim bulletin, noting that tropical storm Gustav has reached hurricane strength. The NHC has been tracking the storm for several days, as it slowly formed south of the coast of the Dominican …
North Dakota’s elected officials should not appear in taxpayer-financed public service announcements, says a state senator who plans to introduce legislation to ban the practice. State Sen. Tracy Potter, D-Bismarck, said his suggestion was prompted by Insurance Commissioner Adam Hamm’s …
Florida Insurance Commissioner Kevin McCarty said he will disapprove the July 16 rate filing submitted by State Farm Florida for a 47.1 percent homeowners insurance rate increase. McCarty’s Office of Insurance Regulation (OIR) said the insurer failed to prove that …
