Standard & Poor’s Ratings Services has assigned its ‘BB-‘ long-term counterparty credit and insurer financial strength ratings and its ‘ruAA-‘ Russian national scale rating to Russian reinsurer Unity Re with a stable outlook. “The ratings are based on the company’s …
A.M. Best Co. has downgraded the financial strength rating (FSR) to ‘B-‘ (Fair) from ‘B+’ (Good) and issuer credit rating (ICR) to ‘bb-” from ‘bbb-” of Oklahoma City-based American Farmers & Ranchers Group and its members American Farmers & Ranchers …
Golf carts are becoming a more common sight on Indiana’s streets and roads, but state police say they fail to meet the safety and equipment standards for motor vehicles to be driven on public streets. Several communities across the state …
The Ohio National Guard is sending 1,500 troops to Louisiana to help with the cleanup following Hurricane Gustav. The Ohio group joins Missouri in providing guardsman the hurricane ravaged area. Guard spokesman James Sims says the deployment could begin this …
Millions fled the Gulf Coast in fear of Hurricane Gustav, billed as the apocalyptic “mother of all storms.” It didn’t deliver. Now, with three other storms lining up in the Atlantic, some fear people might not listen next time. New …
Both Standard & Poor’s and A.M. Best have given high ratings to Zurich’s latest debt issue. S&P said it has “assigned its ‘A+’ long-term senior unsecured debt rating to the proposed Swiss franc (CHF) 800 million [$720 million] dual-tranche fixed-rate …
Hilb Rogal & Hobbs Co. announced that, effective as of September 1, 2008, it has acquired all the stock of G.A. Pearson and Associates Insurance Brokers Inc. Terms of the transaction were not disclosed. With approximately $3.8 million in revenue …
A task force created to assess damage from this year’s flooding and make recommendations for recovery released a report on Tuesday, September 2, that called for expanded housing programs for flood victims and financial assistance for businesses wanting to rebuild. …
Alabama Gov. Bob Riley called up 130 Alabama Army National Guard soldiers to perform security missions at seven locations housing evacuees from Hurricane Gustav. Riley called the troops to relieve local, county and state law enforcement officers who have been …
Carroll County, Indiana has obtained a grant to install flood warning sirens along the Tippecanoe River, thanks to the help of an American Indian tribe that applied to the federal government for the grant. County Emergency Management Director Dave McDowell …
