Bermuda-based AXIS Capital Holdings Limited reported net income for the fourth quarter of 2008 of $131 million, or $0.88 per diluted common share, compared with net income of $306 million, or $1.89 per diluted common share, for the corresponding period …
A report from Risk Management Solutions states that the current rash of bushfires in Australia is “one of its worst outbreaks of wildfires ever, with whole towns almost completely destroyed and over one hundred people so far reported dead. The …
Standard & Poor’s Ratings Services has lowered its counterparty credit rating on Hartford Financial Services Group (HIG) to ‘A-‘ from ‘A’. S&P also placed its ratings on HIG and its operating subsidiaries (collectively referred to as Hartford) on CreditWatch with …
Assurance Agency, Ltd., based in Schaumburg, Illinois, has promoted Dan Klaras from executive vice president to president. Klaras takes over for Anthony Chimino, who previously held the titles of both president and CEO. Chimino will continue to serve as Assurance’s …
State Automobile Mutual Insurance Co. of Columbus, Ohio, has completed its purchase of Rockhill Insurance Group of Kansas City, Mo. Rockhill writes approximately $120 million in specialty property and casualty direct written premium through four insurance company subsidiaries: Rockhill Insurance …
A state board appointed to examine drunken driving laws in Kansas has concluded that the whole system needs a major overhaul. The Kansas Substance Abuse Policy Board says the state’s system for punishing drunken drivers is “so complex and so …
Drunken drivers in South Carolina will start facing different penalties depending on whether they’re tipsy or trashed. The new law that takes effect today ties tougher sentences to the amount of alcohol in drivers’ bodies. It also increases penalties for …
The number of Americans ensnared by identity theft is on the rise, but victims are striking back more quickly and limiting how much is stolen. In 2008, the number of identity theft cases jumped 22 percent to 9.9 million, according …
Australian police treated the country’s entire bushfire disaster zone as a crime scene on Tuesday as investigators combed through a blackened wasteland to find clues to the culprits behind the country’s deadliest fires. Arson investigators began their work even as …
Investigators have declared a 23rd arson in a part of southeastern Pennsylvania that has been plagued by suspicious fires this year. The latest blaze happened in a trailer home just outside Coatesville late Friday night. Investigators now say the blaze, …
