Monthly Archives: <span>March 2010</span>

Marsh Names Sammeroff to lead UK Real Estate Development Team

Marsh has appointed Candice Sammeroff to lead the firm’s business development in the commercial property and real estate sector in the UK. She has 10 years’ experience in the legal sector, and joins Marsh from MacRoberts Solicitors [law firm] in …

Best Affirms American Modern Insurance Group Ratings

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of American Modern Insurance Group of Amelia, Ohio and its property/casualty members. The outlook for all ratings is stable. Best …

Poll Finds More Americans Say Global Warming Exaggerated

A growing number of Americans, nearly half the country, think global warming worries are exaggerated and more people doubt that scientific warnings of severe environmental fallout will ever occur, according to a new Gallup poll. The new doubts come as …

West Virginia Mine Foreman Pleads Guilty to Faking Safety Records

A foreman accused of faking a safety inspection report at a Patriot Coal Corp. mine pleaded guilty Wednesday to one count of making false statements and certifications under federal mine safety laws. John Renner, 40, of Granville, declined to elaborate …

West Virginia Lawmakers Approve Creation of Special Business Courts

Lawmakers hope a new bill will blunt business groups’ criticism of West Virginia’s court system. The Senate voted unanimously Wednesday to allow the state Supreme Court to create special business courts in judicial circuits with more than 60,000 people. Sen. …

Best Affirms RenRe Holdings, Operating Companies Ratings

A.M. Best Co. has affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit ratings (ICR) of “aa-” of Renaissance Reinsurance Ltd. and Renaissance Reinsurance of Europe, which is headquartered in Dublin, Ireland. Best also affirmed the ICR …

Chile’s Mines and Refineries Escape Damage from Aftershocks

Chile’s mining and refinery sectors escaped damage Thursday as a series of powerful aftershocks rocked the world’s largest copper producer in the wake of one of the biggest earthquakes ever recorded. Chile’s Codelco and global miner Anglo American said all …

South Carolina House Passes $25 Fine for Texting While Driving

South Carolina motorists who are caught sending or reading text messages while they drive would be fined $25 under legislation that won key House approval this week. With a 98-18 vote, the House gave second reading to a bill that …

RenRe Gives no Quake, Storm Loss Figures, But They May be ‘Significant’

Bermuda-based RenaissanceRe Holdings announced that based on its initial assessment, the “impact of the Chilean earthquake and windstorm Xynthia on its financial results (net of reinstatement premiums, retrocessional recoveries and non-controlling interest) will be significant and could be material.” The …

Mississippi to Add More Kiosks That Automate Driver’s License Renewals

Since rolling out seven automated driver’s license renewal kiosks three months ago, the Mississippi Department of Public Safety has begun developing plans to add more throughout the state. “It seems to me that 100 would not be an unreasonable number,” …