Weather-related claims of nearly $440 million dragged down profits by 9 percent at Travelers, which reported second quarter net income of $670 million, down from the $740 million the insurer earned in the year-ago period. Catastrophe claims — chiefly wind …
Nationwide Insurance presented the Houston Police Department, the Harris County Sheriff’s Department, and the Webster Police Department with a bait vehicle each to assist with their respective anti-theft/bait vehicle programs. Houston is number 4 in the country for the total …
Northwest Indiana authorities say a nine-month sting targeting car thieves attracted 20 men and women who sold undercover police 70 vehicles valued at more than $510,000. Lake County Sheriff Roy Dominguez said that investigators wrapped up the sting this week …
The percentage of Illinois motorists using safety belts has reached a record of more than 92 percent. Illinois Transportation Secretary Gary Hannig says traffic deaths in the first six months of 2010 are also down. Hannig says an estimated 92.6 …
A suburban Philadelphia man who authorities say tried to pass himself off as a firefighter has pleaded guilty to intentionally setting a fire at a diner. Twenty-one-year-old Mark Gilliam, of West Bradford, was sentenced Wednesday to 33 to 66 months …
A.M. Best Co. has placed under review with negative implications the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Risk Management Association of Illinois-based Residential Construction Employers Council (RMA). The rating actions reflect Best’s “inability …
Standard & Poor’s Ratings Services said today that its ratings on American International Group (AIG; A-/Negative/A-1) and AIG’s insurance subsidiaries (most of which are rated A+/Negative/–) are not affected by the company’s announcement that Robert S. (Steve) Miller has succeeded …
A comment from Standard & Poor’s Ratings Services notes that the Dodd-Frank Wall Street Reform and Consumer Protection Act “seeks to expand regulation to address many aspects of the financial services sector. Although much of the discussion about this bill …
The recently enacted Dodd-Frank Wall Street Reform and Consumer Protection Act has specific provisions applicable to rating agencies. A comment on the Act’s potential impact from A.M. Best notes that the legislation’s “far-reaching financial market reforms” contain provisions “aimed at …
The U.S. Army Corps of Engineers has concluded its actions during the May floods reduced the Cumberland River’s flood crest in Nashville by 5 feet, but the agency suffered numerous communications problems during the crisis, according to a report released …
