A new report shows a drop in deaths from motorcycle accidents in New Jersey — a change that’s good news for both riders and safety advocates. “I think it’s great,” Barbara Borowiec, a South Jersey motorcycle dealer, said of the …
The estate of an Ecuadorean immigrant has filed a $40 million civil rights lawsuit that blames police inaction over prior violence for the man’s stabbing death during a confrontation with a mob of teens who had made a sport of …
Standard & Poor’s Ratings Services has lowered its counterparty credit and financial strength ratings on Novato, Calif.-based Fireman’s Fund Insurance Co. and its affiliates (collectively referred to as FFIC) to ‘A+’ from ‘AA-‘. The outlook on the ratings is stable. …
Standard & Poor’s Ratings Services has revised its outlook on XL Group Ltd. and its subsidiaries to stable from negative. S&P also affirmed its ‘A’ counterparty credit and financial strength ratings on XL Group’s core insurance subsidiaries and its ‘BBB+’ …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of National Guaranty Insurance Company of Vermont (NGIC), both with stable outlooks. The ratings reflect NGIC’s “excellent capital position, consistently profitable operating …
A.M. Best Co. has assigned a financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” to Bermuda-based Oil Casualty Insurance, Ltd (OCIL), both with stable outlooks. OCIL’s ratings “reflect its superior capitalization, balance sheet strength, generally profitable …
The European Union has deployed billions of euros and endless words to try to contain its sovereign debt crisis this year, but poor communication and bad timing have left financial markets unconvinced. The communications problems haven’t caused the crisis — …
Barbados-based Aliseo Reinsurance SCC announced its entry into the global retrocession market with an initial capitalization of $300 million. Aliseo Re said it would “operate as a monoline retrocessionaire focusing on providing property catastrophe protection, targeting the reinsurance market worldwide. …
Oakland, Calif.-based catastrophe risk modeling firm EQECAT Inc. has named Paul C. Little senior vice president of global client development. Little will be responsible for global sales, professional services, deployment and product support. The position was previously held by EQECAT’s …
Paula Reid was cruising at the speed limit on U.S. 460 in Virginia, near Montvale, her big BMW sedan slicing through the dark highway’s miles. Then, thwack. “Out of nowhere she hit me,” Reid, 49, of Roanoke said of the …
