Work crews in Providence are scheduled to finish pickup of storm debris at the end of this week. The city announced on Monday that June 18 will be the last day for storm debris pickup. The city says it will …
About a dozen school buses are damaged or destroyed after a fire tore through the garage holding a northwestern Pennsylvania district’s vehicles. A state police fire marshal is investigating the cause of the blaze that broke out Monday afternoon in …
New York City paid nearly $521 million in personal injury and property damage claims in 2010 — marking the first time in 30 years the police department’s liabilities topped those of public hospitals, according to a city comptroller’s report issued …
In a major victory for victims of Allen Stanford’s alleged Ponzi scheme, U.S. regulators have concluded that they should be compensated by a brokerage industry-backed fund. The decision announced Wednesday by the U.S. Securities and Exchange Commission comes nearly two …
Ox Bonding has expanded its specialty bonding programs into Florida. Ox Bonding’s affiliate insurance carrier, Upper Hudson National Insurance Co., has obtained approval from the Florida Office of Insurance Regulation to expand its existing license to include surety. Florida has …
A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of A+ (Superior) and issuer credit rating of “aa-” of Lititz Mutual Insurance Pool, which includes the operations of Lititz Mutual Insurance Company …
Standard & Poor’s Ratings Services lowered its counterparty credit and financial strength ratings on Kuwait’s First Takaful Insurance Co. to ‘BB-‘ from ‘BB+’, and assigned the ratings a negative outlook. S&P then withdrew the ratings on First Takaful at the …
Insurance professionals from the UK and Guernsey were told of the benefits that could result from the Island’s stance on Solvency II. Nearly 100 risk managers, brokers, lawyers, representatives from ratings agencies and insurance trade media journalists attended the Guernsey …
Zurich Financial Services Group announced that one of Zurich’s non-core subsidiaries in the UK, Zurich Specialties London Ltd, will transfer its run off insurance business to Swiss Re at book value. Zurich said the transfer forms an integral part of …
The Directors of Swiss Re Group and the Directors of Swiss Re America Holding Corporation announced that J. Eric Smith will join Swiss Re as President and CEO, Americas effective July 11. He will replace Pierre Ozendo who retires this …
