A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Cayman Islands-based Island Heritage Insurance Company, Ltd., both with stable outlooks. The ratings of Island Heritage reflect its “solid level of …
The Supreme Court this week threw out damage claims against former Attorney General John Ashcroft over an American Muslim’s arrest, but four justices said the case raises serious questions about post-9/11 detentions under a federal law intended to make sure …
The South Carolina Senate has given approval to a bill limiting lawsuit punitive damages, but bucked South Carolina Gov. Nikki Haley along the way. Haley wanted the Senate to go along with the House and approve a cap of $350,000 …
Hundreds of people regained their driving privileges during South Carolina’s first amnesty program for suspended licenses. The Department of Motor Vehicles said the agency reissued 233 licenses between May 16 and 20. People eligible for the program had violations such …
The U.S. Supreme Court is considering the fate of litigation against cell phone makers over safety risks, just as the industry comes under more scrutiny in the wake of a health report from the World Health Organization. A working group …
The owners of North America’s tallest building, formerly known as the Sears Tower, are looking for an investor to help recapitalize the building that is an integral part of the Chicago skyline, a spokesman for the group said Wednesday. “We …
A recent survey confirms that there is growing concern among corporate managers about distracted driving risks and liability. Fifty percent of companies with more than 500 drivers said they have knowledge or evidence of such crashes, according to a poll …
A.M. Best Co. has commented that the financial strength rating of ‘A-‘ (Excellent) and issuer credit ratings of “a-” of Doctors Company Insurance Group (TDC) and its members, led by The Doctors Company, an Interinsurance Exchange, based in Napa, Calif., …
Standard & Poor’s has affirmed its ‘A’ counterparty credit and financial strength ratings on Platinum Underwriters Reinsurance Inc. and Platinum Underwriters Bermuda Ltd. (collectively referred to as Platinum). S&P also affirmed its ‘BBB+’ counterparty credit rating on Platinum Underwriters Holdings …
Bermuda-based Validus Holdings has joined with other investors in capitalizing and launching AlphaCat Re 2011, Ltd., which it describes as a “new special purpose ‘sidecar’ reinsurer formed for the purpose of writing collateralized reinsurance and retrocessional reinsurance.” Vaidus said “AlphaCat …
