A voice carried across the treeless plateau: “Fire in the hole! The range is now active.” Two dozen people fell silent before a muffled blast sent a geyser-like shower of crushed gravel, limestone and asphalt roughly 50 feet in the …
Validus Reinsurance Ltd. has become the latest reinsurer licensed to do business in Florida under the state’s reduced capital law. Under a 2009 law that was designed to attract more private capital to the state, off-shore reinsurers can reduce their …
West Virginia continues to issue new driver’s licenses that meet national standards adopted after the 9/11 terrorist attacks, amid a refusal by a number of other states to carry out the federal Real ID law, Deputy Division of Motor Vehicles …
Coastal Risk Underwriters (CRU), a member company of Insight Catastrophe Group, has launched a new preferred homeowners program for properties located in the state of Alaska. The program, underwritten by Occidental Fire & Casualty Co. of North Carolina, provides coverage …
Vanliner Insurance Co., an insurer in the moving and storage industry, has expanded the Forum Captive Insurance Program to moving agents affiliated with North American Van Lines, a moving and storage company with more than 500 agent locations. Originally launched …
A.M. Best Co. has assigned a financial strength rating of ‘B++’ (Good) and an issuer credit rating of “bbb” to Iowa-based Great Plains Casualty, Inc., both with stable outlooks. The ratings reflect Great Plains’ “adequate risk-adjusted capitalization, limited but favorable …
A.M. Best Co. has upgraded the financial strength rating to ‘A-‘ (Excellent) from ‘B++’ (Good) and issuer credit rating to “a-” from “bbb” of QBE Optima Insurance Company, which is based in San Juan, Puerto Rico, and was formerly known …
Zurich Insurance Group posted a $2.2 billion net after tax income available to shareholders. Other selected highlights from the earnings report are as follows: Q2 2012 Q2 2011 Business operating profit ———— $1.131 bn $1.287 bn Total group business volumes …
A second tropical storm in as many weeks battered the northern Philippines on Wednesday, killing at least two people, as forecasters warned that the still-reeling capital could see more flooding. Meanwhile, President Benigno Aquino III scrambled to avert another crisis …
UK global insurer RSA announced the appointment of Matt Hotson as Investor Relations Director. He joined the Group in early September from Cable & Wireless Worldwide where he was responsible for Corporate Finance and IR. He has extensive industry experience …
