A.M. Best Co. announced that it has become a supporting sponsor of the Insurance Managers Association of Cayman’s 2009 Cayman Captive Forum, to be held December 1-3 at the Ritz Carlton, Grand Cayman. Steven Chirico of the Captive Rating Group …
Clarksville, Mo., is moving ahead with what Mayor Jo Anne Smiley calls the “monumental task” of never again having to worry about the Mississippi River ruining businesses and disrupting lives in this town of 490 residents. It will take time, …
Senator Barbara Boxer Tuesday predicted that the United States will not reach a consensus on carbon emission reduction goals for 2020 in time for December’s international global warming summit in Copenhagen. Boxer, who chairs a Senate environmental panel, cited disagreements …
A.M. Best Co. has affirmed the ‘A-‘ (Excellent) financial strength rating and issuer credit ratings (ICR) of “a-” of Employers Insurance Group (EMPLOYERS) and its four P/C members, Employers Insurance Company of Nevada (EICN), Calif.-based Employers Compensation Insurance Company (ECIC), …
In an open letter addressed to Barney Frank, the Chairman of the House of Representatives Committee on Financial Services, the largest U.S. insurance trade associations expressed their concerns over the recently passed Financial Stability Act’s possible implications. The letter, signed …
Some north Alabama residents awoke to a shaky start of the new week. A small earthquake rattled the northern part of the state Monday morning. The 1.4 magnitude quake centered around the Fort Payne area. It hit around 4 a.m. …
Officials handling the multibillion dollar bailout of insurance giant America International Group Inc. mismanaged an initial rescue attempt and may have overpaid other banks to wind down AIG’s business relationships, a government watchdog says. The Federal Reserve Bank of New …
Investigators say two fires that destroyed the Smoke Hole Caverns gift shop and restaurant in West Virginia were deliberately set. Grant County Sheriff’s Deputy S.L. Wratchford says items were found inside a trash can beside the cave’s entrance. The trash …
Munich Reinsurance America, Inc. announced that it now offers a reinsurance product for insurance companies impacted by rising insured losses from ‘local’ natural catastrophes. “The Nat Cat Frequency Cover is designed to protect insurers against the accumulation of losses resulting …
U.S. Congressman Charlie Melancon of Louisiana has introduced federal legislation that would prevent insurance companies from cancelling or failing to renew homeowners’ policies as the result of Chinese drywall in their homes. Aimed at the problem of defective Chinese drywall …
