A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Bahamas-based Royal Star Assurance Limited (RSA), both with stable outlooks. The ratings reflect” RSA’s solid risk-adjusted capitalization, favorable operating results and …
A.M. Best Co. joined Standard & Poor’s and Fitch Ratings in placing the financial strength ratings (FSR) and issuer credit ratings (ICR) of the domestic and international P/C and life/health subsidiaries of Berkshire Hathaway Inc. (BRK) under review with negative …
One day while visiting a construction site operated by a client’s vocational technical school, American Society of Safety Engineers’ (ASSE) Colorado Chapter member Mark Semonisck, CSP, assistant vice president and senior loss control consultant for Lockton Companies’ Denver office, not …
An Avella, Pennsylvania landowner is suing an energy company for polluting his soil and water in an attempt to link a natural gas drilling technique with environmental contamination. George Zimmermann, the owner of 480 acres in Washington County, southwest Pennsylvania, …
A.M. Best Co. has revised the outlook to stable from positive and affirmed the issuer credit rating (ICR) of “bbb” of Upland Mutual Insurance, Inc. of Junction City, Kansas. Best also affirmed Upland’s financial strength rating (FSR) of ‘B++.’ The …
Software, biotech firms and others who develop new ways to do business will be watching closely Monday as the U.S. Supreme Court hears a case that could determine if such innovations can win patent protection. The case itself involves a …
A Chancery Court Judge in Cook County Illinois has halted a state insurance department order that prohibited a medical liability insurer from writing new business in the state. On Oct. 22, Illinois Director of Insurance Michael McRaith suspended the operations …
Here are the main provisions of the healthcare overhaul passed by the House of Representatives: INSURANCE MARKET CHANGES * Creates an insurance market exchange where individuals and small businesses would purchase coverage. Sets minimum benefit packages that may be offered …
Arthur J. Gallagher Risk Management Services (AJGRMS), the retail property/casualty (P/C) brokerage division of Arthur J. Gallagher & Co., Los Angeles, has named Don Tarantino the area chairman of its San Francisco operations. Mr. Tarantino joined AJGRMS in 2006 as …
Actor Morgan Freeman has settled a lawsuit related to a 2008 car accident that seriously injured him and a passenger, according to court records. Terms of the settlement were not released. Demaris Meyer filed a federal lawsuit against the Academy …
