June 13, 2013
Republican Mike Hill has defeated Democrat Jeremy Lau for the vacant state House District 2 seat. The Miami Herald reported that Hill carried about 58 percent of the vote in the Northwest Florida district, which includes Escambia and Santa Rosa …
June 13, 2013
Alabama’s governor and attorney general are reviewing weekend roadblocks in St. Clair and Bibb counties where motorists were asked for breath, blood and saliva samples. Gov. Robert Bentley said Tuesday he has asked his secretary of law enforcement, Spencer Collier, …
June 13, 2013
Warren Buffett’s Berkshire Hathaway Inc. is providing more data about claims costs at insurance units after the U.S. Securities and Exchange Commission pressed the company for the information. We “agree to provide disclosures in future filings of the significant catastrophe …
June 13, 2013
Chemical shippers failed to show any business harm from a regulation requiring railroads to deploy new train-safety technology, a U.S. appeals court said, throwing out a lawsuit challenging the 2012 rule. The Arlington, Virginia-based Chlorine Institute argued that the Federal …
June 13, 2013
The Federal Emergency Management Agency said it won’t provide U.S. aid to help rebuild the town in Texas where an April fertilizer plant explosion killed 15 people and leveled nearby buildings. In a June 10 letter to Texas Governor Rick …
June 13, 2013
Federal prosecutors in New Jersey on Wednesday unveiled criminal charges against eight people accused of trying to steal at least $15 million from U.S. customers in an international cybercrime scheme targeting accounts at 15 financial institutions and government agencies. U.S. …
June 13, 2013
Mitsui Sumitomo at Lloyd’s has affirmed its commitment to grow its Marine Liability business with the appointment of Simon Engelen as Class Underwriter. Engelen will join Mitsui Sumitomo at Lloyd’s later this year when he leaves his current role as …
June 13, 2013
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Bermuda-based Heddington Insurance Limited, both with stable outlooks. The ratings reflect Heddington’s” superior capitalization, consistently positive operating results and the role …
June 13, 2013
Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has launched a scenario model for the recent German floods. The bulletin explained that by “using event footprints that outline the extent of the flood enables insurers to …
June 13, 2013
RenRe and Affiliates A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Renaissance Reinsurance Ltd. (RenRe) and Renaissance Reinsurance of Europe, based in Dublin, Ireland. Best also has …