A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aaa” of the members of Government Employees Group (GEICO), based in Chevy Chase, Maryland. Best also affirmed the ICR of “aaa” …
American International Group Inc. said it is open to new offers for its plane-leasing business and may pursue a public offering of the unit after a group of Chinese investors missed another deadline to buy the operation. The group, led …
It was a historic moment in U.N. climate talks: with most countries in favor and only a group of OPEC members objecting, the German environment minister chairing the conference banged down her gavel to launch negotiations on a treaty to …
Toyota Motor Corp. and lawyers suing the company were given more time to win final approval of a $1.1 billion settlement of claims that recalls related to unintended acceleration hurt the value of U.S. customers’ vehicles. U.S. District Judge James …
A lawsuit against a western Kentucky coal mine accused of discriminating against black job applicants appears to be nearing a settlement. River View Coal, a subsidiary of Tulsa, Okla.-based Alliance Resource Partners, was sued in 2011 by the U.S. Equal …
Following its ratings report for the ACE Ltd. Group, A.M. Best Europe – Rating Services Limited has revised the outlook to positive from stable and affirmed the financial strength rating of ‘A+’ (Superior) and the issuer credit rating of “aa” …
A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength ratings (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa” of the North America property/casualty subsidiaries of ACE Limited, which is domiciled …
Cooper Gay Swett and Crawford (CGSC) announced that Oliver Homer has joined the company, effective as of today, June 17, as Global Head of M&A, a newly created position within the group. He is based in London and will be …
Florida Gov. Rick Scott — and other top state officials — quickly distanced themselves last month from a controversial deal approved by Citizens Property Insurance Corp. to shift thousands of homeowner policies to a start-up insurance company. But emails show …
Crystal & Co., a worldwide risk and insurance advisor, has released the results of its Nonprofit Risk Survey, presenting a snapshot of risk awareness and exposure among U.S. nonprofit organizations, including human services, foundations, and community service, educational and religious …
