In connection with its revision of its outlook on AIG, A.M. Best Co. has affirmed the financial strength ratings of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Chartis US Insurance Group and its members and the Lexington …
A.M. Best Co. has revised the outlook to stable from negative and affirmed the issuer credit rating (ICR) of “bbb” of American International Group. It has also revised the outlook to stable from negative and affirmed the financial strength ratings …
Swiss Re’s Chief Economist, Kurt Karl, has predicted that the decision by the Federal Reserve to maintain the target fed funds rate at zero to 25 basis points would help calm some of the turmoil in the global financial markets. …
When severe snowstorms prevented life-sustaining fuel supplies from reaching the frozen Alaskan town of Nome, U.S. officials turned to a Russian company for help. The relief mission through perilous, ice-choked seas was the first mid-winter fuel delivery to western Alaska, …
The Chubb Corporation reported fourth-quarter net income of $452 million, down 27 percent from $620 million net income reported during the same period one year ago. The Warren, N.J.-based insurer said the results were hurt by catastrophe losses as well …
A government watchdog says U.S. taxpayers are still owed $132.9 billion that companies haven’t repaid from the financial bailout, and some of that will never be recovered. The bailout launched at the height of the financial crisis in September 2008 …
Safety groups are urging teenage drivers in Virginia to wear seat belts and slow down following a sharp increase in fatal wrecks. Preliminary statistics show that traffic accidents killed 11 people ages 16 to 20 between Jan.1 and Jan. 24. …
The deadline is nearing for Nevada residents and businesses affected by November’s brush fire in Reno to apply for Small Business Administration disaster loans. The Caughlin Fire burned more than 3 square miles and destroyed or damaged 42 homes. The …
Legal bills for Honolulu’s rail project have totaled more than $1.87 million with seven law firms hired. The $5.27 billion, 20-mile rail project is facing a federal lawsuit by opponents including former Gov. Ben Cayetano, who recently announced he’ll run …
Glatfelter Program Managers, a business unit dedicated to Glatfelter Insurance Group’s program business, appointed Bruce Williams as president of the newly formed Glatfelter Healthcare Practice division. Based in York, Penn., Williams has 37 years of experience in the insurance industry …
