Some Oklahoma residents may have felt their homes shake on Christmas Day, but it wasn’t because reindeer had landed on the roof. The U.S. Geological Survey reports a 3.3-magnitude quake struck around 8:10 a.m. on Sunday 5 miles northwest of …
Anglers in the wetlands surrounding New Orleans never have to look very far to be reminded they are living the ultimate paradox: They are enjoying the nation’s most prolific coastal fishing in the midst of a terminal environmental disaster. This …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Bermuda-based Evergreen Reinsurance Company, Ltd. (ERCL), both with stable outlooks. The ratings reflect ERCL’s “solid risk-adjusted capitalization, consistently profitable operating performance …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa-” of Sompo Japan Insurance Inc. Best also, affirmed the FSR of ‘A+’ (Superior) and ICRs of “aa-” of Sompo Japan …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Bermuda-based Wind River Reinsurance Company, Ltd. and its U.S. subsidiaries. Best also affirmed the ICR of “bbb” of the ultimate …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Japan’s NIPPONKOA Insurance Company Ltd, both with stable outlooks. The ratings reflect NIPPONKOA’s “favorable risk-adjusted capitalization, conservative underwriting leverage and expected …
Signs of legal problems and financial losses surrounding the French breast implant manufacturer at the heart of a scandal affecting hundreds of thousands of women worldwide can be traced back as far back as 2003, regulatory filings show. France’s Poly …
The Bermuda-based Everest Re Group announced that it expects to incur net losses of between $100 million and $125 million, after reinstatement premiums and taxes, for claims arising from floods in Thailand. The bulletin said the range was “predicated on …
Records show that more than a $1 million has been paid out since 2005 in claims against a South Florida police department. The city of Fort Lauderdale released a list of claims and payouts in response to a public records …
The Obama administration decided against a cut in truckers’ daily hours behind the wheel, to the dismay of safety advocates, but made other changes aimed at fighting driver fatigue. The rule issued last Thursday continues to permit drivers to be …
