Eighteen north Vicksburg homeowners who suffered damage from the Mississippi River flooding this spring have signed up for the city’s buyout program. The Vicksburg Post reported the voluntary buyout will be conducted in two phases. The first involves homes in …
A lawsuit and the state’s dram shop law have led to a $15 million judgment in Mississippi against Slippery Nick’s Saloon and Grill. However those who brought the suit do not expect to collect since the bar had no liability …
A.M. Best Co. has downgraded the issuer credit ratings (ICR) to “c” from “ccc” and senior debt ratings to “c” from “ccc” of Kingsway Financial Services Inc (KFSI) and Kingsway America Inc. (KAI). Best has also downgraded the financial strength …
Standard & Poor’s Ratings Services has revised its outlook on Liberty Mutual Group (LGMI, and the members of the Liberty Mutual Intercompany Pool, the Peerless Intercompany Pool, and other rated insurance affiliates (collectively, Liberty) to positive from stable. S&P also …
Standard & Poor’s Ratings Services has affirmed its ‘A-‘ counterparty credit and financial strength ratings on Harleysville Mutual Ins. Co. and its affiliates, as well as the counterparty credit rating on Harleysville Group Inc. (HGI), and has revised its outlook …
Aon Risk Solutions, the risk management business of Aon Corp., announced the appointment of Andrew Tunnicliffe to the position of chief executive officer, Aon Global Risk Consulting (AGRC), effective October1, 2011. He has more than 30 years of industry experience …
Northbridge Insurance, which comprises the existing “broker companies” of Lombard, Markel and Commonwealth, is preparing for the combination of the three into a united brand as of January 1st, 2012. In connection with the amalgamation Northbridge announced that Jean-Francois Béliveau …
On October 3, the UK’s Financial Services Authority (FSA) announced a revision to the dates on which it plans to implement the provisions of the European Union’s Solvency II regulations governing the insurance industry, moving the date for companies back …
Marsh has issued a report, which highlights the rising gap between insurance coverage amounts and the actual costs that may be incurred in rebuilding and repairing after a loss due to rising commodity prices. “Commodity price volatility and the rising …
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp, has released the latest edition of its Monthly Cat Recap report, which reviews the natural disaster perils that occurred worldwide during September. Published by Impact Forecasting, the firm’s …
