A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and the issuer credit rating (ICR) of “a-” of French reinsurer SCOR S.E. and its rated subsidiaries. Best has …
The World Trade Organization’s Doha round to free up trade is nearly complete and world leaders are voicing the political will to reach a deal next year, Australian Trade Minister Simon Crean said on Wednesday. But at a meeting of …
Insurance is an under-used way for the tourism industry to manage the risks of climate change, with existing offers ranging from a “perfect weather guarantee” by Barbados to ski resorts promising deep snow, experts say. “Insurance products…have a huge potential …
A wildfire in the mountains above Los Angeles has surged in every direction, going in a single day from a modest threat to a danger to some 10,000 homes. The blaze nearly tripled in size in triple-digit heat Saturday, leaving …
In a move that was not completely unexpected, California Insurance Commissioner Steve Poizner announced that he will file a lawsuit to have the $1 billion sale of State Compensation Insurance Fund (SCIF) assets declared unconstitutional. Poizner said the transaction could …
The U.S. National Hurricane Center said Tropical Storm Danny was located about 575 miles south-southeast of Cape Hatteras, North Carolina, as of 8 a.m. EDT (Noon GMT) Thursday and packing winds near 60 miles per hour. Danny was headed northwest …
The U.S. National Hurricane Center said an area of disturbed weather centered about 470 miles east of Nassau in the Bahamas could become the season’s latest tropical depression, or more likely, tropical storm, later Wednesday. But forecast tracks so far …
The U.S. National Hurricane Center said Tuesday a tropical wave in the western Atlantic Ocean northeast of Puerto Rico had a high chance — greater than 50 percent — of becoming a tropical cyclone during the next 48 hours. NHC …
A total of 5,071 fatal work injuries were recorded in the U.S. in 2008, down about 10 percent from a total of 5,657 fatal work injuries reported for 2007, according to preliminary government figures. Based on these preliminary counts, the …
Standard & Poor’s Ratings Services has assigned its ‘A+’ counterparty credit and financial strength ratings to Glencoe Insurance Ltd., Stonington Insurance Co., Lantana Insurance Ltd., and Stonington Lloyd’s Insurance Co. (collectively referred to as RenRe Insurance) with stable outlooks. “The …
