Bermuda’s Minister of Finance, the Hon. Paula A. Cox, announced that Bermuda had concluded negotiations of a bilateral agreement with Belgium that provide for a full exchange of information on criminal and civil tax matters between Bermuda and the Kingdom …
Battling Ida “They were literally fighting each wave. They did that for days.’” —Ocean City, N.J. resident Bob Ashenbrenner, describing local officials’ efforts to reinforce breached dunes near his home as the remnants of Tropical Storm Ida battered beaches along …
2.1 Million More than 2.1 million drop-side cribs from Stork Craft Manufacturing of Canada are being recalled following reports of four infant suffocations, in the largest ever recall of cribs by the Consumer Product Safety Commission. Sales of the cribs …
2.1 Million More than 2.1 million drop-side cribs by Stork Craft Manufacturing of Canada are being recalled following reports of four infant suffocations, representing the largest ever recall of cribs by the Consumer Product Safety Commission. Sales of the cribs …
USAA Military insurance company USAA is expanding its customer base by nearly 35 million prospects by opening up eligibility for its products to all veterans who have served in the U.S. Armed Forces at any time. More than 18 million …
A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A-” (Excellent) from’ B++’ (Good) and issuer credit rating (ICR) to “a-” from “bbb+” of SGI CANADA Insurance Services Limited (SCISL). Best also upgraded the FSR to ‘A-‘ (Excellent) …
TD Bank was hit with a multimillion-dollar lawsuit Friday calling it the “financial epicenter” of an alleged Ponzi scheme run by disgraced Florida lawyer Scott Rothstein. The unit of Canada’s Toronto-Dominion Bank was a “linchpin” in the scheme and disregarded …
Standard & Poor’s Ratings Services has raised its counterparty credit and financial strength ratings on Crum & Forster Insurance Co. and related entities to ‘A-‘ from ‘BBB+’. S&P also affirmed its ‘BBB-‘ counterparty credit rating on Fairfax Financial Holdings Ltd. …
Canada’s Sun Life Financial Inc. said Thursday it is seeking acquisitions to expand its U.S. insurance business but believes organic growth is the better way to gain market share in mutual funds. Sun Life, the fifth-largest insurer in North America …
A.M. Best Co. has affirmed the financial strength ratings (FSR) and issuer credit ratings (ICR) of the P/C and life/health insurance subsidiaries of Assurant, Inc. Best also affirmed the ICR of “bbb” and debt ratings of Assurant. At the same …
