Standard & Poor’s Ratings Services has affirmed its ‘A+’ long-term counterparty credit and insurer financial strength ratings on various operating companies belonging to global reinsurer Swiss Reinsurance Company Ltd. (Swiss Re; A+/Stable/A-1). The ratings were subsequently withdrawn at the request …
A.M. Best Co. announced that it has “withdrawn all public data (pd) ratings on UK insurance companies. Best last reveiwed the listed companies in December 2007. The financial strength ratings (FSR) and issuer credit ratings (ICR) of the following companies …
The G8 summit made scant progress towards a new U.N. climate treaty due to be agreed in December with some nations back-pedaling on promises of new action even before the end of a meeting in Italy. “This hasn’t given me …
Leaders of the world’s richest nations and major developing powers meet on Thursday to seek common ground on global warming and international trade, with the poorer countries seeking concessions. U.S. President Barack Obama will chair the climate discussions, but hopes …
Burnett & Company Inc., a member company of QBE Insurance Group Limited, has added Diana Gladwell and Devin Lefebvre in its Houston office. The duo will underwrite marine liabilities for U.S.-based companies on behalf of the QBE’s Lloyd’s Syndicate 1036. …
Beginning in June 2009, Michigan-based Hagerty Insurance, a major provider of provider of collector vehicle insurance, expanded its operations into Canada. “The move will allow Canadian enthusiasts similar insurance products and services as those currently offered in the United States …
The parent company of retailers T.J. Maxx and Marshall’s will pay $9.75 million in a settlement with multiple states related to a massive data theft that exposed tens of millions of payment card numbers. Framingham, Mass.-based TJX Cos. said Tuesday …
A.M. Best Co. has downgraded the financial strength rating to ‘D’ (Poor) from ‘C-‘ (Weak) and issuer credit rating to “c” from “ccc-” of Florida-based Argus Fire & Casualty Insurance Company, both with negative outlooks. “These rating actions reflect Argus’ …
Despite the economic turmoil and the second worst year for insured natural catastrophe losses, the total cost of risk paid by businesses dropped in 2008 by 9.4 percent per $1,000 of revenue. The drop was largely attributable to lower average …
After Florida limited the fees paid to attorneys in workers’ compensation in 2003, attorney involvement in cases fell only slightly, according to new research. A significant proportion of Florida workers injured at work were able to hire attorneys to represent …
