A Massachusetts hospital has been denied its insurance claim for Covid-19 related costs and lost revenues under business interruption and disease contamination provisions of its property insurance policy. U.S. District Judge Nathaniel M. Gorton of the federal court in Boston …
A.M. Best Co. has upgraded the issuer credit ratings (ICR) to “a+” from “a” of North American Casualty Group (NAC) and its members, California Insurance Company, and Continental Indemnity Company, which operate under a pooling arrangement. Best also affirmed NAC’s …
A.M. Best Co. reported it has downgraded the financial strength rating to F (In Liquidation) from D (Poor) and issuer credit rating to “rs” from “c” of Constitutional Casualty Co. (Constitutional), based in Chicago, Ill. On Jan. 7, 2011, Illinois …
