A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and the issuer credit ratings (ICR) of “a-” of Max Bermuda Ltd. and its affiliated companies. Best also affirmed the ICR of “bbb-” of Max Capital Group …
The nation’s bank holding companies increased their total insurance revenue 1.0 percent to $21.7 billion in the first half of 2007 from $21.4 billion during the same period in 2006. CitiGroup (NY), Wells Fargo & Company (CA), and HSBC North …
DuPont Co. must provide medical monitoring for about 7,000 West Virginia residents who were exposed to arsenic, cadmium and lead contamination from a waste site at a former Harrison County smelter, a jury said Wednesday. The verdict came in the …
The second phase of a class-action lawsuit against DuPont has gone to the jury, which must decide whether thousands of West Virginia residents deserve medical monitoring because of exposure to contamination from a waste site. Jurors heard closing arguments Tuesday …
From the executive office of the Greater New York Mutual Insurance Companies on Madison Avenue in the heart of New York City, Warren Heck, chairman and chief executive officer, can see Illinois. “It’s fantastic, unbelievable. I get very excited when …
Canada’s TD Bank Financial Group reported that it will acquire the Mid-Atlantic regional bank Commerce Bancorp Inc. in a 25 percent cash and 75 percent stock deal valued at $8.5 billion. If approved, the purchase would double TD Bank’s presence …
Now 21 states require cigarettes to be self-extinguishing Cigarettes sold in 21 states will be self-extinguishing after a strikingly high 15 states passed new laws this year to combat smoking-related blazes, the No. 1 cause of home-fire deaths. “Fire-safe” cigarettes, …
Trade and Professional Associations Nuts & Bolts: Aon Association offers coverage to 56,000 nonprofit organizations and their members throughout the U. S. Clients range in size and needs from an Elks Lodge seeking general liability coverage to a long-term care …
5 The number of years recently passed House legislation would reauthorize the National Flood Insurance Program. The measure aims to update the nation’s flood insurance program through 2013, give homeowners the option of purchasing windstorm coverage as part of their …
Workers’ Comp, Security, Investigative Agencies Nuts & Bolts: A guaranteed cost workers’ compensation program for security guard and investigative agencies is available from The Mechanic Group. Dollars: Up to $1 million. Carrier: The Hartford rated “A+” XV by A.M. Best. …
