Delaware News

Wal-Mart: Tests Show Traces of Melamine in Dog Treats

Tests of two Chinese brands of dog treats sold at Wal-Mart stores found traces of melamine, a chemical agent that led to another massive pet food recall in March, a spokeswoman said Aug. 21. Wal-Mart quietly stopped selling Chicken Jerky …

Best Affirms SCOR Ratings; Upgrades Converium; Off Review

A.M. Best Co. has affirmed the financial strength rating (FSR) of “A-” (Excellent) and the issuer credit rating (ICR) of “a-” of France’s SCOR Group and its rated subsidiaries. Best also affirmed the senior debt and subordinated debt either issued …

Federal Officials Release Data on Drunken Driving Fatalities

Texas led the nation with 1,354 drunken driving fatalities in 2006 and was among the states to record the largest increase in such deaths, federal transportation officials said. The National Highway Traffic Safety Administration on Monday, Aug. 20th released data …

Best Upgrades and Affirms Berkley Group Operating Companies

A.M. Best Co. has upgraded the financial strength ratings (FSR) to “A+” (Superior) from “A” (Excellent) and the issuer credit ratings (ICR) to “aa-” from “a” for Berkley Insurance Group of Wilmington, Del. and Berkley Regional Group of Greenwich, Conn. …

Ratings Recap: Employers Direct, Penn Treaty Network, Allstate Floridian

A.M. Best Co. has assigned a financial strength rating of “A-” (Excellent) and an issuer credit rating of “a-” to Employers Direct Insurance Company (EDIC) of Agoura Hills, CA with a stable outlook. Best noted that EDIC “is a wholly …

My New Markets

Youth recreation programs Nuts & Bolts: Markel Insurance Co. is offering coverage for youth recreation programs and camps. Coverage includes general liability, umbrella, sexual abuse/molestation, directors and officers, child abduction, special events, professional liability, property, key employee replacement, auto, crime, …

Ala.-Based Alfa Buyout Plan Opposed in Shareholders’ Suit

Eight shareholders have sued to block Montgomery, Ala-based Alfa Corp.’s $639 million proposal to buy out minority shareholders, claiming it’s an unfair price. The suit was filed in the Chancery Court of Delaware, where the insurer is incorporated. The plaintiffs …

My New Markets

Youth recreation programs Nuts & Bolts: Markel Insurance Co. is offering coverage for youth recreation programs and camps. Coverage includes general liability, umbrella, sexual abuse/molestation, directors and officers, child abduction, special events, professional liability, property, key employee replacement, auto, crime, …

IISI Offers Courier/Package Delivery Program

Innovative Insurance Solutions, Inc., an insurance advisor specializing in transportation risks, has launched a new program specifically for couriers/package delivery and others in the expedited local delivery industry. IISI is the exclusive program manager, with the authority to quote, bind …

Development on Delaware Coast Raises Evacuation Concerns

The growing number of year-round residents in Delaware’s southern coastal communities has state officials concerned about evacuation plans for hurricanes and other natural disasters. Officials previously have estimated that evacuating in the face of an oncoming hurricane could take 24 …