A.M. Best Co. has upgraded the financial strength ratings (FSR) to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit ratings (ICR) to “a” from “a-” of Pennsylvania-based Praetorian Insurance Company and Minnesota-based NAU Country Insurance Company. Both are operating companies …
A federal court will hear the complaints of 14 West Virginia families who blame illnesses ranging from cancer to rashes on long-term exposure to toxic waste piled up at a former DuPont zinc-smelting plant. Lead plaintiffs Rebecca Morlock and Waunona …
Lightyear Delos Acquisition Corp. (LYDAC) and Southwest Insurance Partners Inc. (SWIP) announced they are merging in a transaction that is expected to close in the fourth quarter of this year. The merged entity will be led by Stephen L. Way. …
A.M. Best Co. has assigned a debt rating of “bbb” to the recently issued $350 million 6.25 percent senior unsecured notes due 2020 of Delaware-based Alterra Finance LLC. The senior notes are fully and unconditionally guaranteed by Alterra Capital Holdings …
Volunteer fire departments across Delaware are having to scrimp and put off buying new equipment just to stay afloat as local, state and charitable funds are harder to find. Kevin Wilson, president of the Delaware Volunteer Firefighters Association, says government …
K&K Insurance, based in Ft. Wayne, Ind., named Todd Bixler president and CEO. Bixler joined K&K Insurance in 1986 as controller, responsible for financial reporting and accounting operations. His subsequent positions of increasing responsibility with K&K included chief financial officer, …
For some Ohioans, the memory of Hurricane Ike is only surpassed by the damage it caused last Sept. 14 as it made its way across the Buckeye State packing winds at speeds equal to a Category 1 hurricane (up to …
Aon Consulting has named Shelly Blackstone as vice president of business development in its Richmond, Virginia office. In her new role, Blackstone will develop new products and services clients in Central and Southern Virginia. Prior to joining Aon Consulting, she …
Former longtime AIG chief Maurice “Hank” Greenberg and another former executive will get $60 million from the company’s insurers to cover legal and other costs as part of a proposed settlement of investor lawsuits, court papers show. The payouts to …
Hurricane Earl battered North Carolina’s coast with rain, winds and waves Friday and swirled up the U.S. eastern seaboard toward New England and Canada as a weakened but still dangerous storm. The impact of the Category 2 storm appeared to …
