A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating (ICR) of “a-” of General Insurance Corporation of India (GIC) and has revised its outlook on both ratings to stable from negative. “The …
Standard & Poor’s Ratings Services has revised its ratings outlook on the counterparty and insurer financial strength ratings on Insurance Australia’s group of companies to negative from stable. S&P also affirmed the ‘AA’ ratings on Insurance Australia’s core subsidiaries. “The …
Pandemics are inevitable and businesses must prepare now by developing continuity plans in case of a flu outbreak, said Scott Mugno, managing director, corporate safety, health and fire protection at FedEx Express. According to Mugno, pandemics will happen and have …
Zurich Financial Services Group announced that it will expand its services for corporate customers into the Asia-Pacific region with the creation of a new business unit, Global Corporate in Asia-Pacific (GCiAP). The new unit will be based in Hong Kong …
A.M. Best Co. has assigned a financial strength rating of ‘B+’ (Good) and an issuer credit rating of “bbb-” to Russian Reinsurance Company with a stable outlook. “The ratings reflect Russian Re’ s good risk-adjusted capitalization, excellent and consistent operating …
A.M. Best Co announced that Nick Charteris-Black will be joining the rating agency during the first quarter of 2008 as Director – Global Financial Services for A.M. Best Europe. He will be located in Best’s London office and will report …
A.M. Best Co. has affirmed the financial strength rating of B+ (Good) and the issuer credit rating (ICR) of “bbb-” of China Insurance (NZ) Company Limited of New Zealand with a stable outlook. The ratings reflect China Insurance’s improved capitalization, …
Lawmakers in Oklahoma questioned whether the state would be prepared in the event of an influenza pandemic during a legislative study conducted by state Rep. Lee Denney. Lawmakers and other officials recently met at the Oklahoma State Department of Health …
As many as 150 million people in the world’s major cities could be reliant on flood defenses by 2070 – more than three times the 40 million people today – as a result of climate change and urban development. This …
The Justice Department filed a lawsuit accusing the pilot and the Hong Kong-based owners of the container ship Cosco Busan of breaking environmental laws when the ship struck a bridge support in San Francisco Bay, spilling 58,000 gallons of toxic …
