Florida resident Stephen Carlisle was not alarmed by the letter he received from Bank of New York Mellon Shareowners Services, notifying him that a data breach had exposed sensitive information from thousands of customers. But days later, Carlisle grew concerned …
U.S. lawmakers rejected a $700 billion bailout plan for the financial industry in a shock vote that sent global markets sliding as the world credit crisis claimed more banks. By a vote of 228-to-205 the House rejected a compromise plan …
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Insurance Intermediary E&O Market Detail: Quadrant Insurance Managers makes available a professional liability program designed …
Standard & Poor’s Ratings Services will hold a telephone conference call today, Thursday, Sept. 18, 2008, at 3 p.m. Eastern Daylight Time to discuss the recent credit events shaking the financial institutions sector. The call will include discussions of “the …
Assurant Specialty Property and National ID Recovery (NIDR) have launched a Red Flag ID fraud detection, notification and protection program for financial institutions and credit unions. Red Flag ID Fraud Solutions is a collaborative identity theft solution created in response …
Disbelief and anxiety were written on the faces of staff at American International Group Inc. as they grappled with the idea that their company, which was once the largest insurer in the world and one of the safest places to …
Wells Fargo Insurance Services Inc. has named David Carroll senior vice president and west region property practice leader, based in Redwood City, Calif., responsible for coordinating and managing property related risk management and insurance services in the West(Alaska, Arizona, California, …
A state and federal report concluded that last summer’s lightning- and cheatgrass-stoked Murphy Complex fire that torched 1,000 square miles of Idaho and Nevada backcountry would have overwhelmed efforts by ranchers to cut fire danger before the blaze by using …
Risk Placement Services of Scottsdale, Ariz., has promoted Douglas B. Rutherford from area vice president, sales in underwriting and brokering to area president/branch manager. He will be responsible for the operations of RPS Scottsdale and its satellite locations in Washington, …
A.M. Best Co. has downgraded the financial strength rating (FSR) to ‘B-‘ (Fair) from ‘B+’ (Good) and issuer credit rating (ICR) to ‘bb-” from ‘bbb-” of Oklahoma City-based American Farmers & Ranchers Group and its members American Farmers & Ranchers …
