A.M. Best Co. has assigned an issuer credit rating (ICR) of “bbb” and affirmed the financial strength rating (FSR) of B++ (Good) of Jamaica International Insurance Company Limited (JIIC) with a stable outlook. “The ratings reflect JIIC’s favorable capitalization, profitable …
Allstate Insurance Co. has agreed to pay $995,000 to a Brooklyn couple who claimed their house was badly damaged by vibrations caused by an Air France Concorde jet nearly five years ago. The couple, John and Annette Ferranti, initially won …
Arthur J. Gallagher & Co. announced that it has acquired a 38.5 percent equity interest in CGM Group Limited, headquartered in Kingston, Jamaica. Terms of the transaction were not disclosed. CGM, which started in 1971, “is an insurance intermediary and …
High wind and heavy surf hit parts of the Northeast U.S. coast as the remnants of Hurricane Noel blustered northeastward across the open Atlantic. The wind and rain caused some coastal flooding, brought down tree limbs and knocked out power …
It may not have reached hurricane strength, but tropical storm Noel has piled up a lengthening list of death and destruction, as it heads towards the Bahamas. The slow moving storm caused the deaths of at least 40 people in …
In 2006, 1,192,809 motor vehicles were reported stolen which is 42,417 fewer than in 2005, representing the third year in a row that vehicle theft has declined. Even so, every 26.4 seconds a vehicle is stolen in the United States, …
Suspended Pennsylvania Superior Court Judge Michael T. Joyce intends to stand trial on federal money laundering and mail fraud charges, according to his lawyer. Attorney David Ridge refused to comment on the defense strategy, but said Joyce would “absolutely” go …
Swiss Re has recognized the Nature Conservancy for its commitment to sustainable watershed management in Jamaica. The reinsurer announced that as part of its International ReSource Award competition, it has given the organization $70,000 to help fund a river clean-up …
Pa. judge facing insurance fraud charges won’t run Suspended Pennsylvania Superior Court Judge Michael T. Joyce pleaded not guilty to federal charges of mail fraud and money laundering and withdrew his name from the ballot for re-election. His decision to …
Suspended Pennsylvania Superior Court Judge Michael T. Joyce pleaded not guilty to federal charges of mail fraud and money laundering and withdrew his name from the ballot for re-election. His decision to retire came after a grand jury indicted him …
