Standard & Poor’s Ratings Services has issued a blanket bulletin outlining the rating actions, which it notes are “mostly unfavorable,” on several U.S. mortgage insurers and their core and dependent foreign subsidiaries. “These changes resulted from a reassessment of our …
Specialists arrived in Port Wentworth, Ga., Tuesday to help extinguish a five-day-old sugar-refinery fire burning too intensely and deeply for standard firefighting to douse, and officials feared the deadly blaze could once again trigger explosions. Thick masses of molten sugar …
Kinston, N.C.-based Discovery Insurance Co.received a financial strength rating upgrade. A.M. Best Co. upgraded Discovery to B- (Fair) from C++ (Marginal) and the issuer credit rating to “bb-” from “b+.” The outlook for the ratings is stable. These rating actions …
Wind-whipped wildfires chased churchgoers from worship, forced hundreds of residents to flee homes and closed highways across the rain-starved Carolinas and Virginia on Sunday. Twelve small structures, including at least one business and an unknown number of homes and sheds, …
Phoenix-based MiniCo Inc. reported it signed an agreement with Boulder, Colo.-based International Catastrophe Insurance Managers LLC (ICAT), to begin offering property and wind coverage for coastal locations in Florida, Georgia, Alabama, North Carolina, South Carolina, Louisiana, Delaware, New Hampshire and …
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. Collector Vehicles Nuts & Bolts: Markel American Insurance Co. has introduced a collector vehicle insurance …
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. Health Club Nuts & Bolts: Sports & Fitness Insurance is a national underwriting facility specializing …
States aim to prevent residential fires by requiring ‘fire safe’ cigarettes Movies — think Lauren Bacall and Humphrey Bogart in “The Big Sleep” — often make cigarette smoking look glamorous. Of course, in reality, the practice is anything but. In …
Berkshire Hathaway, Swiss Re Berkshire Hathaway has acquired a 3 percent stake in Swiss Re. Swiss Re has also entered into a reinsurance contract with Berkshire Hathaway which will give it a share of Swiss Re’s property/casualty business. Swiss Re …
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. Collector Vehicles Nuts & Bolts: Markel American Insurance Co. has introduced a collector vehicle insurance …
