Tropical Storm Fay made a record four landfalls on the northern Gulf Coast last month, drenching and damaging communities, crops, homes and businesses across the Florida peninsula. Gov. Charlie Crist received a major disaster declaration from President Bush. The federal …
In a report issued Aug. 17, ReAdvisory, a modeling and risk assessment service of reinsurer Carvill America Inc., said Tropical Storm Fay became the sixth named storm of the 2008 hurricane season early on the evening of Aug. 15. Fay …
The wife of a man who faked his own drowning death in a 250,000-pound (US $500,000) insurance scam was convicted of fraud in Britain this week. A jury found Anne Darwin guilty of six counts of fraud and nine counts …
John and Anne Darwin were in trouble. Of that there is no doubt. But their plan for putting things right went extraordinarily wrong. Swamped by money problems and facing ruin, John Darwin cooked up a novel scheme early in 2002. …
The wife of a British man who faked his own death played a crucial role in his attempt to fool officials, defraud insurance companies and even deceive their own children, a prosecutor said this week. Anne Darwin was a full …
A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A-‘ (Excellent) from ‘B++’ (Good) and issuer credit rating (ICR) to “a-” from “bbb” of Safe Insurance Company of Huntington, W.Va. with stable outlooks. “The ratings reflect Safe’s strong …
Not to be outdone by it French competitor (See related article), Transatlantic Reinsurance Company (TRC), a wholly-owned subsidiary of Transatlantic Holdings, Inc., has recently applied to Brazil’s regulatory authorities to act as an admitted reinsurer in the Brazilian reinsurance market. …
The main management consultant and contractor on Boston’s $15 billion Central Artery/Tunnel Project (Big Dig) has agreed to pay more than $407 million to resolve civil and criminal liabilities in connection with the partial ceiling collapse and other defects in …
Richard Schneider, an 11-year veteran of Swiss Re, has been appointed Office Head of Swiss Brokers Mexico. He succeeds Carlos Boelsterli, who has assumed the role of Head of Client Management for Latin America. Schneider is located in Mexico City …
Flagstone Reinsurance Holdings Limited announced that Miguel Barrales has been appointed CEO of Flagstone Underwriters Latin America Ltd. A.I. He joins Flagstone from Swiss Re where he was Vice President, Client Management for P/C and Life & Health Reinsurance business, …
