A.M. Best Co. has affirmed the financial strength rating (FSR) of “A+” (Superior) and the issuer credit rating (ICR) of “aa-” of Germany’s Munich Reinsurance Company and its rated subsidiaries. Best also affirmed the “a” ratings of the €1.5 billion …
A western massachusetts family that claimed author Augusten Burroughs defamed them in his best-selling book “Running with Scissors” has settled a lawsuit against the author and his publisher, according to the family’s attorney. Burroughs and his publisher, St. Martin’s Press, …
Heavy rain and high winds from the remnants of Tropical Storm Erin moved through Oklahoma early on Aug. 19 , flooding homes and roads and leading to power outages. More than five inches of rain fell in some areas of …
A West Virginia agency was warned three years ago that a Charleston food warehouse whose roof collapsed last month posed a safety threat. A 2004 audit by the U.S. Department of Agriculture advised state Department of Agriculture officials to build …
Dublin-based Research and Markets announced the addition of “Opportunities in Middle East Insurance Market” to their offering. The report is designed to “help clients to analyze the leading-edge opportunities critical to the success of the insurance industry in the region,” …
Swiss Re announced that it has obtained $100 million of protection against earthquake risk in Turkey, Greece, Israel, Portugal and Cyprus through a securitization – the first time the capital markets have been tapped to cover this type of risk …
Dutch insurer and financial services provider Eureko B.V., announced that it intends to sell up to 44 million ordinary shares in F&C Asset Management plc. Eureko’s holding is currently approximately 19.6 percent; the sale involves around 9.1 percent of F&C’s …
AXA’s CEO Henri de Castries announced that the Paris-based financial services and insurance Group’s revenues had “increased by 34 percent in the first quarter of the year.” AXA profited, not only from organic growth in its three main activities – …
Testifying before the United States Senate Committee on Commerce, Science and Transportation on April 11, Arkansas Insurance Commissioner Julie Benafield Bowman, told lawmakers that insurance regulators have the dual responsibility of ensuring the solvency of insurance companies, and making sure …
Testifying before the United States Senate Committee on Commerce, Science and Transportation on April 11, Arkansas Insurance Commissioner Julie Benafield Bowman, told lawmakers that insurance regulators have the dual responsibility of ensuring the solvency of insurance companies, and making sure …
