Standard & Poor’s Ratings Services has placed its ‘BBB-‘ counterparty credit rating on Max Capital Group Ltd. on CreditWatch with positive implications following the company’s announcement that it will merge with IPC Holdings Ltd., a leading provider of property catastrophe …
Associated Agencies Inc. named Max “Skip” Schrayer as president of Associated Agencies Inc. Schrayer also serves as president of Auto and Home Insurance Agency. As president of these two companies, he oversees every aspect of commercial and personal insurance for …
The U.S. government may agree to finance the purchase of some American International Group Inc businesses and take direct stakes in others, a person familiar with the matter said Thursday. The wide range of options under discussion between the insurer …
A northern Wisconsin excavating company purposely risked workers to potential trench cave-ins and was cited for safety violations that carry nearly $700,000 in fines, the U.S. Occupational Safety and Health Administration said. A-1 Excavating Inc. of Bloomer received 11 citations …
In 2004, a football-sized piece of concrete fell from a bridge and crashed through Yvonna Osborn’s windshield while she was driving home on Interstate 35 in Oklahoma. The 52-year-old Irving, Texas, mother of two died of massive head injuries and …
Toronto-based Kingsway Financial Services Inc. said Friday its quarterly loss came in even deeper than it had estimated a week ago, leading the company to chop its dividend and sending its shares 15 percent lower. The loss — three times …
Minorities Destined to Become Majority by Mid-Century Before the 21st century reaches the half-way mark, more than 50 percent of the population of the United States will be represented by a vast cultural mix of people considered to be “minorities,” …
Chicago is hoping its financial strength will help it win the 2016 Olympic Games. Organizers, led by a well-known Chicago insurance executive, have incorporated into their bid what they say is a $1 billion safety net if the games exceed …
Gov. Jay Nixon has picked a Swiss Re insurance claims executive to lead the Missouri insurance department. John Huff, a Missouri native, has worked since July 2008 at the Zurich headquarters of Swiss Re, one of the world’s larger reinsurance …
Hazard mortality is most prominent in the South, where most people are killed by severe weather, such as tornadoes. University of South Carolina geographers have produced a map of natural-hazard mortality that gives a county-level representation of the likelihood of …
