World Trade Center News

Grabbing the Headlines in 2002

Who made the most “news” as opposed to the most “noise” in 2002? There were lots of candidates, but the ones we’ve selected usually made news because they faced problems or took initiatives that weren’t unique to their own experience, …

They Did It Their Way

When you’re compiling a list of top 10’s, there is always the fear of leaving someone off, admitting someone who maybe does not deserve the billing or having the players out of order of importance. Believe me, those thoughts crossed …

Grabbing the Headlines in 2002

Who made the most “news” as opposed to the most “noise” in 2002? There were lots of candidates, but the ones we’ve selected usually made news because they faced problems or took initiatives that weren’t unique to their own experience, …

Employers Mutual Casualty Affirmed

S&P’s Ratings affirmed its ‘BBBpi’ counterparty credit and financial strength ratings on Employers Mutual Casualty Co. and related pool members (collectively referred to as EMC) based on the companies’ improving operating performance, partially offset by declining capitalization and high common …

New Orleans Cop Indicted in Workers’ Comp Case

A New Orleans police officer who allegedly schemed to collect unauthorized workers’ compensation payments for eight months last year was charged with 18 counts of mail fraud. According to the New Orleans Times Picayune the officer, David Dotson, was also …

S&P’s Lowers ERC Ratings to ‘AA-‘

Standard & Poor’s has lowered its counterparty credit and financial strength ratings on Employers Reinsurance Corp. and its wholly owned subsidiaries (collectively referred to as ERC) to ‘AA-‘ from ‘AA+’ because of the serious deterioration in ERC’s operating performance. Standard …

ISO Develops New Commercial Policy Forms, Rating Information for Terror Backstop Law

Insurance Services Office, Inc. (ISO) will file commercial lines policy forms and rating information in response to the Terrorism Risk Insurance Act of 2002 passed by Congress. The law provides financial backing by the federal government for insurance losses certified …

Aon’s ‘Running to Remember’ Raises Money for 9-11 Victims

Aon Corp. announced that company employees who participated in the October 13 Chicago Marathon and the November 3 New York Marathon to support the Aon Memorial Education Fund had raised over $190,000. “Over 120 runners from the US, Canada, Netherlands …

Royal & Sun to Restructure U.S. Operations

The U.K.’s Royal & SunAlliance Group recently announced its nine-month results and at the same time revealed plans to significantly restructure it’s operations. Royal & SunAlliance USA (R&SA USA) will be split into two operating groups and will exit several …

S&P Affirms Employers Mutual Casualty Co ‘BBBpi’ Ratings

Standard & Poor’s Ratings Services announced that it has affirmed its ‘BBBpi’ (the ‘pi’ indicates the ratings are based on “public information”) counterparty credit and financial strength ratings on Des Moines, Iowa-based Employers Mutual Casualty Co. and related pool members …