A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) and assigned an issuer credit rating of “aa-” to Italy’s largest insurer Assicurazioni Generali S.p.A. Best also affirmed the ratings of debt instruments issued or …
A.M. Best Co. commented that the financial strength rating of “A-” (Excellent) of the Bermuda-based Alea Group and its rated subsidiaries remains unaffected following the Group’s statement that it has lowered its forecast earnings for the full year 2004. “The …
Illinois Attorney General Lisa Madigan has filed a lawsuit against a Cook County man and his company for allegedly deceptively advertising for sale a religious pilgrimage to a shrine in Mexico City and then failing to purchase the tickets and …
Bermuda-based XL Capital Ltd. announced that, based on initial loss reports and preliminary estimates, it expects pre-tax net losses arising from the tsunami that struck South Asia on Dec. 26, 2004, of approximately $75 million. Approximately two-thirds of these estimated …
The Ohio Bureau of Workers’ Compensation (BWC) announced this week that workplace injuries have been reduced by 30 percent since fiscal year 1997, according to the results of a recent study conducted by the bureau. In fiscal year 2004, there …
Four Massachusetts men from Newton, Shrewsbury, Marblehead and Gloucester were charged this week in federal court with fraud and money laundering in connection with false billings to insurance companies for medical tests. United States Attorney Michael Sullivan; Kenneth Kaiser, Special …
The National Highway Traffic Safety Administration (NHTSA) recently obtained civil penalties in 2004 totaling almost $10.2 million, the agency announced. The fines cover a variety of violations by manufacturers, equipment suppliers, registered importers and vehicle customizers. Two manufacturers – Porsche …
GE Power Systems Composites LLC has earned membership in the “Star” Voluntary Protection Program (VPP) of the U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA), and was recently honored at a recognition ceremony held at the company’s headquarters …
Rain, thunderstorms, heavy snow and high winds can leave a trail of destruction, as evidenced in the violent storms recently experienced throughout Nevada, damaging hundreds of homes, businesses and cars. The Department of Business and Industry Division of Insurance is …
On Aug. 16, 2004, the first of many Disaster Recovery Centers (DRCs) to open across Florida began helping victims in Port Charlotte, three days after Hurricane Charley struck the area. Sometime during the day on Jan. 12, 2005 – five …