Toronto-based Kingsway Financial Services Inc. announced financial results for the quarter and year ended Dec. 31, 2004, and the declaration of an initial quarterly dividend of 5 cents per share. For the fourth quarter net income increased 102% to a …
Pirates preying on shipping were more violent than ever in 2004 and murdered a total of 30 crew members, compared with 21 in 2003, the ICC International Maritime Bureau reported in its annual piracy report for 2004. The number of …
Fitch Ratings has placed several ratings of XL Capital Ltd (XL) on Rating Watch Negative, including XL’s ‘A’ long term issuer rating, and the ‘AA’ insurer financial strength rating of lead (re)insurance companies XL Insurance (Bermuda) Ltd. and XL Re …
In the last several years, insurance companies have undertaken various cost-cutting measures in an effort to improve the bottom line. However, with cost-cutting efforts now reaching their fullest potential, new ways to streamline claim processes, improve business workflow, and increase …
A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) of Commerce Group Inc. (Webster, Mass.). The rating applies to the lead company, The Commerce Insurance Company (Webster) and its three other inter-company pool members. Concurrently, A.M. Best …
The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has cited Cherry Valley Furniture Inc. for failing to correct safety and health hazards previously identified at its Richwood, W.Va. site. The custom-made office furniture company employs 20 workers. …
A safer and more healthful workplace is reportedly on the horizon for workers in airport operating areas thanks to a new Alliance signed with the Occupational Safety and Health Administration (OSHA). The National Air Transportation Association’s Airline Services Council (NATA-ASC) …
California-based 21st Century Insurance Group announced that Fitch Ratings upgraded its insurer financial strength (IFS) ratings on 21st Century Insurance Company and its affiliated insurers to ‘A+’ from ‘A’. Fitch Ratings also upgraded its long-term issuer rating on 21st Century …
Tired of seeing underage drivers killed as a result of joyriding with their friends, Oklahoma State Rep. Danny Morgan announced legislation to create a new graduated driver’s license for teenagers. Morgan said he patterned the bill after similar measures that …
Texas Attorney General Greg Abbott announced his support of legislation filed by U.S. Sen. John Cornyn, R-Texas, that would stop corporations like Enron from exploiting a loophole by filing bankruptcy in federal courts far from their headquarters. The Fairness in …