A.M. Best Co. has commented that the financial strength rating of B++ (Very Good) and issuer credit rating of “bbb+” of Converium AG (Switzerland) and all its debt ratings remain unaffected following Tuesday’s publication of the company’s 2004 results. The …
United States Attorney Paul Perez, Robert Cromwell, Special Agent in Charge of the Federal Bureau of Investigation (FBI) and Tom Gallagher, Florida’s Chief Financial Officer, recently announced the unsealing of an indictment charging a local Jacksonville businessman with insurance fraud …
Florida’s Chief Financial Officer Tom Gallagher this week announced dates and locations for town hall meetings to assist Floridians still recovering from last year’s hurricanes. The first meeting will be held this Wednesday (March 2) in Pensacola at the Pensacola …
New Jersey-based GAB Robins announced that Joseph Zubretsky, president and CEO of the GAB Robins Group of Companies, has resigned from the company effective March 15. Zubretsky will be joining UnumProvident Corporation as senior executive vice president and will retain …
About 11,000 people would die and Japan as a whole would suffer about $1.06 trillion in economic damage if a major earthquake were to strike Tokyo, a government disaster prevention panel said. The panel made its estimates based on the …
More than 300,000 people died in natural and man-made catastrophes in 2004 — the tsunami in the Indian Ocean alone left 280,000 dead or missing. According to the latest study by Swiss Re, catastrophes caused insured losses totalling $49 billion …
A Pennsylvania congresswoman wants more oversight of the federal flood insurance program, saying local victims were shortchanged last year. Rep. Melissa Hart, R-Pa., has joined representatives from Maryland, Virginia, Florida, North Carolina and South Carolina to criticize the National Flood …