Monthly Archives: <span>April 2005</span>

Best Comments on Rating for Island Heritage

A.M. Best Co. has commented that the financial strength rating of A- (Excellent) of Island Heritage Insurance Company Ltd. (Island Heritage) (Cayman Islands) remains unchanged following the recent announcement that ACE Bermuda Insurance Ltd. (ACE Bermuda), a member of the …

Task Force Makes Arrest in Pa. Church Fire; More than 25 Fires Being Investigated

Mark Potter, special agent in charge of the Philadelphia Field Division of the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), and Stephen Cooper, chief of the Connellsville Police Department, recently announced the arrest of Harry Collins on state charges …

ATF Director, IAAI President Note New Online Learning Program for Fire Investigators

Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) Director Carl Truscott and Michael Schlatman, president of the International Association of Arson Investigators, announced the launch of a new online learning program for fire investigators called CFITrainer.net. CFITrainer.net will provide affordable …

N.M. Gov. Takes Action to Protect Communities From Possible Flooding Due to Spring Runoffs

New Mexico Gov. Bill Richardson has signed an Executive Order declaring an emergency across the state as reservoirs, rivers, and streams fill with the highest spring runoff levels in nearly three decades. “We’re taking action now to save precious time …

NTSB to Reveal Factual Reports in Norway Cruise Ship Boiler Explosion in Miami

As part of its continuing investigation into the boiler explosion aboard the Norwegian Cruise Line vessel NORWAY while moored in Port of Miami in Miami, Florida, the National Transportation Safety Board will open a public docket and release a series …

Best Affirms Ratings for The Egyptian Reinsurance Co.

A.M. Best Co. has affirmed the financial strength rating of B++ (Very Good) and the issuer credit rating of “bbb” of The Egyptian Reinsurance Company (Egypt Re) (Egypt). The outlook for both ratings is stable. The ratings reflect Egypt Re’s …

I.I.I. Warns Potential Homeowners to Think About Insurance, Upkeep Before Purchasing

Warmer temperatures don’t just cause spring fever. They herald in the beginning of the annual home shopping season. With more people looking at homes now than at any other time of the year, consumers need to make sure they ask …

Allstate CEO Looks at Industry’s Ability to Withstand a Major Catastrophe

In a speech to business leaders Tuesday at Town Hall Los Angeles, The Allstate Corporation Chairman, President and Chief Executive Officer Ed Liddy called for greater public and private sector dialogue toward protecting consumers in the wake of natural disaster, …

SeaBright Insurance Holdings Pleased with Q1 Numbers

Seattle-based SeaBright Insurance Holdings Inc. announced results for the first quarter ended March 31, 2005. For the first quarter of 2005, net income was $2.7 million or $0.18 per share on a diluted basis. For three months ended March 31, …

AIR Worldwide to Offer Terrorism Modeling Capabilities at DOHS Event in Boston

AIR Worldwide Corporation (AIR) has been selected to present its approach to terrorism risk modeling at a conference sponsored by the Department of Homeland Security. AIR will explain how the insurance industry and government organizations are using catastrophe risk models …