The head of the U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) announced that federal disaster funds have been made available for Idaho to help communities in Nez Perce County recover from the effects of drenching rains that …
Following the devastation of the 2004 hurricane season, more than $320 million has been set aside to date for the Hazard Mitigation Grant Program (HMGP) offered by the Department of Homeland Security’s Federal Emergency Management Agency (FEMA) and administered by …
Approximately U.S.$22.9 billion in damages were experienced by business and residential property owners in 16 states and Puerto Rico from Hurricanes Charley, Frances, Ivan and Jeanne(a) during 2004, but the majority of commercial losses could have reportedly been avoided had …
London’s transport services remain closed following this morning’s series of bomb explosions. Latest reports indicate that 4, and not 7, closely timed explosions have killed at least 37 persons and injured more than 700, many of whom are in critical …
As expected, tropical storm Dennis became Hurricane Dennis yesterday, July 6, when wind speeds exceeded 72 mph (115 km/hr). The storm is currently a category 1 hurricane packing maximum sustained winds near 85 mph (140 km/hr) with higher gusts. Miami’s …
A.M. Best Co. announced that it has upgraded the financial strength rating to “A” (Excellent) from “A-” (Excellent) and the issuer credit rating to “a” from “a-” of AXA Re (France), AXA Re Asia Pacific Pte. Ltd. (Singapore) and CGRM …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) and the issuer credit rating (ICR) of “a” of the U.K.’s Brit Insurance Limited (BIL). Best also affirmed the ICR of “bbb” of Brit Insurance …
A.M. Best Co. announced that it has affirmed the financial strength rating of “B++” (Very Good) and assigned an issuer credit rating of “bbb” to Cyprus-based Alliance International Reinsurance Public Company Limited. The outlook for both ratings is stable. Best …
A South Carolina Department of Transportation (DOT) official recently commended the South Carolina Chapter of the American Society of Safety Engineers (ASSE) for its ongoing efforts to help secure passage of the new primary seat belt law. In the June …
Computer Sciences Corporation announced that Ohio Mutual Insurance Group has achieved processing improvements since implementing CSC’s property and casualty (P/C) insurance software. Last year, Ohio Mutual replaced its legacy system with CSC’s POINT IN Policy Administration and Advanced Claims components. …