Ken Livingstone, London’s high-profile mayor, told interviewers on BBC Radio 4 that threats from terrorist attacks in the U.K.’s capital persist, but are largely disorganized. He noted that the July 7 “attackers were all homegrown,” and, taking issue with Prime …
A.M. Best Co. announced that it has affirmed the financial strength ratings (FSR) of A- (Excellent) and issuer credit ratings (ICR) of “a-” of Bermuda-based Quanta Reinsurance Ltd. (Quanta Re) and its subsidiaries. Best said all the ratings have been …
Bermuda’s PXRE Group Ltd. has given details of its $250 million collateralized transaction with Atlantic & Western Re II Limited, a Cayman Island reinsurance company. The agreement is designed to provide coverage to PXRE for second event losses arising from …
Standard & Poor’s Rating Services has issued a timely bulletin, entitled “Credit FAQ: Rating The Reinsurance Startups.” The article discusses the criteria the rating agency uses in determining the creditworthiness of new companies and related entries into the insurance marketplace. …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) of Bermuda-based Evergreen Reinsurance Company, Ltd. (ERCL) with a positive outlook. “The rating reflects ERCL’s excellent capitalization, consistently strong operating performance, and its unique role …
“Certificates of Insurance: The Second Most Dangerous Piece of Paper,” will be discussed by Bill Perkins, an instructor with the Florida Association of Insurance Agents, during a Jan. 9 continuing education class sponsored in Tampa, Fla. by the Florida SunCoast …
Pennsylvania Gov. Ed Rendell has signed a bill limiting lawsuits against the owners of horse stables. Supporters say the legislation, which goes into effect in 60 days, was crucial to protect the state’s nearly $10 billion equine industry. Pennsylvania had …
Many property owners on the Mississippi coast will get a tax break in 2005. Harrison and Jackson counties will offer a one-third reduction in assessed value on damaged or destroyed buildings, minus what is recovered from insurance. In Hancock County, …
Feds offer low-interest loans for flood damage in Conn. Received by Newsfinder from AP Dec 23, 2005 20:21 Eastern Time Federal low-interest loans are available to Connecticut businesses, nonprofit groups and residents coping with damage caused by flooding in October. …
Twenty-six state attorneys general, concerned about a federal proposal to strengthen the roofs of motor vehicles, have urged the government to abandon language that could prevent people from suing automakers. The state officials took issue with part of a proposed …