As part of its overall rating actions on France’s SCOR Group (See related article in International section), A.M. Best Co. has upgraded the financial strength rating to “A-” (Excellent) from “B++” (Very Good) and the issuer credit ratings to “a-” …
SCOR’s “Back on Track” restructuring strategy finally paid off as the French reinsurer regained its “A” rating from A.M. Best Co. The rating agency announced that it has upgraded the financial strength rating (FSR) to “A-” (Excellent) from “B++” (Very …
A hurricane warning continues for Bermuda as Florence, the sixth named storm of the season, passes near the island. The center of the storm is passing a short distance west and northwest of Bermuda this morning. At 8 am the …
The medical malpractice climate in Florida is discouraging medical students from pursuing careers in obstetrics and gynecology – a trend that could further reduce patients’ access to obstetric care, a survey by the University of South Florida College of Medicine …
Massachusetts is about to get a new auto carrier—for commercial, not personal, lines. Progressive Insurance is awaiting approval of rate and form filings from the Massachusetts Division of Insurance in preparation for selling commercial auto products beginning this fall, according …
Merck & Co.’s board of directors said last week that a 20-month investigation funded by the pharmaceutical company found that senior management acted responsibly in developing and marketing its now withdrawn pain reliever Vioxx. The 1,700-page report, which cost $21 …
A group of Mississippi lawmakers last week quizzed some makers of modular homes about the quality and construction of their products. But after hours of discussion, legislators left the Capitol without making recommendations on the policy proposal at hand — …
Although most small business owners know they need property and casualty insurance for their premises, many don’t realize they need specialized insurance coverage to limit their losses from a disaster. Perhaps the biggest omission owners make when buying a commercial …
The threat of terrorism against the United States remains chillingly lethal five years after 9/11, and officials predict another massive attack is not a matter of if — but when. Despite a government overhaul and more than $250 billion (euro196.65 …
Twenty-five Virginia localities need federal disaster declarations entitling them to government aid for damage from Tropical Depression Ernesto, Gov. Timothy M. Kaine said in a letter to President Bush. Virginia incurred an estimated $104 million in damage from the storms …