The contractors professional liability insurance market is growing, but many contractors who have a professional exposure are not buying coverage, according to a new survey by Ames & Gough, based in Washington, D.C. Most insurers offering contractors professional liability feel …
Attorney General Patrick Lynch has asked a state judge to allow public access to key evidence collected during the investigation and prosecution of the deadly Station nightclub fire. Lynch filed a motion with Superior Court Francis J. Darigan Jr. to …
A.M. Best Co. has assigned a rating of “bbb” to the $30 million floating rate subordinated bonds, issued by the U.K.-based Kiln plc with a stable outlook. Best noted: “The proceeds of this issue will be used to increase Kiln’s …
Fitch Ratings has upgraded France’s SCOR Group insurer financial strength (IFS) and issuer default (IDR) ratings to “A-” from “BBB+” and SCOR S.A’s senior unsecured rating to “A-” from “BBB+”. Fitch also removed the ratings from its “Rating Watch Positive” …
Investors who bet against the odds of another devastating Atlantic hurricane season now stand to cash in big-time on “catastrophe bonds.” Contrary to expert predictions, the season turned out to be the mildest in years. Insurance companies sell the bonds, …
Fitch Ratings announced that it has affirmed the ratings of Fairfax Financial Holdings Limited, Odyssey Re Holdings Corp. and its insurance subsidiaries (Odyssey Re), and TIG Holdings Inc. Fitch also has removed all of the ratings from its “Rating Watch …
A.M. Best Co. has affirmed the financial strength rating of “A-” (Excellent) of Sunderland Marine Mutual Insurance Company Limited (SMMI) and assigned an issuer credit rating of “a-“. The outlook for both ratings is stable. Best’s said that in its …
Insurers and municipalities in Michigan are squaring off over who should pay for rescue and cleanup crews and heavy equipment used in certain car crashes, and the result could be higher insurance rates for motorists. The dispute centers over whether …
A Zachary, La., man has been sentenced on fraud charges related to a hurricane relief program. Terry Watson, 40, was sentenced to two years probation, a $250 fine, $2,000 in restitution and 50 hours of community service. Watson pleaded guilty …
Kids’ Chance of Arkansas Inc. is revising the 2007 application for its annual scholarships, the Arkansas Workers’ Compensation Commission reported. The application will be available online by mid-January. These applications and any required supporting documentation may be submitted to Kids’ …