Horse-drawn carts rescued residents from flood-stricken districts in the Indonesian capital on Monday after rain burst riverbanks throughout the city, killing at least 25 people and forcing some 340,000 people from their homes. Brighter skies brought relief to some districts …
A.M. Best Co. has affirmed the financial strength rating of “B++” (Good) and the issuer credit rating of “bbb” of Egypt’s Al Mohandes Insurance Company with a stable outlook. Subsequently, Best said it had “withdrawn the rating in response to …
A.M. Best Co. has upgraded the financial strength ratings (FSR) to “A+” (Superior) from “A” (Excellent) and the issuer credit ratings (ICR) to “aa” from “a” of Employers Reinsurance Corporation, Westport Insurance Corporation and First Specialty Insurance Corporation, the principal …
Bermuda’s RenaissanceRe Holdings Ltd. will release its fourth quarter and full year 2006 financial results following the close of market on Tuesday, February 6, 2007. The Company will conduct an investment community conference call on Wednesday, February 7, 2007 at …
The Utah Insurance Department has announced a 114.3 percent increase in the number of licensed captive insurers in 2006. As of Dec. 31, 2006, assets of Utah Captive Insurance Companies totaled approximately $41.4 million, capital and surplus of $9.6 million …
Georgia state Rep. Ed Setzler says he’s seen a glimpse into the future — and he doesn’t like all he sees. The Acworth Republican has introduced a bill aimed at outlawing genetic profiling in Georgia by banning businesses, government agencies …
Gov. Arnold Schwarzenegger has asked the U.S. Secretary of Agriculture to designate Marin County, Calif., a disaster area because of freezing temperatures in mid-January. “Though the full effect of the freezing temperatures may not be realized until a later time, …
The Roman Catholic Archdiocese of Portland, Ore., can expect nearly $52 million in insurance money after a federal bankruptcy judge approved the first step in the proposed reorganization plan for the church. The archdiocese can now sell its insurance coverage …
Residents of the three areas flooded worst by Hurricane Katrina can sue the Army Corps of Engineers over claims that a poorly designed navigation channel caused catastrophic flooding during Hurricane Katrina, a federal judge ruled. The Corps and federal government …
The federal government approved public disaster assistance for 18 more Oklahoma counties on Feb. 2, a day after Gov. Brad Henry expressed frustration over its refusal to qualify all 23 counties he sought disaster declarations for following devastating ice storms …