The Securities and Exchange Commission board has officially endorsed changes in the Sarbanes-Oxley compliance rules that will particularly benefit smaller companies. The SEC commissioners voted to allow more flexibility in the rules, particularly the guidelines developed by the independent board …
In response to Congressional legislation intended to combat the growing problem of organized retail theft, the FBI has worked with the National Retail Federation (NRF) and the Retail Industry Leader’s Association (RILA) to create the Law Enforcement Retail Partnership Network …
A train derailment that ignited a large, toxic blaze that forced residents near Louisville, Kentucky from their homes for days was caused by a broken bolt, the rail company said this week. The National Transportation Safety Board has the final …
A hurricane forecaster this week predicted a turbulent season this year, including a good chance one will hit the coast, but forgive South Carolina’s Huiet Paul if he was unimpressed. “Only the good Lord knows and he’s not telling anybody,” …
The Chubb Group of Insurance Companies says it was recently the subject of some “confusing media reports about the company’s willingness to insure blogs” originated by law firms. According to James L. Rhyner, worldwide lawyers professional manager for Chubb Specialty …
A.M. Best Co. has assigned a financial strength rating of “B++” (Good) and an issuer credit rating of “bbb” to Germany’s Delvag Luftfahrtversicherungs-AG, and its subsidiary, Delvag Rueckversicherungs-AG (Delvag Rueck). All the ratings have a stable outlook. “The ratings of …
A.M. Best Co. has assigned a rating of “a+” to the £500 million ($986.5 million) perpetual step up-loan notes issued by ELM B.V., which it described as a “bankruptcy remote repackaging vehicle based in the Netherlands.” The notes are also …
Canceled insurance policies and skyrocketing rates plaguing the state since the active hurricane seasons of 2004 and 2005 are a premonition of Florida’s future under a warming climate, an insurance expert told the state Cabinet on Tuesday. Rising sea levels, …
A Vero Beach couple have been arrested for allegedly providing false mold laboratory test results to customers of their mold remediation company. Following an investigation by the Department of Financial Services, Division of Insurance Fraud, Lisa Lynn Bock, 42, and …
Palmer Canyon, Calif., residents who blamed the city for homes burned in the 2003 Grand Prix wildfire have settled their lawsuit for $17.5 million, city officials announced. Homeowners claimed the city failed to properly clear brush on its nearby land, …