A Benton County, Ark., man has sued his former employer, claiming that he was fired for not attending a specific church as ordered by his boss. Clifford D. Randel filed the lawsuit in Benton County Circuit Court against Allied Plumbing …
Police closed a downtown street last week after finding a suspicious powder in the restroom of an insurance company. Police determined the powder, found in a small plastic bag, was an illegal drug. “We tested it with our equipment and …
Tennessee House Judiciary Chairman Rob Briley has backed off his earlier threat to scuttle a proposed legislative compromise on medical malpractice lawsuits. The Senate Judiciary Committee last week advanced the medical malpractice bill to a full Senate vote. The proposal …
A New Jersey-based insurance company has sued the bankrupt bottled water maker Le-Nature’s Inc. and its former CEO, alleging that the executive lied in an application for a policy meant to protect him from legal costs. Federal Insurance Co. filed …
President Bush has authorized additional relief for Georgia communities hit by tornadoes and severe storms earlier this month, saying the federal government would pick up the full tab for debris removal and other eligible expenses instead of requiring a local …
A.M. Best Co. announced that it has reviewed all of its ratings on a number of Lloyd’s Syndicates, following the affirmation of Lloyd’s financial strength rating (FSR) of “A” (Excellent) and issuer credit rating (ICR) of “a” (See IJ web …
Concurrent with its rating announcements concerning the Catlin Group (See related article), A.M. Best Co. affirmed its Syndicate Rating of “A” (Excellent) and the issuer credit rating (ICR) of “a” of Lloyd’s Syndicate 2003, which is managed by Catlin Underwriting …
A.M. Best Co. has affirmed the financial strength ratings of “A” (Excellent) and the issuer credit ratings of “a” of Bermuda-based Catlin Insurance Company Ltd. (CICL) and the UK-based Catlin Insurance Company (UK) Ltd. (Catlin UK). Best also affirmed the …
Aon Re Global’s analysis of reinsurance rates found premiums for “personal lines, standard commercial lines and complex commercial lines,” are “likely to be flat to lower during mid-year renewals of property catastrophe reinsurance programs.” Aon Re even found evidence of …
Bermuda-based Flagstone Reinsurance Holdings Limited launched its initial public offering on the New York Stock Exchange (symbol FSR) on Friday, March 30, putting up 13,000,000 common shares, at a price of $13.50 per share. The shares traded in a narrow …