A Louisiana state judge has ruled that an insurance company cannot use the so-called “absolute pollution exclusion” to deny its corporate policyholder coverage for claims alleging that bodily injury was caused by workplace exposure to a hazardous substance, according to …
The governor has asked for a presidential disaster declaration for homes and businesses in a dozen South Dakota counties hit by storms and flooding May 4-5. If approved, it would free up programs that include Federal Emergency Management Agency grants …
A Hampton, N.H. woman who delivered a stillborn baby hours after a crash two years ago is suing the other driver. Kelly Marie was eight months pregnant when a pickup truck sideswiped her car. She delivered the baby girl three …
Most people say their families and local emergency agencies are ready for the next natural disaster, but the federal government is not. Women and minorities are less confident on both counts. A poll on the subject was released this week, …
An arson task force is investigating a string of six fires that have broken out in the seaport city of Newport, R.I. since May, three of them in just the past week. On Sunday, fires that started within a few …
Standard & Poor’s Ratings Services has assigned its “BBB-” preferred stock rating to Delphi Financial Group Inc.’s proposed $150 million, junior subordinated deferrable interest debentures with a scheduled maturity in 2037 and a final maturity in 2067. A.M. Best Co. …
A.M. Best Co. has affirmed the financial strength rating of “B+” (Good) and the issuer credit rating of “bbb-” of Inter-Industry Insurance Company Limited (III), headquartered on the Isle of Man, and its wholly owned subsidiary, Insurco Ltd. with stable …
Standard & Poor’s Ratings Services has lowered its counterparty credit rating on AmWINS Group Inc. to “B-” from “B” as a result of the company’s proposed $435 million refinancing. S&P also lowered its senior secured debt rating to “B-” from …
Standard & Poor’s Ratings Services has assigned its “A+” long-term counterparty credit and insurer financial strength ratings to Bermuda-based marine insurer Gard P&I (Bermuda) Ltd. with a stable outlook. “The ratings reflect the company’s core status to the Gard group, …
Bermuda-based Validus Holdings, Ltd. has entered into a share sale agreement to acquire all of the outstanding shares of Talbot Holdings Ltd. from the institutional investors, employees and management who currently own them. Talbot is a privately owned Bermuda-based company, …