A.M. Best said that its ratings on Accident Fund Group of Lansing Mich. and its subsidiaries “remain unchanged following the recent announcement that Accident Fund Insurance Company of America will be acquiring CWI Holdings, Inc. and its subsidiaries.” Best noted …
A.M. Best Co. has affirmed the financial strength rating of “A” (Excellent) and the issuer credit rating of “a” of Italy’s Societa Cattolica di Assicurazione – Societa CooperativaBest also removed the ratings from under review and assigned a negative outlook. …
The owners of a nursing home in St. Francisville, La., where 35 patients died after Hurricane Katrina were acquitted Sept. 7 of negligent homicide and cruelty charges for not evacuating the facility as the storm approached. The jury took about …
Data collected from residents in tornado-ravaged Northwood, N.D., show about $3.5 million in uninsured losses, Gov. John Hoeven’s office says. Hoeven and members of North Dakota’s congressional delegation have been pushing the Federal Emergency Management Agency to grant individual assistance …
Former Oklahoma Insurance Commissioner Carroll Fisher on Sept. 7 lost his appeal on a conviction for perjury and embezzlement. He now faces the possibility of three years in prison. The Oklahoma Court of Criminal Appeals ruled unanimously in upholding Fisher’s …
Officer David Callister was about to drive past the 1991 Nissan sedan when an alert sounded inside his cruiser and an image of a license plate flashed on his laptop. It was a signal that the run-of-the-mill clunker was stolen. …
Tropical Storm Gabrielle began to shower North Carolina’s Outer Banks with rain and batter them with high winds Sunday as the storm slogged slowly toward the coast. Forecasters expected the storm to increase its wind speed slightly – though not …
Jury selection begins this week in the $10 million sexual harassment lawsuit against New York Knicks president Isiah Thomas, who is accused of improper behavior involving a since-fired team executive. Anucha Browne Sanders, a former Northwestern basketball star, is seeking …
Standard & Poor’s Rating Services has issued a series of reports on the global reinsurance industry, timed to appear as the annual Reinsurance Rendezvous opens its doors in Monte Carlo. The meeting, which features three days of talking, networking, deal …
A.M. Best Co. has affirmed the financial strength rating (FSR) of “A+” (Superior) and the issuer credit rating (ICR) of “aa-” of Germany’s Munich Reinsurance Company and its rated subsidiaries. Best also affirmed the “a” ratings of the €1.5 billion …