A former Frederick County Sheriff’s Deputy will avoid jail time for setting fire to his girlfriend’s sport utility vehicle in alleged insurance scheme. Thirty-eight-year-old Theodore Randolph Dorsey of Knoxville, Md. was given a suspended sentence Wednesday for his conviction on …
A former United Airlines flight attendant has settled a suit claiming she was wrongfully fired after close friends and colleagues were killed on a jet hijacked during the September 11 terrorist attacks. Deborah Jackson said she felt extreme guilt, grief …
Defying White House veto threats, the Democratic-controlled House this week passed sweeping mine safety legislation aimed at preventing future underground disasters like the one that took nine lives last year at Crandall Canyon mine in Utah. Republican and mining industry …
A.M. Best Co. indicated that its issuer credit rating (ICR) of “a-” of PartnerRe Ltd. and the financial strength rating of ‘A+’ (Superior) and ICR of “aa-” of PartnerRe Group (Hamilton, Bermuda) and its members, “are unchanged following PartnerRe’s recent …
PartnerRe Ltd. joined its Bermuda neighbor RenaissanceRe in announcing that it “expects to record a non-operating charge of $74 million to write-down its total investment in Channel Re.” PartnerRe has a 20 percent equity interest in Channel Re, a privately …
Both A.M. Best Co. and Standard & Poor’s Ratings Services have released statements that they see no immediate changes in their respective ratings on RenaissanceRe, following yesterday’s announcement that the Bermuda-based reinsurer would essentially write off its entire investment in …
In its latest energy review, Willis warns that “sharp increases in the price of oil, steel, building materials and contractor day rates have resulted in significantly increased exposures to energy insurers.” Even though loss levels in the energy insurance sector …
Paul Davis Restoration of Greater Houston expanded its franchise territory to include all of Harris County and Montgomery County. Paul Davis Restoration of North Houston and Montgomery County combined resources to operate under one franchise known as Paul Davis Restoration …
Commissioner Poizner Announces $3.5 Million Settlement with LandAmerica Corporation, $2 Million Refunded to Customers Commonwealth Land Title, Lawyers Title, and Transnation Title agree to Cease and Desist from unfair rating practices Three California title insurance companies have been ordered to …
The “Early Bird Forecast 2008” by Robert Hartwig, president, Insurance Information Institute, said the biggest potential downside risks for 2008 will be exposure to catastrophic loss. The report also represented other risks raising concern in the industry. “Many industry observers …