XL Capital Ltd. announced that Clive R. Tobin will retire effective April 1, 2008 from his role as Chief Executive of the Company’s Insurance Operations. He will continue to assist XL with strategic opportunities in emerging markets. David B. Duclos, …
Standard & Poor’s Ratings Services has affirmed its ‘BBB’ counterparty credit and senior debt ratings on Bermuda-based Allied World Assurance Co. Holdings Ltd. and affirmed its ‘A-‘ counterparty credit and financial strength ratings on Allied World’s operating subsidiaries with a …
Standard & Poor’s Ratings Services has revised its outlook on San Diego, Calif.-based Arrowhead General Insurance Agency Inc. to negative from stable. At the same time S&P affirmed its ‘B’ counterparty credit rating on Arrowhead as well as its ‘B’ …
New research on the link between the formation of hurricanes in the Atlantic basin and U.S. landfall activity suggests that using Atlantic basin hurricane activity as a proxy for landfall activity can lead to erroneous estimates of both landfall risk …
A South Carolina company that made contaminated pet food that killed dozens of dogs nationwide will pay $3.1 million in a settlement with pet owners, an attorney said last week. The pet food, which contained a mold called aflatoxin, was …
An elderly man from New Jersey died after being crushed beneath his own car while trying to maneuver around a shopping cart. Eighty-one-year-old William Peters had the door of his 2000 Mercury open as he was trying to back up …
Billionaire investor Warren Buffett has long been revered in the business world, but his importance at a trial involving the world’s largest insurer is hotly contested. The trial starts today in federal court in Hartford for four former executives of …
Swett & Crawford appointed Meredith Dyson as a senior vice president. Dyson, who will assist the company with its marketing efforts and other related activities, will be based in New York. Most recently, Dyson was with Mercator Risk Services Inc. …
Officials in western Kentucky now say arson is to blame for the fire last week that nearly destroyed the Carlisle County Courthouse. The investigation is still under way. The fire started early on the morning of Dec. 26. No one …
An Arkansas legislative committee has put off a review of the state’s building code after lawmakers questioned costs related to making structures withstand earthquakes that come once every 2,500 years. Firefighters and others support the new regulations to the Arkansas …