Addressing rollover safety, the government last week proposed that new cars and trucks undergo new tests to measure the strength of their roofs. With more than 10,000 people dying every year in rollovers, transportation officials modified a plan first issued …
A high-ranking attorney for General Electric Co. can go ahead with her class-action lawsuit against what she calls the “very male-dominated culture” in the international conglomerate, a federal judge has ruled. U.S. District Judge Peter Dorsey last week rejected a …
New York authorities are suing 26 banks and two accounting firms that did business with Countrywide Financial Corp., saying the companies failed to ensure the beleaguered mortgage company was being honest with investors. The banks and accounting firms were added …
Fitch Ratings announced that it has downgraded the following ratings on Security Capital Assurance Ltd. (SCA) and its financial guaranty insurance subsidiaries: XL Capital Assurance Inc. (XLCA) XL Capital Assurance (U.K.) Ltd. (XLCA-UK) XL Financial Assurance Ltd. (XLFA) –Insurer Financial …
A.M. Best Co. and Standard & Poor’s Ratings Services have been reexamining their ratings on the Bermuda-based XL Capital. and its subsidiaries in light of recent announcements (See IJ web site https://www.insurancejournal.com/news/international/2008/01/24/86670.htm). Their main concerns are the current financial difficulties …
Columbus, OH, Jan 28 2008 – InsuranceLeadz.com, Inc. has announced the release of their brand new comprehensive website for insurance agents. The new look is designed to allow agents to more quickly access critical information about the company and its …
A.M. Best Co. has affirmed the its Syndicate Rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 570 and of Lloyd’s Syndicate 609. Both syndicates are managed by Atrium Underwriters Limited (AUL). Best also revised …
Standard & Poor’s Ratings Services has withdrawn its ‘BB+’ rating on Concord Re Ltd.’s $365 million bank loan. The company repaid all outstanding amounts and terminated the facility. Fitch Ratings has upgraded the Insurer Financial Strength (IFS) ratings to ‘A’ …
A bill requested by Washington State Attorney General Rob McKenna to make it easier to prosecute identity theft cases is scheduled for a public hearing today before the House Judiciary Committee. “Records custodians often must fly long distances just to …
Legal advocates in Wyoming say they plan to press for changes in the way the state’s workers’ compensation program distributes benefits to people injured on the job. The state program paid out about $121 million in benefits to injured workers …