A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating (ICR) of “a-” of Sun Hung Kai Properties Insurance Limited (SHKPI) with a stable outlook. “The ratings reflect the company’s consistent positive operating …
Alabama Gov. Bob Riley said he will appeal a decision by the Federal Emergency Management Agency to deny federal disaster assistance to tornado victims in Jackson County. “I’ve discussed this issue with local leaders in Jackson County as well as …
World Trade Center developer Larry A. Silverstein and Willis Group Holdings said they have successfully placed workers’ compensation, general liability, excess liability, and specialty insurance programs for construction of three towers at the World Trade Center site. As the first …
Credit rating organization A.M. Best Co. issued a prediction for a stable outlook in the personal lines insurance segment this year, based on what it sees as continued operating profitability, strong balance sheets and anticipation of ongoing underwriting discipline. . …
A Floyd County, Ky., woman pleaded guilty to a misdemeanor insurance fraud charge after lying about her husband’s employment history during a workers’ compensation hearing, according to the Kentucky Office of Insurance. According to a KOI written statement, during an …
The Oklahoma Office of Juvenile Affairs aims to promote gun safety in a video focusing on two boys who died in accidental shootings. “We want to begin the debate and begin discussion so it doesn’t happen again,” Juvenile Affairs Director …
Forth Worth, Texas school officials say they found beef recalled from a California slaughterhouse in the district’s freezers and will destroy it. The Fort Worth district checked on the safety of 158,000 pounds of beef and discovered that it had …
A Cleveland doctor gave up his immunity defense in a wrongful death case after spending five years of a Bolivar County trial court’s time with motions and discovery, the Mississippi Supreme Court has ruled. The Supreme Court this past week …
Virginia insurance regulators have has dismissed the claims of three insolvent Tennessee risk retention groups against Reciprocal of America (ROA). The State Corporation Commission said it determined that, as reinsureds of ROA, the three insurers are general creditors and not …
Firefighters, fire experts and engineers are converging on New York’s Governors Island for a week of pyrotechnics aimed at finding ways to prevent and contain blazes in high-rise buildings. Members of fire departments in Los Angeles, Chicago and other cities …