A.M. Best Co. has assigned issuer credit ratings (ICR) of “aa-” and affirmed the financial strength ratings (FSR) of ‘A+’ (Superior) of COUNTRY Insurance & Financial Services of Bloomington, Ill., its property/casualty members and key life insurance affiliates. Best also …
Standard & Poor’s Ratings has assigned credit ratings to the following variable-rate notes issued today by Queen Street Ltd. under its principal at-risk variable-rate note program: — €70 million ($1101 million) series 1 class A principal at-risk variable rate notes …
XL Capital Ltd. has named Michael S. McGavick as its next CEO. He will officially join XL on May 1, succeeding Brian M. O’Hara, XL’s CEO for the last 13 years, who announced in October 2007 that he would retire …
Georgia investigators are trying to determine the cause of an apartment fire in Augusta in which one firefighter sustained minor injuries. About 25 families have been displaced by the fire that damaged multiple units in the complex near Interstate 20. …
A Wilmington, N.C. fire captain died last week when his helicopter crashed and exploded near the city, authorities said. John Miller was the only passenger in the helicopter, said Sgt. Craig Bredenbeck of the New Hanover County Sheriff’s Office. He …
Tennessee authorities say arson caused a fatal fire that destroyed a Cumberland County house last week with a couple inside. Wendell Frost, special agent in charge of the Knoxville office of the state bomb and arson squad, would not say …
Crews are working to clear debris from a large fire that broke out in downtown Baxter, Tennessee. Fire Chief Chris Holmes says a block of Broad Street was on fire March 14, destroying or damaging at least a third of …
Five years ago Colorado residents celebrated the first day of spring by digging out of the mess left by the state’s most destructive snowstorm. The Rocky Mountain Insurance Information Association estimates that the historic March 2005 blizzard resulted in more …
A series of significant fine increases for violating New York insurance law – proposed by outgoing Gov. Eliot Spitzer – have been rejected by the state legislature, a move that one New York agents’ group called a major victory for …
When Andy Buhaj heard the first boom from outside his parents’ house one night last month, he ignored it and stayed in bed, thinking it was his dad putting another log on the fire. When he heard another boom, he …