Virginia is getting more than $259,000 in mine health and safety grants. The funds come from the U.S. Department of Labor’s Mine Safety and Health Administration. The agency says it has announced more than $8.2 million in grants this year, …
A South Carolina textile company that closed after a train wreck and toxic chemical spill in 2005 wants the railroad to pay $420 million in damages, an attorney said Monday in opening arguments. The Norfolk Southern wreck ruptured a car …
A Guilford County, North Carolina company has been fined more than $17,000 for violations found after the death of a teenager who became entangled in a grinder. The News & Record of Greensboro, N.C., reported that the state Labor Department …
As indicated in the previous article (See above), A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and the issuer credit ratings (ICR) of “aa-” of the core life/health subsidiaries of Nationwide Financial Services, Inc. (NFS). …
The forlorn wrecks of cars and motorbikes dotting southern Sudan’s potholed dirt tracks and rare tarmacadam roads might signal chaos to some. But Zeru Woldemichael sees a business opportunity — in insurance. The Eritrean entrepreneur is hoping to snare a …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Nationwide Group and its four P/C pooled members and 22 reinsured affiliates. Best also affirmed the debt ratings of …
Standard & Poor’s Ratings Services has revised its outlook on Cunningham Lindsey Group Inc. (LIN) to stable from negative. S&P also affirmed its ‘B-‘ counterparty credit rating on LIN. The actions coincide with S&P’s revision of its outlook on LIN’s …
Standard & Poor’s Ratings Services has placed its counterparty credit and financial strength ratings on Canada’s Fairfax Financial Holdings Ltd. (FFH), FFH’s operating insurance companies (collectively, Fairfax), and Crum & Forster Holdings Corp. on CreditWatch with positive implications (for rating …
Potential climate change is the greatest strategic risk currently facing the property/casualty insurance industry, with demographic changes taking priority for the life insurance industry, according to a new study by Ernst & Young. Climate change is closely followed by demographic …
As more and more of the world’s population moves closer to the sea, the coastal developments being constructed to accommodate the migration raise growing concerns about coastal erosion. That’s the message in an article on the Lloyd’s web site (www.lloyds.com), …