Monthly Archives: <span>April 2008</span>

Ratings Recap: RSUI Group, Covington, AMERISAFE, Combined, UNAIC

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of RSUI Group and its members. Best also affirmed the ICR of “bbb” and debt rating of “bb+” on $290.4 …

Ratings Roundup: Argonaut, Mitsui (China)

Standard & Poor’s Ratings Services has affirmed its ‘BBB-‘ counterparty credit rating on Argonaut Group Inc. (AGI), a wholly owned subsidiary of Argo Group International Holdings Ltd. and its ‘A-‘ counterparty credit and financial strength ratings on AGI’s insurance company …

Canadian Researchers Warn of New Arctic Worries

Canada’s massive Mackenzie Delta is feeling the impact of climate change is faster than expected, which could signal problems elsewhere in the Arctic, a Canadian researcher said Thursday. Melting ocean ice is apparently allowing larger storm surges to flood into …

Families of 6 Dead Miners Sue Owners Over Utah Cave-In

The families of six men killed in a Utah mine cave-in sued the mine’s Ohio owners, claiming that the collapse occurred because they were harvesting coal unsafely. The lawsuit filed in 3rd District Court contends Cleveland-based Murray Energy Corp. and …

Nearly Dozen Arrested for $2 Million California Insurance Fraud Scam

California Insurance Commissioner Steve Poizner announced the arrests of nearly one dozen alleged Bay Area fraud perpetrators. Eleven subjects were arrested over the past week on numerous felony counts including insurance fraud, identity theft, possession of stolen property and filing …

Cheldin Re-Elected Chair of California Insurance Association

Cary Cheldin, president of Crusader Insurance Co. in Woodland Hills, Calif., was re-elected to a traditional second, one-year term as chairman of the Association of California Insurance Companies’ (ACIC) Board of Directors at the Association’s Annual Meeting this week in …

Update: Train Exec Didn’t Promise to Keep Mill Open after South Carolina Crash

The former chief executive of railroad owner Norfolk Southern says he never promised that his company would pay to keep a South Carolina textile mill open after it had been damaged by a 2005 toxic chemical spill. A Norfolk Southern …

U.S. Disaster Agency FEMA Improved But Still Lacking, Report Says

The Federal Emergency Management Agency is better prepared for the next disaster but still is not ready for another catastrophe on the scale of Hurricane Katrina, the agency’s internal investigators say. FEMA has made moderate improvements in its ability to …

FBI: Dollar Loss from Internet Crime Reaches All-Time High

Internet crimes in 2007 cost nearly $240 million, a $40 million increase from 2006, the Federal Bureau of Investigation reported. According to the FBI’s 2007 Internet Crime Report, the Internet Crime Complaint Center (IC3) received 206,884 complaints of crimes perpetrated …

Arrowhead Announces Website Enhancements for Producers & Insureds

San Diego, CA, 04/04/2008 – ARROWHEAD General Insurance Agency, Inc. announced today it has launched its renovated corporate website, www.ArrowheadGrp.com and its secure online portal, www.ArrowheadExchange.com. Both sites will feature new looks, intuitive navigation and improved tools focused on enhancing …