Standard & Poor’s Ratings Services has revised the CreditWatch status of most of its ratings on the AIG group of companies to CreditWatch developing from CreditWatch negative. The revisions affect its ‘A-‘ long-term counterparty credit ratings on American International Group …
A.M. Best Co. has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 33, which is managed by Hiscox Syndicates Limited (HSL). Best also affirmed the ICR of “bbb+” of the …
A.M. Best Co. has upgraded the financial strength ratings (FSR) to ‘A’ (Excellent) from ‘A-‘ (Excellent) and the issuer credit ratings (ICRs) to “a” from “a-” of Hiscox Insurance Company (Bermuda) Limited, Hiscox Insurance Company Limited (Hisco) and Hiscox Insurance …
Standard & Poor’s Ratings Services will hold a telephone conference call today, Thursday, Sept. 18, 2008, at 3 p.m. Eastern Daylight Time to discuss the recent credit events shaking the financial institutions sector. The call will include discussions of “the …
Federal labor officials are proposing more than $117,000 in fines against a Plainville, Connecticut manufacturer, saying safety violations there could have been deadly. The Occupational Safety and Health Administration says it cited Atlantic Pipe Corp. for 57 alleged serious violations …
The Hartford Financial Services Group Inc. announced new appointments for three of its senior executives. Effective immediately, Dan Brown will take on the new role of senior vice president of Industry Markets; Juan Andrade will become executive vice president of …
A federal agency hit three construction firms with penalties totaling $313,500 on Monday for safety violations that led to a tower crane collapse that killed seven people in March. The citations by the Occupational Safety and Health Administration named Reliance …
About 10,000 Vermont homes and businesses lost power after gusty winds — the remnants of Hurricane Ike — blew through New England, downing trees and power lines. About 9,500 Central Vermont Public Service Corp. customers lost electricity between 2 a.m. …
The State Fire Marshals Office has charged a Washington County man with setting a blaze that heavily damaged a home in Clear Spring, Maryland one year ago this week. Authorities say 28-year-old James McKee intentionally set the fire because the …
Companies sending unlicensed adjusters to Kentucky to assist with the large number of claims from the Sept. 13 and Sept.14 storms must complete state form 8307, according to the Kentucky Department of Insurance. The form must be completed by the …