A lawsuit brought by a Wisconsin couple who accused a bank of deceptive lending practices and wanted to cancel their home loan has been stripped of class-action status in a victory for U.S. banks. In a 2-to-1 decision, a panel …
A.M. Best Co. has affirmed the financial strength rating of ‘B++’ (Good) and the issuer credit rating (ICR) of “bbb” of Germany’s SCHWARZMEER UND OSTSEE Versicherungs-Aktiengesellschaft SOVAG (Sovag) with a stable outlook. “The affirmation reflects Sovag’s excellent risk-adjusted capitalization, good …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Munich Reinsurance Company and its subsidiaries. Best also affirmed the debt ratings of “a+” on £300 million ($551 million) …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of Bermuda-based Catlin Insurance Company Limited (CICL), as well as Catlin Insurance Company (UK) Ltd. Catlin Insurance Company, Inc. (CICI) and …
In May the London market’s Joint War Committee (JWC) added the Gulf of Aden to its areas “as having an enhanced potential to cause a danger to ships or their crews,” notes an article on the Lloyd’s web site (www.lloyd’s.com). …
California Gov. Arnold Schwarzenegger has signed a bill establishing a citation program for minor violations of the Insurance Code. Assembly Bill 2044 by Assemblyman Michael Duvall, R-Yorba Linda, “creates a new way for the Department to enhance consumer protections and …
Federal investigators are on the scene of an airplane crash in the northern Atlanta suburbs trying to determine what caused the accident. An investigator from the National Transportation Safety Board is examining debris from the Piper Saratoga PA-32 that crashed …
Three eastern Kentucky miners are indicted on two counts each of violating the federal Mine Safety Act. Ira Sergent, Johnny Osborne and Reggie Raleigh worked at the Stillhouse Mining No. 1 Mine in Harlan County, Ky. The violations came in …
Each year, deer-vehicle crashes cause more than 200 deaths and tens of thousands of injuries, while racking up $1.1 billion in property damages. Based upon Erie Insurance’s decade of deer-vehicle collision data, we estimate that about one in every 100 …
To hear Julie Rochman tell it, she’d like every community in the United States to be resilient in the face of natural disasters. Rochman, president and CEO of the Institute for Business & Home Safety (IBHS) and former head of …