Mississippi is one of 15 states that will share in $200 million allocated by U.S. Housing and Urban Development Secretary Steve Preston. The money is for states affected by natural disasters. According to a HUD news release, the funding is …
Standard & Poor’s Ratings Services has affirmed its ‘BBB-‘ counterparty credit ratings on Max Capital Group Ltd. and Max USA Holdings Ltd. The outlook on both companies remains positive. “The counterparty credit rating on Max Capital reflects its good competitive …
Les Rock, president and chief underwriting officer of Ironshore Insurance Ltd., has resigned effective Oct. 31, 2008 for personal reasons. Howard Barnes, Peter Coleman and Rod Todd will continue to underwrite property insurance through Ironshore’s Bermuda office. Russ John has …
A suburban New York City company is accused of illegally representing itself as certified and licensed to perform asbestos testing. Westchester County District Attorney Janet DiFiore (dee’-fee-OH’-ray) says Earth Research Laboratories owner Dominic Perruccio has been arraigned on a charge …
The state of Oklahoma will get nearly $1.8 million to help pay for recovery efforts from spring storms, tornadoes and flooding in four counties. U.S. Housing and Urban Development Secretary Steve Preston announced Tuesday Oklahoma will receive $1,793,876 from HUD’s …
A Missouri highway safety coalition has set a new goal of cutting annual traffic accident deaths to less than 850 by 2012, which would be the lowest mark since 1949. The Missouri Coalition for Roadway Safety wanted to get highway …
Standard & Poor’s Ratings Services has affirmed its ‘A+/A-1’ long- and short-term counterparty credit ratings on Netherlands-based insurance group AEGON N.V. S&P also affirmed its ‘AA’ long-term counterparty credit and insurer financial strength ratings on AEGON’s core operating insurance entities. …
Insurance leaders, policymakers, financial and scientific experts will meet in Harrisburg next week to discuss how climate change will impact many segments of business and industry, Pennsylvania Insurance Commissioner Joel Ario said. “The insurance industry is the first in line …
Evan Greenberg, Ace Limited’s CEO, chided insurers asking to take part in a plan that could see government take stakes in ailing financial institutions, saying the motivation is not real need but access to “cheap capital.” “Taxpayers should be a …
The fire marshal in Meriden, Connecticut says a house fire on Center Street in a vacant home that had been foreclosed on five months ago was intentionally set. Fire Marshal Steve Trella says the Monday night fire had been set …