A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Malaysian Reinsurance Berhad (Malaysian Re), both with stable outlooks. “The ratings reflect Malaysian Re’s stable and excellent underwriting performance, conservative …
Somali pirates have hijacked a Yemeni cargo ship in the Gulf of Aden, a regional maritime group said on Tuesday, a day after sources said the gang holding a Saudi Arabian supertanker were demanding a $15 million ransom. Andrew Mwangura, …
The University of Kansas Center for Research has filed a federal lawsuit claiming that two of its researchers should be listed on patents for a cancer drug. The research center sued the National Institutes of Health because Val Stella, a …
Texas Mutual Insurance Company announced a $446,998 dividend to the National Federation of Independent Business (NFIB) purchasing group for manufacturers. The group has earned more than $542,000 in dividends since 2007, largely by controlling its workers’ compensation losses. NFIB is …
A disabled man who had run-ins with a small-town Arkansas police chief ended up being saved by the same lawman. Kibler, Ark., Police Chief Roger Green pulled James Katzfey, 48, out of his home after smoke inhalation left the man …
Authorities say an elderly Ada, Okla., man was killed and a woman was injured when their car was struck by a freight train in Pontotoc County. The Oklahoma Highway Patrol says Howard E. O’Daniel suffered massive injuries and died at …
Air Force officials say more than a mile of steam piping covered in asbestos will be removed from a former base in east-central Illinois. Air Force officials announced on Nov. 20 that they have awarded a $150,000 contract to remove …
Forty states are asking the Federal Trade Commission to toughen its rules on selling used cars that have been in floods or collisions. Under the current rule, buyers must be told if the car — or SUV or motorcycle — …
A Maryland state senator from Howard County plans to introduce legislation in the new year that would allow Howard County to install cameras to identify speeding drivers. Sen. James Robey says the camera technology will save lives, including those of …
Colorado-based weather researchers say eight hurricanes formed in the Atlantic this year, the same number they predicted before the season but one less than their August update called for. Colorado State University researchers William Gray and Phil Klotzbach said Wednesday …