Fourth quarter profits at Warren, New Jersey-based The Chubb Corp. fell 37 percent to $407 million from $650 million in the same quarter last year. For the full year, net income was down 36 percent to $1.8 billion from $2.8 …
Standard & Poor’s Ratings Services has issued a bulletin indicating that “its ‘3’ Lloyd’s Syndicate Assessment (LSA) on Chaucer – Syndicate 1084 is not affected by the announcement by Chaucer Holdings PLC (Chaucer Holdings; not rated) on January 28 of …
A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘B++’ (Good) from ‘B’ (Fair) and issuer credit rating (ICR) to “bbb” from “bb+” of Canada’s Coachman Insurance Company, and has revised the outlook to stable from positive. Best …
Latino advocates are suing the Texas Department of Public Safety over new rules affecting which non-U.S. citizens can obtain driver’s licenses and identification cards. The Mexican American Legal Defense and Educational Fund filed the lawsuit in state district court in …
Nearly six months after 17 people on a religious pilgrimage died in Texas in one of the worst bus crashes in U.S. history, law enforcement authorities are working to wrap up investigations that could lead to state and federal charges, …
The Louisiana Superdome authority in New Orleans has filed suit against Merrill Lynch over a $238 million stadium bond issue that exploded in interest costs after the market for government securities dried up last year. The suit, filed in state …
An insurance company might have to pay big money to people claiming asbestos-related injuries under a Wisconsin Supreme Court ruling. The court ruled in a dispute between Plastics Engineering Co. and its insurer, Liberty Mutual. The company made products containing …
The mayor of a Mississippi city devastated by Hurricane Katrina pleaded not guilty this week to charges he lied to get disaster assistance to repair his damaged beachfront home. Gulfport Mayor Brent Warr is the highest-ranking public official so far …
Illinois Secretary of State Jesse White is crediting Illinois’ tougher teen driving laws for a drop in the number of teens who died in car wrecks. According to White, the number teen driving fatalities totaled 92 last year, down from …
A ceremony today will mark the formal recognition of a planned $9 million upgrade to the flood wall along the Mississippi River in Cape Girardeau, Missouri. The renovations are the result of a partnership between the city and the Army …