A pileup of 35 cars and five tractor-trailers on a snowy Maryland highway killed two people Monday and seriously injured at least a dozen, state police said. Seventy-one people, including infants and the elderly, were taken to a Red Cross …
Authorities say three more fires that displaced nine people and injured two fire firefighters are the latest in a string of arsons plaguing a southeastern Pennsylvania community. Officials in Coatesville say firefighter Jason Overholt was hurt when a burning porch …
An article on the Lloyd’s web site (www.lloyds.com) discusses plans by the International Underwriting Association for making claims payment a top priority for 2009. The IUA aims to double the number of new claims processed electronically by member companies by …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings of “aa-” of the Bermuda-based PartnerRe Group and its members. Best also affirmed the ICR of “a-” and debt ratings of PartnerRe’s parent, …
The insurance industry can play a key role in preparing businesses for the terrorist threat according to the global security think tank International Institute of Strategic Studies (IISS) in the latest Chartered Insurance Institute (CII) Thinkpiece entitled “Responding to the …
Records show Fargo officials considered a lower speed limit on a stretch of road the day before a crash there killed an 8-year-old girl. The Forum said it got copies of e-mails and transcripts provided by the city to Norm …
Makers of handmade toys, secondhand stores and others who make or sell children’s products fear that new government regulations could soon put them out of business. At issue is the Consumer Product Safety Improvement Act, passed by Congress last year …
A Montana company voluntarily is recalling children’s sunglasses after finding that paint on them may contain excessive lead. Axiom International Inc. of Billings says about 5,300 sunglasses imported from China are being recalled. Consumers are advised to return them to …
Standard & Poor’s Ratings Services has revised its outlook on the Lloyd’s Syndicate Assessment (LSA) on Advent Underwriting – Syndicate 0780 to stable from positive. S&P also affirmed the assessment of ‘2’ (high dependency). “The outlook revision reflects the recent …
U.S. property/casualty insurers are expected to pay homeowners and businesses $25.2 billion for 2008 property losses from 37 catastrophes — the fourth highest cost in a decade and the highest frequency in a decade, according to preliminary analysis by ISO’s …