A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength ratings (FSR) and the issuer credit ratings (ICR) of the core life/health subsidiaries of Nationwide Financial Services, Inc. (NFS). Best also affirmed NFS ICR …
Allstate reported consolidated revenues were $6.6 billion in the fourth quarter of 2008 and $29.4 billion for the 2008 year, a 9 percent drop from the previous year. The decrease in revenue of $2.4 billion and $7.4 billion for the …
Firefighters rescued two people and a third person jumped from a second-floor balcony to escape a three-alarm fire that destroyed an apartment building in San Antonio, Texas, on Jan. 27. Fire Chief Charles Hood said that while the San Pedro …
A lawsuit that alleged a Fort Worth-based oil company’s equipment sparked massive wildfires in the Panhandle in 2006 has been settled. Xcel Energy sued Cano Petroleum in 2007, claiming Cano’s electrical wiring and equipment used in its oil and gas …
Personal information of about 500 current and former city workers in Beaumont, Texas, accidentally was posted online on Jan. 14. The data involves people who had filed workers’ compensation claims in the past five years The information, including birth dates …
North Carolina Insurance Commissioner Wayne Goodwin reported the arrest this week of another Eastern North Carolina resident for his part in what Department of Insurance of investigators are calling an auto insurance fraud ring that staged accidents for more than …
Residents living near a recycling facility in Elkhart, Illinois have filed a lawsuit alleging that dust from the plant has led many of them to seek treatment for asthma, nosebleeds and breathing difficulties. About 100 people who live near the …
Food regulators didn’t consider salmonella a threat to most peanut products before they traced an outbreak to a peanut butter plant in Georgia two years ago. Officials in the nation’s top peanut-producing state promptly began checking for the bacteria during …
A North Carolina town has formed an arson task force to investigates a rash of 22 suspicious structure fires that have broken out since last year. The Daily Dispatch of Henderson reported there were 17 suspicious fires last year and …
A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Nationwide Group and its four P/C pooled members and twenty-two reinsured …